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Brown-Forman Corporation filings document formal disclosures for a public spirits company with Class A common stock, nonvoting common stock, and outstanding notes. Recent Form 8-K reports furnish operating results and financial condition updates, Regulation FD releases, and other material-event disclosures tied to the company’s beverage alcohol business.
The filing record also covers executive officer changes, compensatory arrangements, an executive change-in-control severance plan, and board authorization of share repurchases. These disclosures provide the formal record for Brown-Forman’s governance actions, capital structure, securities, and recurring public-company reporting obligations.
Brown-Forman Corporation, a Delaware-based, family-controlled premium spirits company, outlines its global business, strategy, and risks in its annual report. The company sells more than 40 spirit and RTD cocktail brands, led by Jack Daniel’s Tennessee Whiskey, in over 170 countries.
The United States remains its largest market, accounting for 42% of net sales in fiscal 2026, with the remaining 58% generated internationally. Brown-Forman employs about 4,900 people on six continents and emphasizes responsible marketing, sustainability, and long-term value creation through its premium portfolio and strong cash-generating business model.
Brown-Forman reported softer fiscal 2026 earnings but much stronger cash generation. Full-year net sales slipped 1% to $3.93 billion, while operating income fell 10% to $1.00 billion and diluted EPS declined 17% to $1.53, hurt by higher impairment charges and lapping a prior-year gain.
Gross margin improved to 60.5% as mix and cost actions helped offset lower volumes, especially after ending the Korbel relationship and Sonoma-Cutrer transition services. Operating cash flow jumped to $1.0 billion and free cash flow to $893 million, enabling $827 million of dividends and buybacks.
Management expects fiscal 2027 conditions to remain challenging, guiding to roughly flat organic net sales and a 3%–5% decline in organic operating income, with planned capital spending of $60–$70 million and a projected tax rate of 20%–22%.
Wolf Pen Branch, LP and its general partner Wolf Pen Branch GP, LLC amended their Schedule 13D to update their stake in Brown-Forman’s Class A voting common stock. They now report beneficial ownership of 101,601,480 shares, representing 60.3% of the Class A shares outstanding.
The position includes 42,000,000 shares over which HoldCo has sole voting and dispositive power, and 59,601,480 "Proxy Shares" for which it holds irrevocable voting proxies from Brown family–related holders. Since the prior amendment, HoldCo has obtained additional irrevocable proxies covering 7,095,855 shares, bringing total Proxy Shares to 59,601,480 and further consolidating Brown family governance influence through HoldCo.
BROWN FORMAN CORP EVP/Pres., Americas Michael Andrew Masick reported routine equity compensation activity in Class B Common stock. On May 27, 2026, he received 611 shares at $0.00 per share as a grant tied to a July 27, 2023 award of performance-based restricted stock units that had a three-year performance period ending April 30, 2026.
To cover withholding obligations from this award, he surrendered 276 shares at a price of $25.94 per share, a tax-withholding disposition using the May 27, 2026 closing price of BF-B. After these transactions, he directly holds 1,540 Class B Common shares, adjusted for dividend reinvestment.
BROWN FORMAN CORP executive Michael E. Carr Jr., EVP, General Counsel and Secretary, reported routine equity compensation and related tax withholding in Class B common stock.
On May 27, 2026, he acquired 611 Class B Common shares at $0.00 per share as a grant connected to a July 27, 2023 award of performance-based restricted stock units that followed a three-year performance period ending April 30, 2026. To satisfy withholding obligations for this award, he surrendered 245 Class B Common shares at a value based on the $25.94 closing price of BF-B on May 27, 2026. After these transactions, his direct holdings in Class B Common were 860 shares, and he also held 425.7987 shares through the company’s 401(k) plan as of May 28, 2026.
Brown-Forman executive Christina M. Graven, EVP and Chief Strategy Officer, reported compensation-related share activity in Class B common stock. She received 1,346 shares on May 27, 2026, from a July 27, 2023 award of performance-based restricted stock units that vested after a three-year performance period ending April 30, 2026.
To cover tax withholding on this award, she surrendered 607 shares, valued using the $25.94 May 27, 2026 closing price of BF-B, as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 2,469 Class B shares.
BROWN FORMAN CORP executive Diane F. Nguyen reported routine equity compensation activity. She received 1,346 shares of Class B common stock at no cost in connection with a July 27, 2023 award of performance-based restricted stock units, which vested after a three-year performance period ending April 30, 2026. To cover tax withholding on this vesting, she surrendered 597 Class B shares using the May 27, 2026 BF-B closing price, leaving her with 1,636 directly held shares.
BROWN FORMAN CORP director Farrer Marshall reported compensation-related stock activity involving Class A Common shares. On May 27, 2026, he acquired 4,518 shares issued from a performance-based restricted stock unit award originally granted on July 27, 2023, after a three-year performance period ending April 30, 2026.
To cover withholding obligations tied to this award, he surrendered 2,176 shares of Class A common stock using the $26.72 BF-A closing price on May 27, 2026 to calculate the tax. Following these transactions, he directly owned 6,753 Class A shares, reflecting a routine grant and related tax-withholding disposition rather than open-market trading.
Brown-Forman director Marshall Farrer reported an amended Form 4 showing a grant of 5,586 Stock Appreciation Rights tied to Class B Common stock. These rights have a conversion or exercise price of $31.15 per share, become exercisable on May 1, 2028, and expire on April 30, 2035. The amendment corrects the number of stock appreciation rights previously reported due to a clerical error and shows Farrer's direct derivative holdings at 5,586 rights following the transaction.
Brown-Forman executive Yiannis Pafilis reported equity compensation activity tied to performance-based awards. On May 27, 2026, he received 272 shares of Class A Common and 508 shares of Class B Common at $0.00 per share, issued upon vesting of earlier performance-based restricted stock unit awards with three-year performance periods ending April 30, 2026.
To cover withholding taxes on these vested awards, he surrendered 95 Class A shares at a price of $26.72 and 177 Class B shares at $25.94 through tax-withholding dispositions, which are not open-market sales. After these transactions, his reported direct holdings were 272 Class A shares and 685 Class B shares.