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Form 8-K · Current Report · Filed 2024-08-29

Constellation Brands Announces Resignation of Board Member Judy A. Schmeling

On August 29, 2024, Constellation Brands, Inc.

Filer
Constellation Brands, Inc. STZ · NYSE
Filed
Accession
0000016918-24-000170
CIK
0000016918
Signal
Medium impactConsumer Defensive

Details

announced that Judy A. Schmeling has resigned from its Board of Directors, effective immediately. The resignation was not due to any disagreement with the company. The Board and senior leadership expressed their gratitude for Ms. Schmeling's service and wished her success in her future endeavors.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Board Member Departure

Market reaction

Close before filing

$240.37

Next session

+0.1%

Since filing

-45.8%

Latest close

$130.23

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from STZ reporting the same item, with the next session's move:

About Constellation Brands, Inc.

Constellation Brands, Inc. is a leading international producer and marketer of beer, wine, and spirits. The company is renowned for its diverse portfolio, which includes premium labels such as Corona, Modelo, and Pacifico in its beer division, as well as high-end wines like Robert Mondavi and premium spirits. Headquartered in Victor, New York, Constellation Brands operates in various international markets, emphasizing strong growth in the beverage alcohol industry. This company primarily serves retailers, distributors, and domestic and global consumers, significantly influencing the beverage sector. Constellation Brands’ strategic acquisitions and investments in emerging market trends, such as the burgeoning premium wine segment and craft spirits movement, highlight its commitment to diversifying its offerings. Through innovation and strategic partnerships, Constellation Brands maintains a robust market position by capitalizing on consumer preferences and expanding its global footprint. This dynamic approach underscores its importance in shaping trends and meeting the evolving demands in the beverage alcohol industry, enhancing its substantial role in the broader financial market landscape.

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