MasterBrand Inc
For the period ended Dec 29, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
MBC$6.66-6.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 15. Exhibits and Financial Statement Schedules
Item 15. Exhibits, Financial Statement Schedules
(a) The following documents are filed as part of this report:
Page
Reference
- Consolidated Financial Statements
| Consolidated Statements of Income for the years ended December 29, 2024, December 31, 2023, & December 25, 2022 | 44 |
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| Consolidated Statements of Comprehensive Income for the years ended December 29, 2024, December 31, 2023, & December 25, 2022 | 45 |
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| Consolidated Balance Sheets at December 29, 2024 & December 31, 2023 | 46 |
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| Consolidated Statements of Cash Flows for the years ended December 29, 2024, December 31, 2023, & December 25, 2022 | 47 |
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| Consolidated Statements of Equity for the years ended December 29, 2024, December 31, 2023, & December 25, 2022 | 48 |
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| Notes to Consolidated Financial Statements | 49 |
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| Report of Independent Registered Public Accounting Firm (PCAOB ID Number: 238) | 87 |
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- Financial Statement Schedule
| Valuation and qualifying accounts – Allowance for cash discounts and sales allowances, customer program allowance and tax valuation allowance | 97 |
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All other schedules have been omitted since the required information is not present or not present in amounts sufficient to require submission of the schedules, or because the information required is included in the Consolidated Financial Statements or the notes thereto.
- Exhibits
The exhibits listed on the accompanying exhibit index are filed as part of this Annual Report on Form 10-K.
EXHIBIT INDEX
| Incorporated by reference herein | |||
| Exhibit Number | Description | Form | Date |
| 2.1 | Separation and Distribution Agreement, dated December 14, 2022, between Fortune Brands Home & Security, Inc. and MasterBrand, Inc. | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 2.2 + | Agreement and Plan of Merger, dated as of May 20, 2024, by and among Dura Investment Holdings LLC, GHK North Star Holdings LLC, as Seller Representative, MasterBrand Cabinets LLC and Dogwood Merger Sub LLC. | Current Report on Form 8-K(File No. 001-41545) | July 11, 2024 |
| 2.3 | Amendment No. 1 to the Agreement and Plan of Merger, dated as of July 9, 2024, by and among Dura Investment Holdings LLC, GHK North Star Holdings LLC, as Seller Representative, MasterBrand Cabinets LLC and Dogwood Merger Sub LLC | Current Report on Form 8-K(File No. 001-41545) | July 11, 2024 |
| 3.1 | Corrected and Amended and Restated Certificate of Incorporation of MasterBrand, Inc., effective August 7, 2023 | Current Report on Form 10-Q (File No. 001-41545) | August 9, 2023 |
| 3.2 | Amended and Restated Bylaws of MasterBrand, Inc., effective September 4, 2024 | Current Report on Form 8-K (File No. 001-41545) | September 4, 2024 |
| 4.2 | Indenture, dated as of June 27, 2024, by and among the Company, the Subsidiary Guarantors named therein and U.S. Bank Trust Company, National Association, as trustee. | Current Report on Form 8-K (File No. 001-41545) | June 27, 2024 |
| 4.3 | Form of 7.00% Senior Notes due 2032. | Current Report on Form 8-K (File No. 001-41545) | June 27, 2024 |
| 10.1 | Tax Allocation Agreement, dated December 14, 2022, between Fortune Brands Home & Security, Inc. and MasterBrand, Inc. | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.2 | Employee Matters Agreement, dated December 14, 2022, between Fortune Brands Home & Security, Inc. and MasterBrand, Inc. | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.3 | MasterBrand, Inc. 2022 Long-Term Incentive Plan* | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.4 | MasterBrand, Inc. Annual Executive Incentive Compensation Plan* | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.5 | Form of Severance and Change of Control Agreement* | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.6 | MasterBrand, Inc. Deferred Compensation Plan* | Current Report on Form 8-K (File No. 001-41545) | December 15, 2022 |
| 10.7 | Credit Agreement among MasterBrand, Inc., as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the other parties named therein, dated November 18, 2022 | Current Report on Form 10-K (File No. 001-41545) | February 27, 2024 |
| 10.8 | Amended and Restated Credit Agreement, dated as of June 27, 2024, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. | Current Report on Form 8-K (File No. 001-41545) | June 27, 2024 |
| 19.1 | Insider Trading Policy (x) | ||
| 21.1 | Subsidiaries of the Company (x) | ||
| 23.1 | Consent of Independent Registered Public Accounting Firm (x) | ||
| 24.1 | Power of Attorney (included as part of the page titled “Signatures”) | ||
| 31.1 | Certification of principal executive officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 (x) | ||
| 31.2 | Certification of principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 (x) | ||
| 32.1 | Certification of principal executive officer, as required by Section 906 of the Sarbanes-Oxley Act of 2002 (x) | ||
| 32.2 | Certification of principal financial officer, as required by Section 906 of the Sarbanes-Oxley Act of 2002 (x) | ||
| 97 | Dodd-Frank Clawback Policy, effective September 6, 2023 | Current Report on Form 10-K (File No. 001-41545) | February 27, 2024 |
| 101.INS | XBRL Instance Document (x) | ||
| 101.SCH | XBRL Taxonomy Extension SchemaDocument (x) | ||
| 101.CAL | XBRL Taxonomy Extension CalculationLinkbase Document (x) | ||
| 101.DEF | XBRL Taxonomy Extension Definition | ||
| 101.PRE | XBRL Taxonomy Extension PresentationLinkbase Document (x) | ||
| 101.LAB | XBRL Taxonomy Extension Label | ||
| 104 | Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | ||
| ‘+ Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. | |||
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| * Management contract or compensatory plan or arrangement. | |||
| (x) Filed herewith. | |||
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