8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): October 15, 2026 |
FORTUNE BRANDS INNOVATIONS, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
1-35166 |
62-1411546 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
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1 Horizon Way Building N |
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Deerfield, Illinois |
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60015-3888 |
(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: 847 484-4400 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share |
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FBIN |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.06. Material Impairments.
As previously disclosed, as of June 27, 2026, Fortune Brands Innovations, Inc. (the “Company”) performed a recoverability test of the Company’s Fiberon asset group within the Outdoors segment under Accounting Standard Codification 360 – Property, Plant and Equipment, triggered by the advancement of the Company’s previously announced strategic review of the Fiberon business. As a result, the Company recorded a long-lived asset impairment of $221.2 million as of June 27, 2026, measured by the amount of carrying value that exceeded the estimated fair value. The impairment charge reduced the carrying value of the Fiberon customer relationship intangible asset and property and equipment in the amounts of $71.3 million and $149.9 million, respectively, and was included within Asset impairment charges in the Company’s condensed consolidated statements of comprehensive income within the Outdoors segment for the fiscal period ended June 27, 2026.
On October 15, 2026, the Company determined that an additional material charge for impairment of the Fiberon asset group is required under U.S. generally accepted accounting principles as a result of the execution of a definitive purchase agreement on October 15, 2026 with a subsidiary of Inteplast Group Corporation, which provides for the sale of the Fiberon business for $160 million in cash subject to the terms and conditions thereof (the “Fiberon Purchase Agreement”). As of the date of this Current Report on Form 8-K, the Company expects an additional non-cash impairment charge estimated in the range of approximately $175 million to $205 million relating to the Fiberon business.
Certain of the statements in this Current Report on Form 8-K, including statements regarding anticipated impairment charges, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company uses words and phrases such as “expects,” “will,” “anticipated”, “estimated” and similar terms and phrases, including references to assumptions, to identify forward-looking statements. The forward-looking statements herein, including the amount and nature of the estimated impairment charges and related impacts to the Company’s financial statements, are based on information available to the Company as of the date of this Current Report on Form 8-K, and the Company assumes no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the risk factors described from time to time in the reports, including the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, that the Company files with the U.S. Securities and Exchange Commission.
Item 7.01. Regulation FD Disclosure.
On October 15, 2026, the Company announced the execution of the Fiberon Purchase Agreement. A copy of the press release is furnished as Exhibit 99.1 hereto.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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FORTUNE BRANDS INNOVATIONS, INC. |
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Date: |
October 15, 2026 |
By: |
/s/ Jack N. Melamed |
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Jack N. Melamed
Interim Chief Legal Officer and Corporate Secretary |
EX-99.1
Fortune Brands Innovations Announces Agreement to Sell Fiberon
DEERFIELD, Ill –October 15, 2026 -- Fortune Brands Innovations, Inc. (NYSE: FBIN) (“Fortune Brands” or the “Company”), an industry-leading home, security and digital products company, today announced it has executed a definitive agreement to sell its Fiberon composite decking business to a subsidiary of Inteplast Group Corporation.
The potential transaction is the result of a comprehensive sales process Fortune Brands initiated in connection with the strategic review of its Fiberon decking business. The decision to sell Fiberon underscores Fortune Brands' ongoing commitment to active portfolio management and capital allocation discipline and is intended to ensure the Company's resources are concentrated in its highest-return opportunities.
The closing of the transaction is subject to regulatory approval and is expected to occur within 60 days.
Jefferies LLC is serving as Fortune Brands’ exclusive financial advisor, and Sidley Austin LLP is serving as the Company’s legal advisor.
About Fortune Brands Innovations
Fortune Brands Innovations, Inc. (NYSE: FBIN) is an industry-leading home, security and digital products company. The Company makes innovative, reliable products that contribute to safety, enhance sustainability and provide luxury for residential and commercial customers. The Company’s trusted brands include Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, Sentry Safe and Yale residential. Learn more at www.fbin.com.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations for our business, operations, financial performance or financial condition in addition to statements regarding our pending sale of the Fiberon business and other matters that are not historical in nature. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “outlook,” “positioned,” “confident,” “opportunity,” “focus,” "on track" and similar expressions or future or
conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on current expectations, estimates, assumptions and projections of our management about our industry, business and future financial results, available at the time this press release is issued. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements, including but not limited to: (i) the possibility that the expected financial and operational impacts from the proposed transaction will not be realized, or will not be realized within the expected time period; (ii) the inability to obtain governmental approval of the proposed transaction on the proposed terms and schedule contemplated by the parties; (iii) the risk that costs incurred in connection with the proposed transaction will exceed Fortune Brands’ estimates or otherwise adversely affect Fortune Brands’ business or operations; (iv) the impact of the proposed transaction, or the announcement of the proposed transaction, on Fortune Brands’ businesses and commercial relationships and the risk that consummating the proposed transaction may be more difficult, time-consuming or costly than expected, including the impact on Fortune Brands’ resources, systems, procedures and controls, diversion of management’s attention and the impact on relationships with customers, suppliers, employees and other business counterparties; (v) the possibility that the proposed transaction does not close, including, but not limited to, failure to satisfy the closing conditions; (vi) our reliance on the North American and Chinese home improvement, repair and remodel and new home construction activity levels, (vii) the housing market, downward changes in the general economy, unfavorable interest rates or other business conditions, (viii) the competitive nature of consumer and trade brand businesses, (ix) our ability to execute on our strategic plans and the effectiveness of our strategies in the face of business competition, (x) our reliance on key customers and suppliers, including wholesale distributors and dealers and retailers, (xi) risks associated with our recent leadership changes and our search process to identify additional permanent members of senior management, (xii) risks associated with strategic acquisitions, divestitures and joint ventures, including difficulties integrating acquired companies and the inability to achieve the expected financial results and benefits of transactions, (xiii) impairments in the carrying value of goodwill or other acquired intangible assets, and (xiv) potential liabilities and costs from claims and litigation. These and other factors are discussed in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 27, 2025. We undertake no obligation to, and expressly disclaim any such obligation to, update or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or changes to future results over time or otherwise, except as required by law.
Source: Fortune Brands Innovations, Inc.
INVESTOR CONTACT:
Curt Worthington
Investor.Questions@fbin.com
