
Management ChangeApr 22, 2026, 04:32 PM
MasterBrand Board to Expand to 11 Directors, Appoints 3 New Members
AI Summary
MasterBrand, Inc. announced that its Board of Directors will expand from eight to eleven members, effective upon the closing of the merger with American Woodmark Corporation. The board has appointed Andrew Cogan, Philip Fracassa, and Daniel Hendrix as the three new directors, fulfilling a provision of the merger agreement. These appointments are contingent on the merger's consummation, which is expected in the second calendar quarter of 2026.
Key Highlights
- MasterBrand Board to increase from 8 to 11 directors.
- Andrew Cogan appointed to Class III of the Board.
- Philip Fracassa appointed to Class I of the Board.
- Daniel Hendrix appointed to Class II of the Board.
- Appointments effective upon merger closing in Q2 2026.
Price Impact
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