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Get filing alertsConstellation Brands adds McDonald's global CMO Morgan Flatley to board
Filed May 21, 2026 · Period ending May 20, 2026 · ~1 min read
Key Changes
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Board expanded from 11 to 12 members and elected E. Morgan Flatley, McDonald's Executive VP and Global Chief Marketing Officer, as independent director effective May 20, 2026.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Furnished press release frames the election as returning the board to twelve after former CEO Bill Newlands retired from the board in April 2026 — Item 5.02 itself calls it a board expansion and does not name him.
Exhibit 99.1 (furnished under Item 7.01) view on EDGAR → -
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Board determined Flatley meets NYSE independence standards; she will receive prorated standard non-management director compensation; committee assignments TBD.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Constellation Brands expanded its board from 11 to 12 members and elected Morgan Flatley, McDonald's Executive Vice President and Global Chief Marketing Officer, as an independent director effective May 20, 2026. Filed Item 5.02 describes that expansion and fills the additional board seat; it does not name a predecessor. The furnished news release (Item 7.01 / Exhibit 99.1 — furnished, not filed under Section 18) frames the same move as returning the board to twelve members following former CEO Bill Newlands' retirement in April 2026.
Flatley brings consumer brand and marketing expertise: at McDonald's since February 2023 she oversees global brand building, marketing, menu strategy, digital customer engagement, and new business ventures; before that she spent 13 years at PepsiCo, most recently as SVP and CMO for Global Nutrition (Gatorade, Tropicana, Quaker, Naked Juice). The board determined she meets NYSE independence standards; committee assignments are pending; she will receive standard non-management director compensation prorated from her start date. This is routine large-cap board refreshment with no immediate governance implications beyond adding an independent director with CPG marketing depth.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 20, 2026, the Board of Directors (the “Board”) of Constellation Brands, Inc. (“Constellation” or the “Company”), was expanded from eleven (11) to twelve (12) members. On that date, the Board filled the additional Board seat by electing E. Morgan Flatley to serve as a member of the Board effective immediately.
The Board expanded by one seat and elected E. Morgan Flatley as a new independent director. Ms. Flatley, age 52, currently serves as Executive Vice President, Global Chief Marketing Officer and New Business Ventures at McDonald's Corporation since February 2023, where she is responsible for global brand-building, marketing, menu, digital customer engagement, and new business ventures. She brings food and beverage industry expertise, marketing experience, and digital transformation capabilities to the Board. The filing also states she has not served as a director of any public company during the past five years.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 furnishes the May 21 news release announcing Flatley's election; substantive director disclosure is in filed Item 5.02.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Constellation issued a news release (the “release”) announcing the election of Ms. Flatley to serve as a member of the Board, effective May 20, 2026.
Item 7.01 is a Regulation FD pointer that furnishes Exhibit 99.1; the Item itself is thin by design. Do not read that thinness as 'the 8-K provides no details' — filed Item 5.02 in the same 8-K discloses Flatley's background, independence, compensation, and the 11→12 board expansion. The release is furnished, not filed, under Section 18. Newlands-retirement framing lives only in the furnished Exhibit 99.1, not in Item 5.02.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
With Flatley’s election, the composition of Constellation Brands’ Board of Directors returns to twelve members, following former President and Chief Executive Officer Bill Newlands’ retirement from the Board in April 2026. Flatley’s election serves as a continuation of the company’s comprehensive board refreshment process.
The Board returns to twelve members with Flatley's election, following former CEO Bill Newlands' retirement from the Board in April 2026. This election continues the company's ongoing board refreshment process, bringing global marketing and consumer brand expertise to the Board as the company focuses on maintaining its position as the leading high-end beer supplier in the U.S. This Newlands/vacancy framing appears in the furnished press release, not in filed Item 5.02.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify