-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hc/E8x2U2/kJHADKsXVnbUeQYLLgVNH7QH48BRf5+ytI8i8j3q94RDSFP7MF2GPO NF8cuY8OLzoy9YG3pK747A== 0000014693-10-000124.txt : 20101118 0000014693-10-000124.hdr.sgml : 20101118 20101118163049 ACCESSION NUMBER: 0000014693-10-000124 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101118 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101118 DATE AS OF CHANGE: 20101118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BROWN FORMAN CORP CENTRAL INDEX KEY: 0000014693 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 610143150 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-26821 FILM NUMBER: 101203120 BUSINESS ADDRESS: STREET 1: 850 DIXIE HWY CITY: LOUISVILLE STATE: KY ZIP: 40210 BUSINESS PHONE: 5025851100 MAIL ADDRESS: STREET 1: P O BOX 1080 CITY: LOUISVILLE STATE: KY ZIP: 40201 FORMER COMPANY: FORMER CONFORMED NAME: BROWN FORMAN INC DATE OF NAME CHANGE: 19870816 FORMER COMPANY: FORMER CONFORMED NAME: BROWN FORMAN DISTILLERS CORP DATE OF NAME CHANGE: 19840807 FORMER COMPANY: FORMER CONFORMED NAME: BROWN FORMAN DISTILLERY CO DATE OF NAME CHANGE: 19670730 8-K 1 form8-k.htm BROWN-FORMAN CORP FORM 8-K 11-18-2010 form8-k.htm
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

Date of Report (Date of earliest event reported):
November 18, 2010 (November 18, 2010)

 
Brown-Forman Corporation

 
(Exact name of registrant as specified in its charter)
         
Delaware
 
002-26821
 
61-0143150
         
(State or other jurisdiction
 
(Commission File Number)
 
(I.R.S. Employer
of incorporation)
     
Identification No.)

     
850 Dixie Highway, Louisville, Kentucky
 
40210
     
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (502) 585-1100

Not Applicable
(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))
 

 
 

 

Item 7.01 Regulation FD Disclosure

On November 18, 2010, Brown-Forman Corporation (the “Company”) issued a press release announcing that its Board of Directors increased its regular quarterly cash dividend on its Class A and Class B Common Stock to $0.32 per share.  Stockholders of record on December 7, 2010 will receive the quarterly cash dividend on December 27, 2010.

Historically, quarterly dividends declared in November have been paid in early January of the following calendar year.  However, with the uncertainty surrounding the renewal of the current dividend tax rates that expire on December 31, 2010, the Company chose to accelerate the dividend payment, which will result in five cash dividend payments for calendar 2010.

A copy of the press release is furnished herewith as Exibit 99.1. The information furnished pursuant to this Item 7.01 (and the related information in Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.

Item 9.01  Financial Statements and Exhibits

(d)           Exhibits

The following Exhibit is furnished as part of this Report on Form 8-K.

99.1           Brown-Forman Corporation Press Release dated November 18, 2010
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.


Brown-Forman Corporation                                                                           
(Registrant)


November 18, 2010                                           /s/  Nelea A. Absher                                                                            
(Date)
Nelea A. Absher
 
Vice President, Associate General Counsel and Assistant Corporate Secretary



Exhibit Index

Exhibit
Number                      Description

99.1                      Brown-Forman Corporation Press Release dated November 18, 2010


EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm
Exhibit 99.1

FOR IMMEDIATE RELEASE
 
BROWN-FORMAN INCREASES REGULAR QUARTERLY CASH DIVIDEND FOR THE 27TH CONSECUTIVE YEAR
 

LOUISVILLE, KY, November 18, 2010 – Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that its Board of Directors increased its regular quarterly cash dividend on its Class A and Class B Common Stock by 6.7% to $0.32 per share from the prior quarter’s $0.30 per share.  As a result, the indicated annual cash dividend will rise from $1.20 to $1.28 per share.

Stockholders of record on December 7, 2010 will receive their quarterly cash dividend on December 27, 2010.  Historically the payment from the November declaration has been made in early January of the following calendar year.  However, with the uncertainty surrounding the renewal of the current dividend tax rates which expire on December 31, 2010, the company chose to accelerate the cash payment, which will result in five cash payments for calendar 2010.

This marks Brown-Forman’s 65th consecutive year of quarterly dividends and the 27th consecutive year it has increased the annualized dividend.  In early 2010, Brown-Forman became part of the prestigious Standard & Poor’s 500 Dividend Aristocrats Index, which is comprised of an elite list of only 42 companies that have consistently increased their cash dividend every year for over 25 years.

Paul Varga, Chief Executive Officer, commented, “We are pleased to once again increase our dividend, reflecting the company’s strong balance sheet and cash flows and our ambition of producing excellent long-term total shareholder returns.”

For 140 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, Woodford Reserve, and Bonterra. Brown-Forman's brands are supported by nearly 4,000 employees and sold in approximately 135 countries worldwide. For more information about the company, please visit http://www.brown-forman.com.



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