Delaware | 002-26821 | 61-0143150 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
850 Dixie Highway, Louisville, Kentucky | 40210 | |
(Address of Principal Executive Offices) | (Zip Code) |
Exhibit No. | Description | |
99.1 | Brown-Forman Corporation Press Release dated January 14, 2016. |
BROWN-FORMAN CORPORATION | |
(Registrant) | |
Date: January 14, 2016 | /s/ Michael E. Carr, Jr. |
Michael E. Carr, Jr. | |
Assistant Vice President, Senior Attorney and Assistant Corporate Secretary |
Exhibit No. | Description | |
99.1 | Brown-Forman Corporation Press Release dated January 14, 2016. |
NEWS RELEASE | ||||
PHIL LYNCH | JAY KOVAL | |||
VICE PRESIDENT | VICE PRESIDENT | |||
DIRECTOR CORPORATE COMMUNICATIONS | DIRECTOR INVESTOR | |||
AND PUBLIC RELATIONS | RELATIONS | |||
502-774-7928 | 502-774-6903 |
• | Unfavorable global or regional economic conditions, and related low consumer confidence, high unemployment, weak credit or capital markets, budget deficits, burdensome government debt, austerity measures, higher interest rates, higher taxes, political instability, higher inflation, deflation, lower returns on pension assets, or lower discount rates for pension obligations |
• | Risks associated with being a U.S.-based company with global operations, including commercial, political and financial risks; local labor policies and conditions; protectionist trade policies or economic or trade sanctions; compliance with local trade practices and other regulations, including anti-corruption laws; terrorism; and health pandemics |
• | Fluctuations in foreign currency exchange rates, particularly a stronger U.S. dollar |
• | Changes in laws, regulations, or policies - especially those that affect the production, importation, marketing, labeling, pricing, distribution, sale, or consumption of our beverage alcohol products |
• | Tax rate changes (including excise, sales, VAT, tariffs, duties, corporate, individual income, dividends, capital gains) or changes in related reserves, changes in tax rules (for example, LIFO, foreign income deferral, U.S. manufacturing and other deductions) or accounting standards, and the unpredictability and suddenness with which they can occur |
• | Dependence upon the continued growth of the Jack Daniel’s family of brands |
• | Changes in consumer preferences, consumption or purchase patterns - particularly away from larger producers in favor of smaller distilleries or local producers, or away from brown spirits, our premium products, or spirits generally, and our ability to anticipate or react to them; bar, restaurant, travel or other on-premise declines; shifts in demographic trends; unfavorable consumer reaction to new products, line extensions, package changes, product reformulations, or other product innovation |
• | Decline in the social acceptability of beverage alcohol products in significant markets |
• | Production facility, aging warehouse or supply chain disruption |
• | Imprecision in supply/demand forecasting |
• | Higher costs, lower quality or unavailability of energy, water, raw materials, product ingredients, labor or finished goods |
• | Route-to-consumer changes that affect the timing of our sales, temporarily disrupt the marketing or sale of our products, or result in higher implementation-related or fixed costs |
• | Inventory fluctuations in our products by distributors, wholesalers, or retailers |
• | Competitors’ consolidation or other competitive activities, such as pricing actions (including price reductions, promotions, discounting, couponing or free goods), marketing, category expansion, product introductions, or entry or expansion in our geographic markets or distribution networks |
• | Risks associated with acquisitions, dispositions, business partnerships or investments - such as acquisition integration, or termination difficulties or costs, or impairment in recorded value |
• | Inadequate protection of our intellectual property rights |
• | Product recalls or other product liability claims; product counterfeiting, tampering, contamination, or product quality issues |
• | Significant legal disputes and proceedings; government investigations (particularly of industry or company business, trade or marketing practices) |
• | Failure or breach of key information technology systems |
• | Negative publicity related to our company, brands, marketing, personnel, operations, business performance or prospects |
• | Failure to attract or retain key executive or employee talent |
• | Our status as a family “controlled company” under New York Stock Exchange rules |
'13QWJHBY?1]JZK](?>>+[LXX,,1GRR'4
MPX.[D!XD7;$NG3M2.9S:N
M>DU^&WE^GD^ZRN,\9NR70\]'BPNIZ876TS9D==\+=!ZO[,<*6D6H1#XL7,X]
MI=7IXX->R1#R:I"12EP[*/R7.9?,<0^^OIQJGOK^@O)H#
X&]#^+&JP7D)C/$CX;_ %7 S;5//RLV4ME!.5=Y[,7%];:9.(0$
M$6?*&\(Z*].*M:3VC #,DRTW]%":\AO].98;T[9HCL60]->8X6VU70[F]R;!
M=0+F;RY:@]^#;Z7H\VG\78][>?#R#J7#'-Q[R8?'N/U5ZL7"06LUS-/%(L0B
M%:,105KVXG>\TNXX-Q%EJ@#4-:CGP]K