8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

FORTUNE BRANDS INNOVATIONS, INC.

(Exact name of Registrant as Specified in Its Charter)

(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:

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 3, 2025, Fortune Brands Innovations, Inc. (the “Company”) announced that the Board of Directors (the “Board”) appointed Jonathan Baksht to succeed David V. Barry as Executive Vice President and Chief Financial Officer of the Company effective May 5, 2025. In connection with Mr. Baksht's appointment as principal financial officer and effective May 5, 2025, Mr. Barry will no longer serve as an executive officer of the Company, however, he will continue in his role as President, Security and Connected Products.

Mr. Baksht, age 50, served as Chief Financial Officer of Pactiv Evergreen Inc., a leading manufacturer of fresh food and beverage packaging in North America, from May 2022 to April 2025. He served as Chief Financial Officer of Valaris Limited, a global offshore contract drilling company, from November 2015 until September 2021, before which he held various senior financial roles with Valaris. He holds a Bachelor of Science degree with High Honors in Electrical Engineering from the University of Texas at Austin and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

There are no family relationships between Mr. Baksht and any director or executive officer of the Company and there are no transactions involving the Company that would be required to report pursuant to Item 404(a) of Regulation

S-K.

Pursuant to the terms of Mr. Baksht’s offer letter, his compensation will include (i) an annual base salary of $800,000, (ii) an annual incentive award target bonus opportunity of 85% of base salary, (iii) an annual long-term equity incentive award target value of $2,000,000 commencing in 2025, to be comprised of 25% stock options, 25% restricted stock units, and 50% performance share awards, subject to approval by the Compensation Committee of the Board of Directors (the “Compensation Committee”), and (iv) a sign-on restricted stock unit award with a grant date value of $750,000, which will vest in one-third annual installments, subject to approval by the Compensation Committee. Mr. Baksht will also be eligible to participate in the Company’s benefit plans and programs applicable to other executive officers. In addition, the Company will enter into the standard form of Agreement for the Payment of Benefits Following Termination of Employment with Mr. Baksht, which is further described in the Company’s Definitive Proxy Statement, filed with the U.S. Securities and Exchange Commission on March 31, 2025.

Item 7.01 Regulation FD Disclosure.

On April 3, 2025, the Company issued a press release announcing the appointment of Mr. Baksht as Executive Vice President and Chief Financial Officer of the Company. The press release is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K and is incorporated herein by reference under this Item 7.01.

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, except as shall be expressly set forth in such a filing.

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.

EX-99.1

Fortune Brands Names Jonathan Baksht Executive Vice President and Chief Financial Officer; Sets Date for First Quarter 2025 Earnings Announcement and Investor Conference Call

DEERFIELD, Ill. – April 3, 2025 - Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced that Jonathan Baksht was appointed by the Board of Directors to serve as Executive Vice President and Chief Financial Officer beginning May 5, 2025.

Baksht is a proven leader with nearly a decade of public company CFO experience gained at two separate businesses. With an established track record in financial leadership and a deep understanding of market dynamics, he is well positioned to drive forward the Company’s financial strategy.

As CFO of Fortune Brands, Baksht will be responsible for leading the Company’s financial planning to support its biggest growth opportunities, managing the Company’s strong cash flow and balance sheet, and ensuring accurate financial reporting. He will oversee all finance functions, including accounting, financial planning and analysis, investor relations, treasury, tax and internal audit.

“I am excited to have Jon join Fortune Brands at this important stage of our transformation. As an experienced CFO, he will be able to hit the ground running as a strategic partner for our business and ensure continuity in our existing initiatives and strategic priorities. Jon is a results-focused leader, and I am confident he will play an integral role in how Fortune Brands will deliver growth and long-term shareholder value,” said Fortune Brands Chief Executive Officer Nicholas Fink.

Baksht’s predecessor, David Barry, will continue in his current role as President of Security and Connected Products and will be working with Baksht to ensure an effective transition.

Most recently, Baksht served as Chief Financial Officer of Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in North America. Before that, he was Executive Vice President and Chief Financial Officer at Valaris, a global offshore drilling contractor. Prior to assuming the CFO role in 2015, he held key leadership positions at Valaris including Vice President, Finance and Vice President, Treasurer. Before joining Valaris in 2013,

Baksht spent seven years in investment banking with Goldman Sachs and began his career as a management consultant with Andersen Consulting.

Baksht holds a Bachelor of Science in Electrical Engineering with High Honors from the University of Texas at Austin and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

Earnings Advisory

Fortune Brands will release first quarter 2025 financial results after the market closes on Tuesday, May 6, 2025. At 5:00 p.m. ET, the Company will host its investor conference call to discuss first quarter results. Baksht will join Fink and Barry on the investor call.

A live internet audio webcast of the conference call will be available on the Fortune Brands website at https://ir.fbin.com/upcoming-events. It is recommended that listeners log on at least 10 minutes prior to the start of the call. A recorded replay of the call will be made available on the Company’s website shortly after the call has ended.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc. is an industry-leading innovation company dedicated to creating smarter, safer and more beautiful homes and improving lives. The Company’s driving purpose is to elevate every life by transforming spaces into havens.

The Company is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company’s portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.

Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN. To learn more, visit www.FBIN.com.

Source: Fortune Brands Innovations, Inc.

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