McCormick & Co Inc. files mixed securities shelf
TL;DR
McCormick & Co. filed a mixed securities shelf registration with the SEC, allowing it to issue up to $1.5 billion in debt or equity over 36 months for strategic flexibility. This move streamlines future capital-raising efforts without immediate issuance.
McCormick & Co Inc. files mixed securities shelf
McCormick & Co. Inc. Files Mixed Securities Shelf Registration
On April 3, 2023, McCormick & Co. Inc. (NYSE: MKC) filed a mixed securities shelf registration (Form S-3ASR) with the U.S. Securities and Exchange Commission (SEC), granting the company flexibility to issue up to $1.5 billion in debt, equity, or a combination of securities as market conditions warrant. This type of registration allows companies to pre-approve securities offerings, streamlining future capital-raising efforts by eliminating the need for additional SEC reviews at the time of issuance.
The filing, which remains effective for 36 months under Rule 415 of the Securities Act of 1933, enables McCormick to leverage market opportunities for strategic purposes such as acquisitions, working capital, debt refinancing, or general corporate needs. While the SEC filing does not specify the exact allocation of securities, mixed shelf registrations are commonly used by large-cap companies to maintain financial agility amid uncertain economic environments.
In addition to this registration, McCormick filed its annual Form 10-K with the SEC on January 22, 2026, providing audited financial statements and risk disclosures for fiscal year 2025. The company's investor relations website also reflects ongoing activity related to beneficial ownership reporting and insider transactions, consistent with standard SEC filings for publicly traded companies.
No immediate issuance of securities under the S-3ASR has been announced. Investors are advised to monitor subsequent 8-K filings or press releases for updates on potential offerings. The company's ability to access capital markets remains a key factor in its strategic flexibility, particularly as it navigates macroeconomic challenges and executes long-term growth initiatives.
(https://ir.mccormick.com/static-files/74450395-3336-4950-8471-418760b3621c): Form 10-K for McCormick CO INC filed 01/22/2026.
(https://ir.mccormick.com/static-files/1a219930-1c5b-4995-9a04-9f30da73b1f3): Form S-3ASR for McCormick CO INC filed 04/03/2023.
(https://ir.mccormick.com/financial-information): Financial Information | McCormick & Company, Inc. (ir.mccormick.com).
