Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov

8-K — MCCORMICK & CO INC

Accession: 0001999371-26-007382

Filed: 2026-04-01

Period: 2026-03-31

CIK: 0000063754

SIC: 2090 (MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS)

Item: Entry into a Material Definitive Agreement

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — mkcv_8k-033126.htm (Primary)

EX-99.1 — PRESS RELEASE, DATED MARCH 31, 2026 (ex99-1.htm)

GRAPHIC (mkc-page_01.jpg)

GRAPHIC (mkc-page_02.jpg)

GRAPHIC (mkc-page_03.jpg)

GRAPHIC (mkc-page_04.jpg)

GRAPHIC (mkc-page_05.jpg)

GRAPHIC (mkc-page_06.jpg)

GRAPHIC (mkc-page_07.jpg)

GRAPHIC (mkc-page_08.jpg)

GRAPHIC (mkc-page_09.jpg)

GRAPHIC (mkc-page_10.jpg)

GRAPHIC (mkc-page_11.jpg)

GRAPHIC (mkc-page_12.jpg)

GRAPHIC (mkc-page_13.jpg)

GRAPHIC (mkc-page_14.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — CURRENT REPORT

8-K (Primary)

Filename: mkcv_8k-033126.htm · Sequence: 1

false

0000063754

0000063754

2026-03-31

2026-03-31

0000063754

us-gaap:CommonStockMember

2026-03-31

2026-03-31

0000063754

MKCV:CommonStockNonvotingMember

2026-03-31

2026-03-31

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

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):

March 31, 2026

McCormick & Co Inc.

(Exact name of registrant as specified in

its charter)

Maryland

001-14920

52-0408290

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

24 Schilling Road, Suite 1

Hunt

Valley, Maryland

21031

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including

area code: (410) 771-7301

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 (see General Instruction A.2.

below):

☒  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:

Title of each

class

Trading

Symbol(s)

Name of exchange

on which registered

Common Stock

MKC-V

New York Stock Exchange

Common Stock Non-Voting

MKC

New York Stock Exchange

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 1.01. Entry into a Material Definitive Agreement.

On March 31, 2026, McCormick & Company, Incorporated, a

Maryland corporation (“McCormick”), entered into definitive agreements with Unilever PLC, a public limited company

registered in England and Wales (“Unilever”), Unilever Alpha HoldCo B.V., a private company with limited liability

(besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands and registered with the Dutch

Commercial Register (Handelsregister) under number 42017560, and wholly owned subsidiary of the Company (“DutchCo”),

Sandman Corporation, a Delaware corporation and indirect, wholly owned subsidiary of Unilever (“SpinCo”), Morpheus

Merger Sub I Corp., a Delaware corporation and a direct wholly owned subsidiary of McCormick (“Merger Sub I”), and

Morpheus Merger Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of McCormick (“Merger

Sub II” and together with Merger Sub I, the “Merger Subs”), pursuant to which and subject to the terms and

conditions therein, (1) Unilever transfer its foods business (“Unilever Foods”), subject to certain exceptions, to

SpinCo, (2) Unilever will sell, or cause to be sold, certain other assets related to Unilever Foods to McCormick, or subsidiaries of

McCormick, in exchange for cash payments, and to SpinCo or its subsidiaries, in exchange for intercompany notes, (3) if the

aggregate amount of such intercompany notes and cash payments is less than $15,700,000,000, SpinCo will distribute a note to DutchCo

(the “SpinCo Note Distribution”) in the principal amount of the difference of such payments and $15,700,000,000, (4)(a)

DutchCo may in certain circumstances distribute 84.77% (subject to certain adjustments) of the issued and outstanding shares of

common stock of SpinCo (the “Distributed SpinCo Shares”) to Unilever and will retain 15.23% of the issued and

outstanding shares of common stock of SpinCo, and (b) Unilever will distribute to its shareholders the Distributed SpinCo Shares on

a pro rata basis by way of an interim dividend in specie (the “Distribution”); provided, that, DutchCo may in

certain circumstances distribute 100% of the issued and outstanding shares of common stock of SpinCo to Unilever to distribute

to its shareholders, in order to obtain the desired tax treatment, as provided in the Merger Agreement (as defined below), (5)

Merger Sub I will merge with and into SpinCo (the “First Merger”), with SpinCo as the surviving corporation in the First

Merger (the “Surviving Corporation”), and (6) the Surviving Corporation will merge with and into Merger Sub II (the

“Second Merger” and, together with the First Merger, the “Mergers”), with Merger Sub II as the surviving

entity. As a result of the First Merger, each share of issued and outstanding common stock of SpinCo will be automatically converted

into the right to receive a number of shares of McCormick voting and non-voting common stock (together, “McCormick Common

Stock”), in amounts proportionate to voting and non-voting common stock outstanding as of immediately prior to the closing of

the Mergers.

When the Mergers are completed, assuming Unilever does not elect

to cause DutchCo to distribute all of the stock of SpinCo held by it, Unilever shareholders will own approximately 55.1%, McCormick shareholders

will own approximately 35.0%, and DutchCo will retain approximately 9.9% of each class, respectively, of the outstanding shares of McCormick

Common Stock on a fully diluted basis. If Unilever elects to cause DutchCo to distribute all of the stock of SpinCo held by it, it will

not retain any McCormick Common Stock and Unilever shareholders will own approximately 65% of each class, respectively, of the outstanding

shares of McCormick Common Stock on a fully diluted basis. The Distribution and the Mergers, taken together, are intended to qualify as

a Reverse Morris Trust transaction that is generally tax-free to Unilever’s shareholders for U.S. federal income tax purposes, except

to the extent that cash is paid to Unilever’s shareholders in lieu of fractional shares in the Distribution or the Mergers. Notwithstanding

such intent, Unilever may elect to change the method or structure of effecting the transactions contemplated by the Merger Agreement (as

defined below) (the “Transactions”) so as to sell all or substantially all of Unilever Foods assets operated in the United

States to McCormick or a subsidiary of McCormick in a transaction that is taxable for U.S. federal income tax purposes (the “U.S.

Asset Sale Election”).

1

The definitive agreements entered into in connection with the Transactions

include (1) an Agreement and Plan of Merger (the “Merger Agreement”), dated as of March 31, 2026, by and among Unilever, DutchCo,

SpinCo, McCormick, Merger Sub I and Merger Sub II, (2) a Separation and Distribution Agreement (the “Separation and Distribution

Agreement”), dated as of March 31, 2026, by and among Unilever, DutchCo, SpinCo and McCormick, and (3) an Employee Matters Agreement,

dated as of March 31, 2026 (the “Employee Matters Agreement”), by and among Unilever, SpinCo, DutchCo, Merger Sub I and McCormick.

Certain additional agreements have been or will be entered into in connection with the transactions contemplated by the Merger Agreement

and the Separation and Distribution Agreement, including, among others:

· a Stockholders’ Agreement between DutchCo and McCormick, pursuant to which DutchCo will be subject to certain obligations with respect

to its shares of McCormick Common Stock and will be provided customary registration rights;

· a Transitional Services Agreement, which will govern the parties’ respective rights and obligations with respect to the provision

of certain transition services;

· an Asset Purchase Agreement, pursuant to which Unilever will transfer certain assets and liabilities to McCormick through a direct

asset sale in exchange for cash, including certain local transfer documents that may be required pursuant to applicable local law to effect

the transactions contemplated by the Asset Purchase Agreement;

· a Tax Matters Agreement, which will govern, among other things, Unilever’s, on one hand, and Unilever Foods’s and McCormick’s,

on the other hand, respective rights, responsibilities and obligations with respect to taxes and tax attributes (including potential payments

for the utilization of certain tax assets generated by the Transactions), the preparation and filing of tax returns, responsibility for

and preservation of the expected tax-free status of the transactions (as applicable) contemplated by the Separation and Distribution Agreement

and certain other tax matters; and

· certain intellectual property licenses, manufacturing agreements, real estate license agreements, and other agreements to be discussed

by Unilever and McCormick prior to the consummation of the transactions.

The Separation and Distribution Agreement

The Separation and Distribution Agreement sets forth the terms and

conditions regarding the separation of Unilever Foods from Unilever. The Separation and Distribution Agreement identifies and provides

for the transfer of certain assets by Unilever and/or its subsidiaries to SpinCo, McCormick and/or their respective subsidiaries and the

assumption of certain liabilities by SpinCo, McCormick and/or their respective subsidiaries from Unilever and/or its subsidiaries.

The Separation and Distribution Agreement also governs the rights

and obligations of Unilever and SpinCo regarding the Distribution.

The Separation and Distribution Agreement also sets forth other

agreements between Unilever, SpinCo and McCormick, including adjustments for working capital, debt and debt-like items, cash balances

and transaction expenses. The Separation and Distribution Agreement governs certain aspects of the relationship between Unilever and SpinCo

after the Distribution, including provisions with respect to release of claims, indemnification, insurance, access to financial and other

information and access to and provision of records. The parties have mutual ongoing indemnification obligations following the Distribution

with respect to certain liabilities related to Unilever Foods and the remaining Unilever business, respectively. The Separation and Distribution

Agreement also provides that McCormick will guarantee certain obligations of SpinCo following the Mergers and Unilever will guarantee

certain Obligations to DutchCo.

Consummation of the Distribution is subject to various conditions,

including, among other things, the satisfaction or waiver of all conditions under the Merger Agreement, completion of the reorganization,

Unilever’s receipt of certain solvency opinions and, if applicable, the completion of the SpinCo Note Distribution.

The foregoing description of the Separation and Distribution Agreement

and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by reference

to, the full text of the Separation and Distribution Agreement, a copy of which will be filed as soon as practicable by amendment to this

Current Report on Form 8-K.

The Merger Agreement

As described above, the Merger Agreement provides that, immediately

following the consummation of the Distribution, Merger Sub I will merge with and into SpinCo, with SpinCo surviving as a wholly owned

subsidiary of McCormick, and immediately following the consummation of the First Merger, the Surviving Corporation will merge with and

into Merger Sub II, with Merger Sub II surviving as a wholly owned subsidiary of McCormick (the “Second Merger”). As a result

of the First Merger, each share of SpinCo common stock then issued and outstanding (other than certain excluded shares) will automatically

be converted into the right to receive a number of shares, or in the case of fractional shares, a cash payment in lieu of fractional shares

as set forth in the Merger Agreement, subject to adjustment, of McCormick Common Stock. The McCormick Common Stock for which the SpinCo

common stock is exchanged will consist of an amount of voting and non-voting common stock proportionate to the amounts outstanding as

of immediately prior to the closing of the Mergers. Such shares (when issued) will represent approximately 65% of the outstanding shares

of McCormick Common Stock on a fully diluted basis (with McCormick shareholders retaining approximately 35.0%). Unless Unilever elects

to cause DutchCo to distribute all of the stock of SpinCo to Unilever’s shareholders, as is reasonably necessary to obtain the desired

tax treatment, Unilever shareholders will hold 55.1% and DutchCo will retain approximately 9.9%.

2

The Merger Agreement also provides that, as of immediately following

the effective time of the First Merger, McCormick shall set the size of its board of directors (the “McCormick Board”) at

twelve members, consisting of eight current McCormick directors and four individuals designated by Unilever. One of the four individuals

designated by Unilever may be a member of management or an employee or director of Unilever.

Completion of the First Merger is subject to various closing conditions,

including, among other things, (1) approval by McCormick’s shareholders of the issuance of McCormick Common Stock pursuant to the

Merger Agreement (the “Share Issuance”) and certain amendments to the McCormick charter (the “Charter Amendment”);

(2) the effectiveness of the McCormick registration statement on Form S-4 to be filed with the Securities and Exchange Commission (the

“SEC”); and (3) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements

Act of 1976, as amended, and obtaining certain other consents, authorizations, orders or approvals from governmental authorities, including

certain other antitrust approvals and any foreign investment approvals.

Unilever, DutchCo, SpinCo, McCormick and the Merger Subs each make

certain representations, warranties and covenants, as applicable, in the Merger Agreement, including covenants to conduct Unilever Foods

and the business of McCormick and its subsidiaries in the ordinary course of business in all material respects, as applicable, and not

to take certain actions during the period between signing and the effective time of the First Merger. McCormick also agrees, among other

things, that neither McCormick nor any of its subsidiaries will (1) solicit alternative transactions or (2) enter into discussions concerning,

or provide information or data in connection with, alternative transactions (except under limited circumstances described in the Merger

Agreement, including where the McCormick Board has received a proposal that could reasonably be expected to lead to a superior proposal

and failure to take such action could be inconsistent with the directors’ fiduciary duties under applicable law, subject to certain

notice conditions). McCormick has also agreed that, shortly after the closing of the Mergers, it will grant replacement equity or cash

awards to continuing Unilever Foods employees with a value equivalent to the value of certain Unilever equity awards that were forfeited

by such employees in connection with the Separation and the Mergers, with the value of any such replacement awards in excess of an agreed

cap borne by Unilever.

The Merger Agreement provides that McCormick will use reasonable

best efforts to list the McCormick Common Stock on a European stock exchange to be determined by Unilever during the interim period.

The Merger Agreement contains specified termination rights for Unilever

and McCormick, including (i) the right for either party to terminate the agreement if the closing has not occurred within 12 months of

signing, subject to two 6 month extensions at the request of either party and (ii) the right of Unilever to terminate the Merger Agreement

as a result of the McCormick Board changing its recommendation that shareholders approve the Share Issuance or the Charter Amendment,

which would result in the payment of a termination fee of $420,000,000 by McCormick to Unilever, in each case as more fully described

in the Merger Agreement.

Further, if the Merger Agreement is terminated under certain

circumstances where an alternative transaction proposal has been publicly announced (or otherwise communicated to the McCormick

Board) prior to receipt of the approval of the Share Issuance and the Charter Amendment by McCormick’s shareholders and not

withdrawn within specified time periods, and McCormick consummates or enters into an alternative transaction within 12 months of

such termination, then McCormick will be required to pay the $420 million termination fee to Unilever.

In addition, the Merger Agreement provides that McCormick will

reimburse Unilever’s transaction-related expenses in an amount up to $75 million if the Merger Agreement is terminated because McCormick’s

shareholders do not approve the Share Issuance or the Charter Amendment. The amount of the termination fee payable pursuant to the preceding

two paragraphs will be reduced by the amount of any expense reimbursement paid pursuant to this paragraph.

The foregoing description of the Employee Matters Agreement does

not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Employee Matters Agreement,

a copy of which will be filed as soon as practicable by amendment to this Current Report on Form 8-K.

Debt Financing

In connection with entering into

the Merger Agreement, on March 31, 2026, McCormick entered into a commitment letter (the “Bridge Commitment Letter”) with

Citigroup Global Markets Inc., Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc. (the “Commitment Parties”),

pursuant to which the Commitment Parties have agreed, subject to the terms and conditions set forth therein, to provide McCormick with

certain committed financing in order to fund all or a portion of the consideration payable in the Merger pursuant to the Merger Agreement

and to pay related fees and expenses.

The Bridge Commitment Letter provides for a senior unsecured 364-day bridge

term loan credit facility (the “Bridge Facility”) in an aggregate principal amount of up to $15.7 billion. The Bridge Facility

is intended to be available to McCormick to finance, together with other sources of funds, the acquisition and related fees and expenses

in connection with the Merger and the other transactions contemplated by the Merger Agreement, in the event that McCormick has not obtained

the Permanent Financing on or prior to the closing of the Merger. The Bridge Facility is subject to customary conditions precedent to

funding, including the consummation of the acquisition materially in accordance with the terms of the Merger Agreement and other customary

funding conditions for facilities of this type. The Bridge Facility contains customary representations, warranties, covenants and indemnification

provisions.

The Bridge Commitment Letter also

contemplates that McCormick will seek to obtain permanent financing in the form of senior unsecured notes and/or senior unsecured term

loans prior to the closing of the Merger (collectively, the “Permanent Financing”). Commitments under the Bridge Facility

will be reduced by the amount of any Permanent Financing as well as the proceeds of certain asset sales and certain other events. The

receipt of financing by McCormick is not a condition to McCormick’ obligation to consummate the Merger.

3

Item 7.01 Regulation FD Disclosure.

On March 31, 2026, McCormick issued a press release announcing the

entry into the Merger Agreement. The press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.

Exhibit 99.1 is being furnished under Item 7.01 and shall not be

deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

or otherwise subject to the liability of such section, nor shall such exhibits be deemed incorporated by reference in any filing under

the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

Cautionary Statement Regarding Forward-Looking Statements

Certain information contained

in this document that are not statements of historical or current fact constitute “forward-looking statements” within the

meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as “will,”

“aim,” “expects,” “anticipates,” “intends,” “looks,” “believes,”

“vision,” “ambition,” “target,” “goal,” “plan,” “potential,” “work

towards,” “may,” “milestone,” “objectives,” “outlook,” “probably,” “project,”

“risk,” “continue,” “should,” “would be,” “seeks,” or the negative of these

terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such

forward-looking statements. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and

employees of McCormick. The forward-looking statements contained in this document include, without limitation, the anticipated benefits

of, and our plans, strategies and objectives relating to, the pending transaction with Unilever Foods.

These and other forward-looking

statements are based on management’s current views and assumptions. They are not historical facts, nor are they guarantees of future

performance or outcomes. Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward-looking

statements in this communication, including, but not limited to: (i) the parties’ ability to meet expectations regarding the timing,

completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the

occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; (ii) the failure

to obtain necessary regulatory approvals, approval of our shareholders, anticipated tax treatment or any required financing, or to satisfy

any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant

approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals

or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected

benefits of the transaction; (iii) the risk that the proposed transaction may not be completed on the terms or in the time frame expected

by the parties, or at all; (iv) direct transaction costs and substantial transition and integration-related costs associated with the

proposed transaction with Unilever Foods; (v) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses,

charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management

strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or

expected benefit of, timing or pursuit of the transaction; (vi) the risks and costs of the pursuit and/or implementation of the anticipated

separation of Unilever Foods’ business, including the anticipated timing required to complete the separation, any adjustment to

the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented; (vii) uncertainties

as to McCormick’s access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at

all; (viii) the failure to obtain the effectiveness of the registration statements for the transaction or receipt of McCormick shareholder

approval for the transaction and certain related matters; (ix) the risk that combined company financial information relating to the transaction,

including anticipated combined company revenues, earnings, cash flows, capital expenditures, indebtedness and other financial metrics

of the combined company; (x) the risk that the anticipated ownership percentages of McCormick shareholders, Unilever shareholders and

Unilever following the closing of the transaction may differ from those expected; (xi) the effect of the announcement or pendency of the

transaction on Unilever Foods’ or McCormick’s business relationships, competition, business, financial condition and operating

results, including risks that the transaction disrupts current plans and operations of Unilever Foods or McCormick, the ability of Unilever

Foods or McCormick to retain and hire key personnel, risks related to diverting either management team’s attention from ongoing

business operations, and risks associated with third-party contracts containing consent and/or other provisions that may be triggered

by the transaction; (xii) the ability of McCormick to successfully integrate Unilever Foods’ operations and implement its plans,

forecasts and other expectations with respect to Unilever Foods’ business or the combined business after the closing of the transaction;

(xiii) the ability of McCormick to manage additional debt and successfully de-lever following the transaction; and (xiv) the outcome of

any legal proceedings that may be instituted against Unilever Foods or McCormick related to the transaction; and other risks described

in the company’s filings with the Securities and Exchange Commission (“SEC”), including McCormick’s Annual Report

on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. Actual results

could differ materially from those projected in the forward-looking statements. The company undertakes no obligation to update or revise

publicly, any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required

by law.

4

No Offer or Solicitation

This document is for informational purposes only and is not intended

to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of

any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be

made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Important Information and Where to Find It

This document relates to a proposed transaction among McCormick,

Unilever and Unilever Foods. The parties intend to file relevant materials with the SEC, including, among other filings, a registration

statement on Form S-4 to be filed by McCormick with the SEC, which will include a document that serves as a proxy statement/prospectus

of McCormick in connection with the anticipated separation of Unilever Foods from Unilever and combination with McCormick, and a registration

statement on Form 10 to be filed by Unilever Foods entity that serve as an information statement/prospectus in connection with the spin-off

of Unilever Foods from Unilever. Each party will also file other documents regarding the proposed transaction with the SEC. INVESTORS

AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, INFORMATION STATEMENTS, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT

DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS

TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION

ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies

of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by

McCormick, Unilever Foods or Unilever through the website maintained by the SEC at www.sec.gov.

The documents filed by McCormick with the SEC also may be obtained

free of charge at McCormick’s website at https://ir.mccormick.com/ or upon written request to McCormick & Company, Incorporated,

24 Schilling Road, Suite 1, Hunt Valley, Maryland 21031, Attention: Investor Relations Department. The documents filed by Unilever Foods

or Unilever with the SEC also may be obtained free of charge at upon written request to Unilever, Investor Relations Department, 100 Victoria

Embankment, London EC4Y 0DY, United Kingdom.

Participants in the Solicitation

McCormick and Unilever and their respective directors and executive

officers may be deemed to be participants in the solicitation of proxies from McCormick’s shareholders in connection with the proposed

transaction. Information about McCormick’s directors and executive officers and their ownership of McCormick’s common stock

is set forth in McCormick’s proxy statement for its 2025 Annual Meeting of Shareholders on Schedule 14A filed with the SEC on February

18, 2026. To the extent that holdings of McCormick’s securities have changed since the amounts printed in McCormick’s proxy

statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information

regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction

may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Information about

the directors and executive officers of Unilever is set forth in its Annual Report on Form 20-F for the year ended December 31, 2025,

which was filed with the SEC on March 12, 2026. You may obtain free copies of these documents as described in the preceding paragraph.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.1

Press Release, dated March 31, 2026*

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith.

5

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.

McCORMICK & COMPANY, INCORPORATED

By:

/s/ Jeffery D. Schwartz

Date: March 31, 2026

Jeffery D. Schwartz

Vice President, General Counsel & Secretary

6

EX-99.1 — PRESS RELEASE, DATED MARCH 31, 2026

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit 99.1

GRAPHIC

GRAPHIC

Filename: mkc-page_01.jpg · Sequence: 7

Binary file (378719 bytes)

Download mkc-page_01.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_02.jpg · Sequence: 8

Binary file (514022 bytes)

Download mkc-page_02.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_03.jpg · Sequence: 9

Binary file (476141 bytes)

Download mkc-page_03.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_04.jpg · Sequence: 10

Binary file (463074 bytes)

Download mkc-page_04.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_05.jpg · Sequence: 11

Binary file (470462 bytes)

Download mkc-page_05.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_06.jpg · Sequence: 12

Binary file (435090 bytes)

Download mkc-page_06.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_07.jpg · Sequence: 13

Binary file (415972 bytes)

Download mkc-page_07.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_08.jpg · Sequence: 14

Binary file (394009 bytes)

Download mkc-page_08.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_09.jpg · Sequence: 15

Binary file (545688 bytes)

Download mkc-page_09.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_10.jpg · Sequence: 16

Binary file (640418 bytes)

Download mkc-page_10.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_11.jpg · Sequence: 17

Binary file (581771 bytes)

Download mkc-page_11.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_12.jpg · Sequence: 18

Binary file (459083 bytes)

Download mkc-page_12.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_13.jpg · Sequence: 19

Binary file (544719 bytes)

Download mkc-page_13.jpg

GRAPHIC

GRAPHIC

Filename: mkc-page_14.jpg · Sequence: 20

Binary file (76663 bytes)

Download mkc-page_14.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 22

v3.26.1

Cover

Mar. 31, 2026

Document Type

8-K

Amendment Flag

false

Document Period End Date

Mar. 31, 2026

Entity File Number

001-14920

Entity Registrant Name

McCormick & Co Inc.

Entity Central Index Key

0000063754

Entity Tax Identification Number

52-0408290

Entity Incorporation, State or Country Code

MD

Entity Address, Address Line One

24 Schilling Road

Entity Address, Address Line Two

Suite 1

Entity Address, City or Town

Hunt

Valley

Entity Address, State or Province

MD

Entity Address, Postal Zip Code

21031

City Area Code

(410)

Local Phone Number

771-7301

Written Communications

true

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock [Member]

Title of 12(b) Security

Common Stock

Trading Symbol

MKC-V

Security Exchange Name

NYSE

Common Stock Nonvoting [Member]

Title of 12(b) Security

Common Stock Non-Voting

Trading Symbol

MKC

Security Exchange Name

NYSE

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=MKCV_CommonStockNonvotingMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type: