A maker of home improvement and building products, Masco supplies faucets and showering systems under brands like DELTA and HANSGROHE, plus BEHR and KILZ paints sold mainly through The Home Depot. It began in 1929 when Armenian immigrant Alex Manoogian founded Masco Screw Products in a Detroit loft, taking "Masco" from the partners' initials. Fun fact: in the 1950s Manoogian bought the rights to a leaky single-handle ball-valve faucet, perfected it, and turned it into the iconic Delta faucet.
Masco stockholders approve charter and bylaw amendments at 2026 annual meeting
At the May 8, 2026 annual meeting, stockholders approved amendments to Masco's Certificate of Incorporation covering advance notice provisions, special meetings, and officer liability limits.
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A Certificate of Amendment was filed with the Delaware Secretary of State on May 12, 2026, and the amended and restated Bylaws became effective May 8, 2026.
The Bylaws now allow shareholders owning 25% or more of voting power for at least one year to request a special meeting, and add timing and procedural requirements for director nominations.
All four director nominees were elected, with votes for ranging from 162,154,089 to 175,349,688.
The non-binding say-on-pay vote passed with 161,067,793 votes for, and PricewaterhouseCoopers LLP was ratified as independent auditor with 168,081,377 votes for.
A shareholder proposal on the right to call a special meeting was rejected, with 75,159,758 votes for and 100,995,648 against.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders
Masco Group President Jai Shah to depart July 3, 2026 with severance package
The company entered into an agreement with Shah dated April 16, 2026 detailing his departure compensation.
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Masco Corporation announced on April 21, 2026 that Jai Shah, Group President, Plumbing and Wellness, will conclude service on July 3, 2026.
Shah will receive a cash payment of $1,206,000, a prorated 2026 cash bonus, and a prorated cash equivalent of an annual RSU award.
He is eligible for a prorated share award under the 2024-2026 LTIP if performance goals are met.
Shah will receive a cash payment equal to the value of remaining unvested RSUs from a March 5, 2025 retention agreement, but forfeits those RSUs themselves.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Masco enters new $1B revolving credit facility, replacing 2022 agreement
On March 20, 2026, Masco Corporation and Masco Europe S.à r.l. entered into a new Credit Agreement with lenders and JPMorgan Chase Bank, N.A. and J.P. Morgan SE as administrative agents.
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The new facility provides $1 billion in revolving credit commitments, refinancing and fully replacing the prior $1 billion 2022 Credit Agreement, which was terminated.
Initial borrowings repaid all outstanding revolving loans under the 2022 Credit Agreement and related fees and expenses; future borrowings are for general corporate purposes, including acquisitions and working capital.
The facility supports multiple currencies with a $500 million foreign currency sublimit, up to $25 million in letters of credit, and an option to increase commitments by up to $500 million.
The agreement matures on March 20, 2031, with two possible one-year extensions, and includes financial covenants: maximum leverage ratio of 4.00:1.00 and minimum interest coverage ratio of 2.50:1.00.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Leadership8-K
Masco grants CEO Jonathon J. Nudi $1,749,000 RSU award on Feb 6, 2026
The award replaces the previously disclosed annual RSU award equal to 159% of Nudi's annual base salary, calculated pro-rata for his service starting July 7, 2025.
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On February 6, 2026, Masco's Compensation and Talent Committee approved a full-value restricted stock unit (RSU) award for President and CEO Jonathon J. Nudi.
The RSU award is valued at $1,749,000.
The filing was signed by Vice President, CFO and Treasurer Richard J. Westenberg on February 12, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Masco Corporation enters into separation agreement with former Group President Imran Ahmad
Mr. Ahmad's service with the Company concluded on December 31, 2025.
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Masco Corporation entered into an agreement effective January 12, 2026, with Imran Ahmad, former Group President, Decorative Architectural Products.
He will receive a cash payment of $998,875.
He is eligible for a 2025 cash bonus and cash equivalent of an annual restricted stock unit award, based on individual target opportunities, subject to performance goals.
He will receive a cash payment under the 2023-2025 Long-Term Incentive Program, subject to performance goals, and may exercise vested stock options and stock appreciation rights for 90 days after service conclusion.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements