UNIVERSAL CORP /VA/ 8-K
Research Summary
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Universal Corp Reports Quarter Ended Dec 31, 2025; Appoints New CFO
What Happened
- Universal Corporation (UVV) filed an 8-K on Feb 9, 2026 announcing it issued a press release with financial results for the quarter ended December 31, 2025 (press release furnished as Exhibit 99.1).
- On Feb 3, 2026 the Board elected Steven S. Diel as Senior Vice President and Chief Financial Officer, effective April 1, 2026; current CFO Johan C. Kroner will step down as CFO on that date and remain a Senior Vice President until his planned retirement on July 1, 2026. A press release about the CFO appointment is furnished as Exhibit 99.2.
Key Details
- Press releases issued: Feb 9, 2026 (results for quarter ended Dec 31, 2025) and Feb 9, 2026 (CFO appointment).
- New CFO: Steven S. Diel, age 54; has served as VP & CFO of Universal’s Ingredients segment since Jan 2026 and was VP, Business Development (since May 2018). Prior roles include CFO of Elitefts.com, Inc. (2016–Apr 2018) and Senior Manager—FP&A at Chicago Bridge & Iron (2014–2016). Education: MBA, Indiana University Kelley School of Business; B.S., Eastern Illinois University.
- Leadership transition timeline: Diel effective Apr 1, 2026; Kroner remains in a senior role through his retirement effective July 1, 2026.
- Compensation for Mr. Diel’s new role will be determined later; company reports no related-party transactions or family relationships requiring disclosure.
Why It Matters
- Investors should review the Feb 9, 2026 earnings release for revenue, earnings and other quarterly results—those financial details are material to valuation and near-term performance expectations.
- The CFO change establishes a clear transition plan with overlap between incoming and outgoing finance leaders, which can support continuity in financial reporting and execution. Compensation details and any strategic direction under the new CFO will be disclosed later and may be relevant to investor assessment.