Brown-Forman Corporation's shareholders met on July 26, 2018 at the regularly scheduled annual meeting of stockholders and elected the slate of directors recommended by the Board of Directors as submitted in the company's 2018 Proxy Statement. Paul Varga on his successful 31-year career at the company. In May, Varga announced his decision to retire as Chief Executive Officer at the end of calendar 2018, and the Board of Directors approved Lawson Whiting as the company's next CEO, effective January 1, 2019.

The Board of Directors approved a regular quarterly cash dividend of 15.8 cents per share on its Class A and Class B Common Stock. Stockholders of record on September 6, 2018, will receive the cash dividend on October 1, 2018.