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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):
May 28, 1998
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Brown-Forman Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-123 61-0243150
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
850 Dixie Highway, Louisville, Kentucky 40210
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (502) 582-1601
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Item 5.
On May 28, 1998, the Board of Directors approved an amendment to Section
2.1 of the Registrant's by-laws, which amendment lifted the mandatory retirement
age for non-employee directors to 70. The text of Section 2.1 of the by-laws now
reads as follows:
SECTION 2.1 Number; Qualification. The Board of Directors of the
Corporation shall consist of not less than three (3) nor more than
seventeen (17) persons, who shall hold office until the Annual Meeting of
the Stockholders next ensuing after their election, and until their
respective successors are elected and shall qualify. The number of
Directors to serve from time to time shall be fixed by the Board of
Directors subject to being changed by the stockholders at any Annual
Meeting of Stockholders. Directors need not be stockholders. Members of the
Board of Directors who are employees of the Corporation shall retire from
the Board upon attaining age 65; provided, that Chief Executive Officers of
the Corporation who hold such office upon attaining age 65 shall retire
from the Board upon attaining age 67 or two years after their retirement as
CEO, whichever comes first. Members of the Board who are not employees of
the Corporation shall retire from the Board upon attaining age 70.
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.
Brown-Forman Corporation
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(Registrant)
June 1, 1998 /s/ Michael B. Crutcher
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(Date) Michael B. Crutcher, Senior
Vice President, General Counsel
and Secretary
