---
schema_version: "secwatch.filing_event.v1"
accession: "0000014707-22-000048"
form_type: "8-K"
ticker: "CAL"
cik: "0000014707"
company_name: "CALERES INC"
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:41:36.547231+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Caleres CEO Diane Sullivan to retire Jan 15, 2023; President Jay Schmidt to become CEO

## Summary
- Diane Sullivan to retire as CEO on Jan 15, 2023, assume role of Executive Chair.
- President Jay Schmidt, age 61, will succeed Sullivan as CEO on that date.
- Schmidt's new compensation: base salary $1M, target cash award 110%, long-term performance award $2M, restricted stock $2M.
- Sullivan as Executive Chair: base salary $800K for FY2023, $500K for FY2024-May 2025, restricted stock $1.5M.
- Succession is culmination of long-planned board process; Sullivan led acquisition/incubation of Sam Edelman, Allen Edmonds, Vionic.

## SEC filing metadata
- accession: 0000014707-22-000048
- form_type: 8-K
- ticker: CAL
- cik: 0000014707
- company_name: CALERES INC
- filed_at: 2022-07-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14707/000001470722000048/0000014707-22-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14707/000001470722000048/cal-20220720x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014707-22-000048
- JSON: https://secwatch.observer/filing/0000014707-22-000048.json
- Plain text: https://secwatch.observer/filing/0000014707-22-000048.txt

## Key facts
- Executive change
  John W. Schmidt was appointed as Chief Executive Officer at CALERES INC.
  - Action: become
  - Role: Chief Executive Officer
  source text: the Company’s President, John W. Schmidt, will become the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/14707/000001470722000048/0000014707-22-000048-index.htm
- Executive change
  Diane M. Sullivan changed role as Executive Chair at CALERES INC.
  - Action: assume
  - Role: Executive Chair
  source text: Diane M. Sullivan will retire as Chief Executive Officer as of January 15, 2023 and will assume the role of Executive Chair
  evidence_url: https://www.sec.gov/Archives/edgar/data/14707/000001470722000048/0000014707-22-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.