Caleres freezes Supplemental Executive Retirement Plan effective Dec 31, 2022; no new participants, no further accruals

CALERES INC

Caleres amended its SERP effective Dec 31, 2022 to freeze participation and benefit accruals for Executive Benefit Participants.
Existing participants receive only lump sum actuarial equivalent as if they retired on freeze date; no further accruals.
No new Executive Benefit Participants can join Plan after freeze date.
The amendment aims to limit future liabilities for executive retirement benefits.

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