secwatch.observer — SEC 8-K summary
======================================

Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0000016732-25-000108
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Campbell's appoints Kelly L. Palumbo as SVP, Controller and Chief Accounting Officer
--------------------------------------------------------------------------------

- Stanley Polomski transitions to SVP Business Process Optimization, effective Sept 22, 2025.
- Kelly Palumbo appointed SVP Controller & CAO; base salary $410k, target bonus 55% of base.
- Palumbo was Corporate Controller at Charles River Labs since 2023, spent 20+ years at J&J.
- One-time RSU grant of $200k (3-year vest) and $300k cash payment for forfeited bonus/benefits.
- Target LTI award for FY2026 set at 110% of salary; quarterly $2,500 Personal Choice Program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673225000108/0000016732-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673225000108/cpb-20250902.htm
  HTML page:      https://secwatch.observer/filing/0000016732-25-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer