secwatch.observer — SEC 8-K summary
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Issuer:     CHICO'S FAS, INC. (—)
CIK:        0000897429
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0000897429-23-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chico's FAS CFO Patrick Guido resigns; David Oliver appointed as new CFO
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- Patrick Guido resigns as EVP and CFO to accept a position closer to family; last day June 23, 2023.
- David Oliver appointed EVP, CFO and CAO effective June 24, 2023; previously was SVP – Finance, Controller and CAO.
- Oliver's new salary: $425,000; annual bonus target 80% of salary; equity grant of $225,000 (50% RSUs, 50% PSUs).
- Oliver previously served as interim CFO from February 2020 to September 2021.
- Guido's resignation does not trigger additional compensation beyond existing plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897429/000089742923000070/0000897429-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897429/000089742923000070/chs-20230606.htm
  HTML page:      https://secwatch.observer/filing/0000897429-23-000070

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