Genesco amends EVA incentive plan, caps bonuses at 3x target, phases out bonus banks

GENESCO INC

Compensation committee amended EVA plan to cap bonuses at 3x target and eliminate future bonus bank contributions starting FY2024.
Existing positive bonus banks (Schuh Group only) to be paid in equal annual installments over next three fiscal years.
Negative bonus banks subject to payback rules; no bonus banks remain after FY2026.
Board Chair, President and CEO Mimi Vaughn added as participant; performance goals to be set by compensation committee.

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