secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000950170-23-011377
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023011377/0000950170-23-011377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023011377/gco-20230327.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011377

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