secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0000950170-23-048616
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lands' End appoints Bernard McCracken as permanent CFO, effective Sept 14, 2023
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- Bernard McCracken, previously Interim CFO, named permanent CFO; also continues as Treasurer and principal accounting officer.
- Annual base salary set at $525,000; target annual incentive raised to 75% of base salary.
- Long-term incentive target for fiscal 2024 set at 110% of base salary.
- Severance agreement provides 12 months salary, benefits, outplacement, and imposes 12-month non-compete and 18-month non-solicitation.
- McCracken has been with Lands' End since 2014; prior roles at The Children's Place and Deloitte.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000095017023048616/0000950170-23-048616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000095017023048616/le-20230914.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-048616

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