secwatch.observer — SEC 8-K summary
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Issuer:     SHOE CARNIVAL INC (SCVL)
CIK:        0000895447
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000950170-24-120717
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoe Carnival extends CEO employment through 2029; revises executive severance and change-in-control terms
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- CEO Mark Worden's employment term extended through October 31, 2029 with automatic one-year renewals.
- Other executive officers (COO, CFO, CMO) receive one-year agreements expiring Oct 31, 2025, auto-renew.
- CEO's severance on qualifying termination increased from 200% to 250% of base salary plus target bonus.
- Change-in-control provisions: pure cutback under Section 280G replaces excise tax gross-up; RSUs vest immediately.
- Maximum bonus under incentive plan capped at 300% of base salary; Section 162(m) references removed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895447/000095017024120717/0000950170-24-120717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895447/000095017024120717/scvl-20241101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-120717

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