Lands' End enters retention agreements with CEO, CFO, President; payments tied to Change in Control

LANDS' END, INC.

Retention agreements with CEO Andrew McLean ($550k), CFO Bernard McCracken ($263k), and President Peter Gray ($348k).
Payment triggered by earlier of September 7, 2025 or a Change in Control event.
Continued employment required through payment date; earlier payout if terminated without cause or for good reason.
Total retention amounts = $1.161 million; signals potential M&A or strategic transaction.

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