Abercrombie & Fitch discloses severance terms for departing President Kristin Scott

ABERCROMBIE & FITCH CO /DE/

Salary continuation of $975K annualized for 18 months post-March 30, 2024 departure.
Pro-rated fiscal 2024 cash incentive at 150% target bonus, based on actual performance.
COBRA premium reimbursement for 18 months; pro-rata vesting of 2022 and 2023 performance share awards.
Ms. Scott reaffirms 12-month non-compete, 24-month non-solicit, and other restrictive covenants.
Unvested equity awards forfeited; no change-of-control severance or future equity grants.

item 5.02 item 9.01

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Departed

Kristin Scott

President, Global Brands and Managing Director, North America

ANF · ABERCROMBIE & FITCH CO /DE/

Effective: 2024-03-30
Filed: February 16, 2024, 6:59 PM ET

Kristin Scott, the Company’s President, Global Brands and Managing Director, North America, will be leaving the Company no later than March 30, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kristin Scott departed as President, Global Brands and Managing Director, North America at ABERCROMBIE & FITCH CO /DE/.

Action: will be leaving
Role: President, Global Brands and Managing Director, North America

Exact text from the filing

Kristin Scott, the Company’s President, Global Brands and Managing Director, North America, will be leaving the Company no later than March 30, 2024

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Source: SEC EDGAR

accession 0001018840-24-000009

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