other material
confidence high
sentiment neutral
materiality 0.35
Abercrombie & Fitch amends short-term cash incentive plan; raises max target to 200% of salary and max payout to $6.5M
ABERCROMBIE & FITCH CO /DE/
- Maximum annual incentive target increased from 175% to 200% of base salary.
- Maximum payout per participant per fiscal year raised from $5M to $6.5M.
- Performance goals unchanged, including sales, margin, and EPS metrics.
- Plan applies to all participating associates, with payouts ranging 0-200% of target.
- Administered by Compensation Committee; retains clawback and downward discretion.