secwatch.observer — SEC 8-K summary
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Issuer:     STEVEN MADDEN, LTD. (SHOO)
CIK:        0000913241
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001019056-22-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steven Madden enters new 3-year CEO employment agreement with Rosenfeld; base salary set at $1.08M-$1.17M
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- Term runs Dec 31, 2021 through Dec 31, 2024; base salary $1,083,538 (2022), $1,126,879 (2023), $1,171,954 (2024).
- Restricted stock grant on Dec 31, 2021: target value $3.5M, vesting 20% annually over 5 years starting Dec 1, 2022.
- Additional restricted stock grant on Feb 1, 2022: target value $2.5M, vesting 20% annually over 5 years starting Feb 1, 2023.
- Change-of-control severance: 2.5x (base salary + average 3-year cash bonus) payable within 10 days.
- Non-compete extends 6 months post-termination (6 months for cause/voluntary quit) within U.S. for footwear/apparel/fashion products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913241/000101905622000027/0001019056-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913241/000101905622000027/smadden_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000027

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