Carter's subsidiary OshKosh offers pension single-sum payment; plan termination authorized

CARTERS INC

Single-sum payment window for OshKosh Pension Plan starts June 1, 2024, closes July 15, 2024; ~500 participants.
Board authorized plan termination effective Nov 30, 2024, subject to PBGC and other approvals.
Company expects non-cash accounting charges upon settlement; actual amount depends on participant elections and assumptions.
Electing participants to receive payments in August 2024; additional contribution and annuity purchase to follow for full funding.

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