secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001060822-25-000076
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's appoints Douglas Palladini as CEO effective April 3, 2025
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- Douglas C. Palladini appointed CEO and President, effective April 3, 2025; joins Board of Directors.
- Palladini was Global Brand President of Vans, doubling revenue to $4.2B; focus on brand and DTC.
- Compensation: base salary $1.2M, target cash incentive 150%, sign-on equity $7M with performance-based RSUs.
- Sign-on equity: 50% time-based RSUs vesting over 4 years, 50% performance-based with 30%/60%/90% growth hurdles over 3 years.
- Richard F. Westenberger steps down as Interim CEO but remains as Senior EVP, CFO & COO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082225000076/0001060822-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082225000076/cri-20250326.htm
  HTML page:      https://secwatch.observer/filing/0001060822-25-000076

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