Carter's CPO Kendra Krugman to depart Oct 21; deferred comp plan terminated

CARTERS INC

CPO Kendra Krugman to depart Oct 21, 2025; involuntary termination without cause with severance per existing agreement.
CEO Doug Palladini assumes interim oversight of product team.
Deferred comp plan terminated Sept 30; all participants to receive lump-sum payout ~12-24 months later.
16 active participants; largest balance $3.26M for former NEO Brian Lynch.
Termination driven by low participation, administrative complexity, and move to Safe Harbor 401(k).

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