secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001104659-22-026154
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBWI reports record Q4/FY21 earnings, CEO Meslow to step down in May due to health
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- Q4 net sales $3.027B (+11% YoY); GAAP EPS $2.27, adjusted EPS $2.30 (+17% YoY).
- FY21 net sales $7.882B (+22%); adjusted EPS $4.51 (+45% YoY). Q1/FY22 guidance below prior year adjusted.
- Board authorized $1.5B share repurchase program and 33% increase to annual dividend.
- CEO Andrew Meslow steps down May 12, 2022 for health reasons; Board Chair Sarah Nash becomes Executive Chair and Interim CEO.
- Board plans to retain a national search firm to identify permanent CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000110465922026154/0001104659-22-026154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000110465922026154/tm227471d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-026154

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