secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001104659-22-032946
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bath & Body Works CEO Andrew Meslow to step down in May; Sarah Nash gets $18M RSU award as Interim CEO
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- CEO Andrew Meslow will step down effective May 12, 2022 due to health reasons; remains CEO through that date.
- Board Chair Sarah E. Nash appointed Executive Chair from Feb 22, 2022 and Interim CEO from May 12, 2022.
- Nash granted $18M restricted stock unit award (374,376 shares) vesting in three equal annual installments subject to continued service.
- Stephen D. Steinour appointed Interim Lead Independent Director by the Board.
- Nash may receive additional base salary and short-term incentive compensation, to be determined later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000110465922032946/0001104659-22-032946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000110465922032946/tm225370d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-032946

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