secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056101
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Andrew Meslow to depart May 12; receives $7M severance, extended non-compete
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- CEO Andrew M. Meslow resigns effective May 12, 2022 due to health reasons.
- Severance: $7 million cash over 24 months plus health coverage for 24 months.
- Non-compete extended to 24 months globally; unvested equity forfeited (86k options, 123k RSUs, 1.3M PSUs).
- Transition agreement unanimously approved by Board; Meslow agrees to cooperate and release claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000110465922056101/0001104659-22-056101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000110465922056101/tm228755d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056101

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