secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2026-06-30T20:20:43+00:00
Accession:  0001104659-26-079340
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lands' End appoints Charlie Cole as CEO, replacing Andrew McLean effective July 13, 2026
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- Charlie Cole appointed CEO and board member effective July 13, 2026; Andrew McLean steps down as CEO and resigns from board.
- Cole's compensation: $1.1M base salary, 125% target bonus, $550K cash signing bonus, $2.5M in equity inducement grants.
- Cole's severance: 2x base salary plus average bonus (2.5x upon change in control), 12-month non-compete.
- McLean separation: remains employee through Sept 11, 2026, then eligible for severance including 2x base salary plus average bonus and accelerated vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000110465926079340/0001104659-26-079340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000110465926079340/tm2619425d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-079340

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