secwatch.observer — SEC 8-K summary
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Issuer:     EXPRESS, INC. (—)
CIK:        0001483510
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001193125-23-232475
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Express names Stewart Glendinning as new CEO; reaffirms guidance
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- CEO Tim Baxter resigned effective Sept 15; Stewart Glendinning appointed CEO same day.
- Glendinning base salary $1.35M, target STI 150% of base, LTI target $4.2M; $2M make-whole bonus.
- Baxter severance: $1.35M base (12 monthly installments), actual STI, COBRA for 12 months.
- Company reaffirms guidance previously announced on Sept 6, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1483510/000119312523232475/0001193125-23-232475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1483510/000119312523232475/d457291d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-232475

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