---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249095"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:30:39.242905+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Symbotic CFO Tom Ernst to retire; Carol Hibbard named successor as CFO

## Summary
- CFO Thomas Ernst to retire effective Dec 15, 2023; will serve as consultant through Sep 28, 2024.
- Ernst receives $375k severance, $50k consulting fee, and continued equity vesting through consulting period.
- Carol Hibbard, former Boeing SVP & Controller, appointed CFO effective Dec 15, 2023.
- Hibbard base salary $600k, bonus target 85%, sign-on bonus $300k, equity award $10M.

## SEC filing metadata
- accession: 0001193125-23-249095
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/0001193125-23-249095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/d867865d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249095
- JSON: https://secwatch.observer/filing/0001193125-23-249095.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249095.txt

## Key facts
- Executive change
  Carol Hibbard was appointed as Chief Financial Officer and Treasurer at Symbotic Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On October 2, 2023, the Company announced the appointment of Carol Hibbard as Chief Financial Officer and Treasurer of the Company effective December 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/0001193125-23-249095-index.htm
- Executive change
  Thomas Ernst departed as Chief Financial Officer and Treasurer at Symbotic Inc..
  - Action: retire
  - Role: Chief Financial Officer and Treasurer
  source text: On October 2, 2023, Symbotic Inc. (the “Company”) announced that Thomas Ernst plans to retire as Chief Financial Officer and Treasurer of the Company, with his retirement to be effective on December 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/0001193125-23-249095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.