---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-002892"
form_type: "8-K"
ticker: "CRI"
cik: "0001060822"
company_name: "CARTERS INC"
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T07:41:59.320870+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carter's CEO Michael Casey retires; CFO Westenberger named interim CEO; FY2024 outlook reaffirmed

## Summary
- Michael D. Casey, CEO & Chairman for 15+ years, retires effective Jan 3, 2025; will advise through Feb 28, 2025.
- CFO/COO Richard F. Westenberger appointed interim CEO; receives $110K monthly cash stipend plus $300K in quarterly RSUs.
- Lead Independent Director William J. Montgoris becomes Non-Executive Chairman; annual cash retainer of $150,000.
- Retention awards of $250K each granted to 8 senior executives, vesting 100% on first anniversary.
- Board retained Egon Zehnder for external CEO search; reaffirms FY2024 adjusted financial outlook.

## SEC filing metadata
- accession: 0001193125-25-002892
- form_type: 8-K
- ticker: CRI
- cik: 0001060822
- company_name: CARTERS INC
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/0001193125-25-002892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/d174289d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-002892
- JSON: https://secwatch.observer/filing/0001193125-25-002892.json
- Plain text: https://secwatch.observer/filing/0001193125-25-002892.txt

## Key facts
- Executive change
  Michael D. Casey retired as Chief Executive Officer & President and Chairman of the Board at CARTERS INC.
  - Action: retired
  - Role: Chief Executive Officer & President and Chairman of the Board
  source text: On January 3, 2025, Michael D. Casey, age 64, provided notice to the Board of Directors (the “Board”) of Carter’s, Inc. (the “Company”) of his decision to retire from his position as Chief Executive Officer & President of the Company (the “CEO”) and as Chairman of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/0001193125-25-002892-index.htm
- Executive change
  Richard F. Westenberger was appointed as Interim Chief Executive Officer at CARTERS INC.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On January 7, 2025, the Company announced the appointment of Richard F. Westenberger as Interim Chief Executive Officer, effective January 5, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/0001193125-25-002892-index.htm
- Executive change
  William J. Montgoris was appointed as Non-Executive Chairman of the Board at CARTERS INC.
  - Action: appointed
  - Role: Non-Executive Chairman of the Board
  source text: On January 7, 2025, the Company announced that William J. Montgoris, Lead Independent Director, has been appointed to serve as the Non-Executive Chairman of the Board, effective January 5, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/0001193125-25-002892-index.htm

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