secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001193125-25-002892
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/0001193125-25-002892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000119312525002892/d174289d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-002892

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