Tom Wyatt returns as CEO of KinderCare effective Dec. 2, 2025; Paul Thompson steps down

KinderCare Learning Companies, Inc.

Wyatt, previously CEO from 2012-2024 and current Board Chair, resumes CEO role and remains Chair.
Ex-CEO Paul Thompson resigned from the Board and will stay as non-executive employee through Dec. 31.
Wyatt's base salary set at $975,000; eligible for annual STIP target ≥110% and 2026 equity grants ≥$4.25M.
Thompson receives separation benefits per 2015 employment agreement and Severance Policy, including 2023-2025 LTIP payment if goals met.
Wyatt does not participate in Severance Policy or Change in Control Severance Plan; equity vests over 4 years.

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