secwatch.observer — SEC 8-K summary
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Issuer:     MONRO, INC. (MNRO)
CIK:        0000876427
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001193125-25-307525
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monro signs CEO Peter Fitzsimmons to 3-year contract; appoints to Board
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- Fitzsimmons now permanent CEO under 3-year contract; prior AlixPartners engagement cost Monro ~$18.5M through Nov 2025.
- Base salary $900k, target bonus 100% base, sign-on bonus $200k; equity awards valued at ~$5M including PSUs.
- Performance-vesting PSUs vest based on Dec 2027 stock price: 0% below $25, 100% at $30, up to 200% at $40+.
- Fitzsimmons appointed to Board of Directors and Executive Committee effective immediately.
- Employment agreement initial term through Dec 31, 2027, auto-renews annually unless notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876427/000119312525307525/0001193125-25-307525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876427/000119312525307525/d77368d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-307525

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