Duluth Holdings amends CEO equity grant to $2.3M minimum; Chairman salary cut to $100k

DULUTH HOLDINGS INC.

CEO Pugliese receives one FY2026 equity grant of at least $2.3M fair value, vesting ratably over three years.
Chairman Schlecht's base salary reduced from $275k to $100k, effective March 16, 2026.
Schlecht's employment term extended through the 2028 annual shareholder meeting.
Schlecht retains bonus target of 50% of base salary and max bonus of 75% for FY2026-2028, prorated in FY2028.

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