leadership
confidence high
sentiment neutral
materiality 0.50
Christopher McCann returns from leave with reduced compensation; salary cut to $125k
1 800 FLOWERS COM INC
- Base salary reduced from $775,000 to $125,000 annually, comprised of $50k cash + $75k in restricted stock.
- Ineligible for bonus arrangements and long-term incentive plan effective Jan 1, 2024.
- Severance payment still calculated based on prior $775,000 base salary per employment agreement.
- McCann continues as Board member and subsidiary officer; no Good Reason termination rights for the change.