secwatch.observer — SEC 8-K summary
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Issuer:     1 800 FLOWERS COM INC (FLWS)
CIK:        0001084869
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001437749-24-000106
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Christopher McCann returns from leave with reduced compensation; salary cut to $125k
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084869/000143774924000106/0001437749-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084869/000143774924000106/flws20231228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000106

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