Steven Madden signs new 3-year contract for President Varela; Sinha becomes part-time EVP Ops

STEVEN MADDEN, LTD.

President Varela new 3-yr agreement (Jan 2023-Dec 2025): base salaries $775k (2023), $800k (2024), $825k (2025).
Varela receives $1.1M restricted stock grant on Jan 3, 2023, vesting 25% annually over 4 years.
President Varela eligible for EBIT-based annual bonus: 30% salary at threshold, 50% at target, 80% at max.
Awadhesh Sinha becomes EVP Operations, part-time (2-3 days/wk), base salary $400k for 2023, discretionary bonus.

item 5.02 item 9.01

Executive movements

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Role change

Awadhesh Sinha

Executive Vice President of Operations

SHOO · STEVEN MADDEN, LTD.

Effective: 2023-01-01
Filed: December 23, 2022, 6:59 PM ET

Under the Second Sinha Amendment, effective January 1, 2023, Mr. Sinha will become Executive Vice President of Operations for the Company and will be required to devote not more than three days per week to such executive-level duties as are reasonably assigned to him by our Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Awadhesh Sinha was appointed as Executive Vice President of Operations at STEVEN MADDEN, LTD..

Action: appointed
Role: Executive Vice President of Operations

Exact text from the filing

Under the Second Sinha Amendment, effective January 1, 2023, Mr. Sinha will become Executive Vice President of Operations for the Company and will be required to devote not more than three days per week to such executive-level duties as are reasonably assigned to him by our Chief Executive Officer.

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Source: SEC EDGAR

accession 0001493152-22-036484

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