Steven Madden Ltd. extends founder's contract to 2031 with salary increases; new CFO agreement with Zine Mazouzi

STEVEN MADDEN, LTD.

Founder Steven Madden’s employment extended through Dec 2031; base salary steps: $7.03M (2023-2026), $7.38M (2027-2028), $7.75M (2029-2031).
Madden receives annual restricted stock grants: $10M each for 2024-2026 and $9M each for 2027-2031.
CFO Zine Mazouzi new 3-year agreement from Jan 2024 with base salaries: $675K (2024), $700K (2025), $725K (2026).
Mazouzi gets restricted stock: $200K in Dec 2023 and $1M in Jan 2024, vesting 20% per year.
Mazouzi eligible for annual EPS-based bonus: max 90% of salary at 130% of EPS plan target.

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