---
schema_version: "secwatch.filing_event.v1"
accession: "0001495320-22-000031"
form_type: "8-K"
ticker: "VRA"
cik: "0001495320"
company_name: "Vera Bradley, Inc."
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T09:57:01.799180+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vera Bradley CEO Robert Wallstrom to retire; $25M annual cost cuts announced

## Summary
- President and CEO Robert Wallstrom to retire; will remain until successor named, expected by early 2023.
- Board conducting national search; internal and external candidates considered.
- Company identifies ~$25M in annualized cost reductions, fully implemented by FY ending Feb 3, 2024.
- Some cost savings in FY2023; guidance previously issued includes portion of reductions.
- Wallstrom led since 2013, oversaw Pura Vida acquisition and B Corp certification.

## SEC filing metadata
- accession: 0001495320-22-000031
- form_type: 8-K
- ticker: VRA
- cik: 0001495320
- company_name: Vera Bradley, Inc.
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495320/000149532022000031/0001495320-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495320/000149532022000031/vra-20220721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495320-22-000031
- JSON: https://secwatch.observer/filing/0001495320-22-000031.json
- Plain text: https://secwatch.observer/filing/0001495320-22-000031.txt

## Key facts
- Executive change
  Robert Wallstrom departed as President and Chief Executive Officer at Vera Bradley, Inc..
  - Action: announced retirement
  - Role: President and Chief Executive Officer
  source text: On July 21, 2022, the Company announced the planned retirement of Robert Wallstrom, President and Chief Executive Officer of Vera Bradley, Inc. (the "Company").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495320/000149532022000031/0001495320-22-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.