---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010706"
form_type: "8-K"
ticker: "XELB"
cik: "0001083220"
company_name: "XCel Brands, Inc."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:21:58.837285+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Xcel Brands amends CEO and EVP agreements to pay 40% of base salary in stock through Dec 2025

## Summary
- CEO Robert D'Loren and EVP Seth Burroughs will receive 40% of base salary in common shares monthly from July 16, 2024 to Dec 31, 2025.
- Shares issued on the last day of each month; number = 40% of pro-rated monthly salary / closing price on last trading day.
- Executives may forfeit a portion of shares to cover withholding taxes.
- Other terms of the 2019 employment agreements remain unchanged.

## SEC filing metadata
- accession: 0001558370-24-010706
- form_type: 8-K
- ticker: XELB
- cik: 0001083220
- company_name: XCel Brands, Inc.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083220/000155837024010706/0001558370-24-010706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083220/000155837024010706/xelb-20240730x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010706
- JSON: https://secwatch.observer/filing/0001558370-24-010706.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010706.txt

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