Shoe Carnival names Mark Worden CEO; Sifford becomes Vice Chairman with new comp

SHOE CARNIVAL INC

Mark Worden succeeded Clifton Sifford as President & CEO effective Sept 30, 2021.
Worden's annual base salary set at $700,000; eligible for incentive bonus.
Upon termination without cause or for good reason, Worden gets 150% of base salary plus target bonus.
Cliff Sifford continues as executive Vice Chairman with $300,000 annual comp ($150k cash + $150k equity) from 2022.
Worden's non-competition period extended from one year to 18 months under amended agreement.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Clifton E. Sifford

Vice Chairman

SCVL · SHOE CARNIVAL INC

Effective: 2021-09-30
Filed: October 5, 2021, 7:59 PM ET

Mr. Sifford continues to serve in the role of Vice Chairman of the Company’s Board of Directors

Appointed

Mark J. Worden

President and Chief Executive Officer

SCVL · SHOE CARNIVAL INC

Effective: 2021-09-30
Filed: October 5, 2021, 7:59 PM ET

Mark J. Worden, the Company’s President and Chief Customer Officer, succeeded Clifton E. Sifford as the Company’s President and Chief Executive Officer

Appointed

Mark J. Worden

Director

SCVL · SHOE CARNIVAL INC

Effective: 2021-09-30
Filed: October 5, 2021, 7:59 PM ET

the Board also appointed Mr. Worden to serve as a member of the Board, effective upon his becoming the Company’s President and Chief Executive Officer on September 30, 2021

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.85

Clifton E. Sifford changed role as Vice Chairman at SHOE CARNIVAL INC.

Action: continues
Role: Vice Chairman

Exact text from the filing

Mr. Sifford continues to serve in the role of Vice Chairman of the Company’s Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark J. Worden was appointed as President and Chief Executive Officer at SHOE CARNIVAL INC.

Action: succeeded
Role: President and Chief Executive Officer

Exact text from the filing

Mark J. Worden, the Company’s President and Chief Customer Officer, succeeded Clifton E. Sifford as the Company’s President and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark J. Worden was appointed as Director at SHOE CARNIVAL INC.

Action: appointed
Role: Director

Exact text from the filing

the Board also appointed Mr. Worden to serve as a member of the Board, effective upon his becoming the Company’s President and Chief Executive Officer on September 30, 2021

View on SEC.gov

SHOE CARNIVAL INC filing history →

Source: SEC EDGAR

accession 0001564590-21-050167

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