Stitch Fix hires Matt Baer as CEO, effective June 26, 2023

Stitch Fix, Inc.

Matt Baer appointed CEO, effective June 26, 2023; also joins board as Class III director.
Annual base salary $850,000; target bonus 100% of base; signing bonus $400,000.
Equity awards: RSU for 1.1M shares and options for 2.2M shares, vesting over ~3 years.
Severance: 18 months base + target bonus + full equity acceleration upon change in control termination.
Baer previously Chief Customer and Digital Officer at Macy's.

item 5.02

Executive movements

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Appointed

Matt Baer

Class III member of the Board

SFIX · Stitch Fix, Inc.

Effective: 2023-06-26
Filed: June 16, 2023, 7:59 PM ET

and appointed Mr. Baer to serve as a Class III member of the Board, each effective upon Mr. Baer’s appointment as Chief Executive Officer.

Appointed

Matt Baer

Chief Executive Officer

SFIX · Stitch Fix, Inc.

Effective: 2023-06-26
Filed: June 16, 2023, 7:59 PM ET

On June 14, 2023, Stitch Fix, Inc. (the “Company”) announced the hiring of Matt Baer as Chief Executive Officer of the Company, effective June 26, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Baer was appointed as Class III member of the Board at Stitch Fix, Inc..

Action: appointed
Role: Class III member of the Board

Exact text from the filing

and appointed Mr. Baer to serve as a Class III member of the Board, each effective upon Mr. Baer’s appointment as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Baer was appointed as Chief Executive Officer at Stitch Fix, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On June 14, 2023, Stitch Fix, Inc. (the “Company”) announced the hiring of Matt Baer as Chief Executive Officer of the Company, effective June 26, 2023.

View on SEC.gov

Stitch Fix, Inc. filing history →

Source: SEC EDGAR

accession 0001576942-23-000075

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