secwatch.observer — SEC 8-K summary
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Issuer:     Stitch Fix, Inc. (SFIX)
CIK:        0001576942
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001576942-23-000075
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000075/0001576942-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576942/000157694223000075/sfix-20230613.htm
  HTML page:      https://secwatch.observer/filing/0001576942-23-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer