---
schema_version: "secwatch.filing_event.v1"
accession: "0001679273-24-000090"
form_type: "8-K"
ticker: "LW"
cik: "0001679273"
company_name: "Lamb Weston Holdings, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:39:03.046103+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lamb Weston appoints COO Michael J. Smith as CEO; Werner steps down effective Jan 3, 2025

## Summary
- Smith, currently COO, becomes President & CEO and Board member on Jan 3, 2025; succeeds Thomas P. Werner.
- Smith's annual base salary: $1M, target bonus 150% of base, LTIP target $5.25M starting FY2026.
- Werner will serve as Special Advisor through Aug 31, 2025, with base salary of $550K and prorated bonus.
- Werner's outstanding equity awards will fully vest under Normal Retirement; non-compete extended to 18 months.
- Transition and Separation Agreement signed Dec 23, 2024, includes release of claims and restrictive covenants.

## SEC filing metadata
- accession: 0001679273-24-000090
- form_type: 8-K
- ticker: LW
- cik: 0001679273
- company_name: Lamb Weston Holdings, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679273/000167927324000090/0001679273-24-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679273/000167927324000090/lw-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679273-24-000090
- JSON: https://secwatch.observer/filing/0001679273-24-000090.json
- Plain text: https://secwatch.observer/filing/0001679273-24-000090.txt

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