secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001760965-23-000030
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Brands announces retirement of CFO Rustin Welton, appoints Joe Alkire as successor
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- Rustin Welton retiring as EVP & CFO effective Aug 31, 2023; advisory role through year-end.
- Joe Alkire appointed EVP & CFO effective Aug 31, 2023; previously COO/CFO at BrüMate, VP at VF Corp.
- Alkire base salary $700k, target STI 75% of base, target LTI $1.275M; sign-on equity ~$1.6M + $200k cash.
- Alkire holds MBA from Chicago Booth, BS from Indiana Kelley; no family ties to executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096523000030/0001760965-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096523000030/ktb-20230821.htm
  HTML page:      https://secwatch.observer/filing/0001760965-23-000030

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