Kontoor Brands enters separation agreement with departing EVP/Co-COO Christopher Waldeck

Kontoor Brands, Inc.

Christopher Waldeck stepped down as EVP, Co-COO, Global Brand President, Lee on March 19, 2024; will remain as non-executive through July 12, 2024.
Severance of $1,125,000 (18 months base salary) plus pro-rata AIP award for 2024, payable in biweekly installments over 18 months.
Waldeck will forfeit FY2024 equity grant; existing PSUs and RSUs vest per plan terms; continues financial counseling and exec health program through severance period.
Agreement includes release of claims, 18-month non-compete, non-solicitation of customers and employees, and confidentiality obligations.

item 5.02 item 9.01

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Departed

Christopher M. Waldeck

Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee

KTB · Kontoor Brands, Inc.

Effective: 2024-03-19
Filed: April 5, 2024, 7:59 PM ET

On March 19, 2024, as previously disclosed, Christopher M. Waldeck stepped down from his role as Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee of Kontoor Brands, Inc.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher M. Waldeck departed as Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee at Kontoor Brands, Inc..

Action: stepped down
Role: Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee

Exact text from the filing

On March 19, 2024, as previously disclosed, Christopher M. Waldeck stepped down from his role as Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee of Kontoor Brands, Inc.

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Source: SEC EDGAR

accession 0001760965-24-000026

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