secwatch.observer — SEC 8-K summary
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Issuer:     Duckhorn Portfolio, Inc. (—)
CIK:        0001835256
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001835256-23-000023
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duckhorn appoints Jennifer Fall Jung as CFO, effective June 19, 2023
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- Jennifer Fall Jung joins from Funko, where she was CFO until Feb 2023; she succeeds Lori Beaudoin who is retiring.
- Base salary of $500,000 and target annual bonus of 60% of base salary (fiscal 2024).
- Initial equity grant: RSUs valued at $112,500 and option to purchase 3x the RSU shares, subject to compensation committee approval.
- Outgoing CFO Beaudoin (14-year tenure) leaves after leading the company through its IPO and acquisitions of Kosta Browne and Calera.
- Beaudoin will serve as CFO until June 16, 2023; Fall Jung begins June 19, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835256/000183525623000023/0001835256-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835256/000183525623000023/napa-20230523.htm
  HTML page:      https://secwatch.observer/filing/0001835256-23-000023

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