8-K
filed August 14, 2024, 7:59 PM ET
ticker VSCO
CIK 0001856437
leadership
confidence high
sentiment positive
materiality 0.80
Victoria's Secret names Hillary Super CEO; prelim Q2 results above guidance
Victoria's Secret & Co.
- Martin Waters terminated as CEO effective Aug 13; Hillary Super appointed CEO starting Sept 9.
- CFO Timothy Johnson serves as interim CEO from Aug 14 to Sept 8; no additional compensation.
- Prelim Q2 adjusted operating income $57-62M vs guidance $30-45M; adjusted EPS $0.34-0.39 vs $0.05-0.20.
- Net sales expected down 1-2% (prior guidance 1-3% decline); fourth consecutive sequential improvement.
- Super receives $1.2M base salary, 175% target bonus, $1M cash bonus, and equity awards totaling $13.45M.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Waters was terminated as Chief Executive Officer at Victoria's Secret & Co..
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
the Board of Directors of the Company (the “Board”) terminated Martin Waters as Chief Executive Officer (“CEO”) of the Company, effective as of August 13, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hillary Super was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Ms. Super was also appointed as a member of the Board, effective as of September 9, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hillary Super was appointed as Chief Executive Officer at Victoria's Secret & Co..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed Hillary Super as CEO, effective as of September 9, 2024, to succeed Mr. Waters.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Waters resigned as Director at Victoria's Secret & Co..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective as of August 12, 2024, Mr. Waters resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Johnson was appointed as Interim Chief Executive Officer at Victoria's Secret & Co..
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
the Board appointed Timothy Johnson, the Company’s Chief Financial and Administrative Officer, to serve as Interim CEO of the Company, effective as of August 14, 2024
View on SEC.gov
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