Krispy Kreme CGO & President International resigns; gets $800K severance, equity vesting

Krispy Kreme, Inc.

Matthew Spanjers resigns as Chief Growth Officer and President International; remains employee through March 31, 2025 Separation Date.
Severance payment of $800,000, COBRA coverage of $40,717, and outplacement services valued at $17,500.
Outstanding RSUs and PSUs vest pro rata based on days worked through Separation Date; details per Transition Agreement.
Transition follows previously disclosed leadership team changes; Spanjers bound by non-disparagement, confidentiality, and non-solicitation covenants.
Transition Agreement includes general release of claims and execution of Employment Termination Certificate post-Separation Date.

item 5.02 item 9.01

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Departed

Matthew Spanjers

Chief Growth Officer and President, International

DNUT · Krispy Kreme, Inc.

Effective: 2024-12-31
Filed: January 15, 2025, 6:59 PM ET

Mr. Spanjers has resigned from those positions but will remain an employee of and provide services to the Company through March 31, 2025 (the “Separation Date”), pursuant to an Agreement and General Release entered into on January 10, 2025 (the “Transition Agreement”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Spanjers resigned as Chief Growth Officer and President, International at Krispy Kreme, Inc..

Action: resigned
Role: Chief Growth Officer and President, International

Exact text from the filing

Mr. Spanjers has resigned from those positions but will remain an employee of and provide services to the Company through March 31, 2025 (the “Separation Date”), pursuant to an Agreement and General Release entered into on January 10, 2025 (the “Transition Agreement”).

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Krispy Kreme, Inc. filing history →

Source: SEC EDGAR

accession 0001857154-25-000005

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