secwatch.observer — SEC 8-K summary
======================================

Issuer:     Krispy Kreme, Inc. (DNUT)
CIK:        0001857154
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001857154-25-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Krispy Kreme sets CFO Duvivier's pay: $700K salary, 80% bonus target, $750K LTI
-------------------------------------------------------------------------------

- Raphael Duvivier (CFO effective July 11) gets $700K base, 80% bonus target, $750K FY2026 LTI target.
- Retention grants approved: CEO Joshua Charlesworth ~$1M, CFO ~$750K, CPO ~$600K in options/RSUs/PSUs.
- Options have 6-year term and 3-year cliff vesting; RSUs vest on 2nd anniversary; PSUs vest on 2026-2028 goals.
- H2 2025 cash bonus redesigned: eligible execs get higher of existing plan or new EBITDA/FCF-based target at 50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857154/000185715425000111/0001857154-25-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857154/000185715425000111/dnut-20250701.htm
  HTML page:      https://secwatch.observer/filing/0001857154-25-000111

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