other material
confidence high
sentiment neutral
materiality 0.40
a.k.a. Brands enters employment agreement with CLO & Head of People Kenneth C. White
A.K.A. BRANDS HOLDING CORP.
- Agreement effective June 6, 2022; initial 4-year term with automatic 1-year renewals.
- Base salary $350,000 (increased to $360,500 on March 30, 2023); target bonus 40% of base.
- Severance on termination w/o cause: 4 months base salary + COBRA; subject to release.
- Restrictive covenants: perpetual confidentiality, non-competition during employment, 1-year non-solicit post-termination.
- Indemnification agreement to follow form filed with S-1 registration statement.