Highest-materiality recent filing
Krispy Kreme Q1 adjusted EBITDA up 38%; positive free cash flow; refranchises Japan and Western JV
Net revenue $367M (-2.2% YoY); GAAP net loss improved to $22.7M from $33.4M.
Krispy Kreme finalizes CPO Theresa Zandhuis's retirement terms with $782,909 severance package
Separation includes 16 months' base salary of $733,333 plus $49,575 in COBRA premiums.
David Shear (ex-RBI international president) and Melissa Werneck (ex-Kraft Heinz CPO) elected to board, effective April 2, 2026.
Krispy Kreme refranchises Western US JV and sells Japan ops for ~$160M total proceeds
WKS Restaurant Group increases Western JV stake from 45% to 80%; total payable ~$90M (approx $50M cash at close plus note).
Krispy Kreme Q4 adjusted EBITDA up 21% to $55.6M; full year net loss $523.8M
Q4 net revenue $392.4M (-2.9% YoY); organic revenue down 3.9% on underperforming door closures.
Krispy Kreme CPO Theresa Zandhuis to retire March 31, 2026; director Gordon von Bretten resigns
Theresa Zandhuis, Chief People Officer, retiring effective March 31, 2026; transition includes 12-month base salary of $550k.
Krispy Kreme sells Japan operations to Unison Capital for ~$65M
Expected cash proceeds ~$65M, subject to FY2025 Japan EBITDA adjustments.
Krispy Kreme Q3 net loss $20M, but adjusted EBITDA +17%; turnaround showing progress
Net revenue $375.3M, down 1.2% YoY; organic revenue +0.6%.
Krispy Kreme appoints Joseph Esposito as CAO; Kelly McBride resigns
Kelly McBride resigns as Chief Accounting Officer effective Sept 12, 2025 to pursue another opportunity; no disagreement with company.
Krispy Kreme Q2 net loss $441M; announces turnaround plan after McDonald's partnership end
Net loss of $441.1M including $406.9M in non-cash goodwill/asset impairments; diluted loss per share $2.55.
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.
CFO Jeremiah Ashukian resigns effective July 11, 2025; not due to any disagreement with the Company.
Krispy Kreme and McDonald's USA end partnership effective July 2, 2025
Partnership ends July 2, 2025; Krispy Kreme cites unsustainable costs despite reaching ~2,400 McDonald's restaurants.
Krispy Kreme shareholders re-elect all nine directors at annual meeting
All nine director nominees elected; David Deno received highest votes (113.4M for, 0.5M against).
Krispy Kreme sells remaining Insomnia Cookies stake for $75M cash; debt paydown planned
Sold remaining common units in Insomnia Cookies to existing shareholders and the company on June 10, 2025.
Krispy Kreme Q1 net revenue $375.2M, net loss $33.4M; EBITDA down 59% YoY
Net revenue $375.2M, down 15.3% YoY; organic revenue down 1.0% to $374.7M.
Krispy Kreme nominates four new directors, including Bernardo Hees, for board refresh
New nominees: Bernardo Hees (ex-Kraft Heinz CEO), Patrick Grismer (ex-Starbucks CFO), Easwaran Sundaram, Gordon von Bretten.
Krispy Kreme nominates four new directors including Hees; six incumbents not renominated
New nominees: Bernardo Hees (ex-Kraft Heinz CEO), Patrick Grismer, Easwaran Sundaram, Gordon von Bretten.
Krispy Kreme appoints Nicola J. Steele as Chief Operating Officer effective March 3, 2025
Nicola J. Steele appointed COO; previously President of Krispy Kreme Australia/New Zealand.
Krispy Kreme Q4 net loss $22.2M, revenue down 10.4% YoY; introduces 2025 guidance
Q4 net revenue $404.0M (-10.4% YoY); organic revenue +1.8% but hurt by ~280 bps from cybersecurity incident.
Krispy Kreme CGO & President International resigns; gets $800K severance, equity vesting
Matthew Spanjers resigns as Chief Growth Officer and President International; remains employee through March 31, 2025 Separation Date.
Krispy Kreme reports cyber incident on Nov 29; operations impacted, costs expected material
Unauthorized activity detected Nov 29; investigation ongoing with external cybersecurity experts.
Krispy Kreme Chief Growth Officer Matthew Spanjers to resign effective Dec 31, 2024
Matthew Spanjers resigns as Chief Growth Officer and President, International.
Krispy Kreme Q3 2024 revenue down 6.8% to $379.9M; adjusted EBITDA down 20.7%
Organic revenue grew 3.5% to $376.4M; GAAP net income $37.6M from Insomnia Cookies sale gain.
Krispy Kreme Q2 revenue up 7.3% to $438.8M; GAAP net loss $4.9M, adjusted EBITDA +12.1%
Net revenue $438.8M, up 7.3% YoY; organic revenue $440.2M, up 7.8%.
Krispy Kreme sells majority stake of Insomnia Cookies for $350M enterprise value
Sale of majority stake of Insomnia Cookies for $350M enterprise value, double the 2018 acquisition price.
All 11 director nominees elected with strong support; highest 'against' vote was 13.2M for Marissa Andrada.
Krispy Kreme Q1 revenue +5.7% to $442.7M; GAAP net loss of $6.7M; reaffirms FY guidance
Net revenue $442.7M, up 5.7% YoY; organic revenue +6.7% to $440.9M.
Effective March 3, 2025, Nicola J. Steele, 38, has been appointed to serve as the Chief Operating Officer of Krispy Kreme, Inc.
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”).
On November 7, 2024, Matthew Spanjers informed Krispy Kreme, Inc. (the “Company”) that he intends to resign from his position as Chief Growth Officer and President, International of the Company effective on or about December 31, 2024.
Max materiality 0.85 · Median 0.65 · Most common event leadership