8-K - Lands' End, Inc. | StockGist

AI Analysis

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On March 5, 2026, the Board of Directors of Lands' End, Inc. approved transaction success bonuses for three executives—Andrew J. McLean, Bernard McCracken, and Peter L. Gray—contingent on the closing of the previously announced transaction with WH Topco, L.P. (d/b/a WHP Global). The bonuses are structured as retention payments payable in installments through December 31, 2027.

Key Takeaways

1The Board approved transaction success bonuses on March 5, 2026 for Andrew J. McLean, Bernard McCracken, and Peter L. Gray.

2Andrew J. McLean will receive a bonus equal to 2 times his annual base salary.

3Bernard McCracken and Peter L. Gray will each receive a bonus equal to 1.5 times their annual base salaries.

4Bonuses are contingent on the closing of the Transaction with WH Topco, L.P. (d/b/a WHP Global).

5Payment structure: 50% at closing, 25% on the one-year anniversary of closing, and 25% on December 31, 2027.

6Payment is subject to continued employment through the applicable dates or termination without 'cause' or for 'good reason'.

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connecti

Management Change

Executive & Director Changes

Andrew J. McLean

Executive

Grant of transaction success bonus

Effective: 2026-03-05

Bernard McCracken

Executive

Grant of transaction success bonus

Effective: 2026-03-05

Peter L. Gray

Executive

Grant of transaction success bonus

Effective: 2026-03-05

Exhibits (1)

8-K

FORM 8-K