DNUT · Krispy Kreme, Inc.

Krispy Kreme, Inc. strengthened its Board of Directors with the election of David Shear and Melissa Werneck, effective April 2, 2026. Both individuals were determined to be independent directors under NASDAQ listing standards. Ms. Werneck brings human capital expertise from her tenure as Global Chief People Officer at The Kraft Heinz Company, while Mr. Shear contributes international franchise experience from his time at Restaurant Brands International Inc. Their elections follow standard compensation practices for non-employee directors.

Concurrently, the company formalized an employment agreement with CFO Raphael Duvivier, effective March 31, 2026. The agreement secures Mr. Duvivier's continued service with a guaranteed minimum base salary of $700,000 and a target bonus of 80%. Notable provisions include immigration sponsorship support and specific expatriate benefits, such as annual travel reimbursements to Europe and tax preparation allowances for the initial three years. The agreement also establishes clear severance terms, providing 12 months of salary continuation and a $150,000 relocation allowance in the event of a qualifying termination, aligning executive incentives with retention goals during a period of leadership transition.