0001857154-26-000020
SEC filingKrispy Kreme, Inc. disclosed the retirement of Chief People Officer Theresa Zandhuis effective March 31, 2026, with a separation agreement providing $733,333.33 in base salary continuation and pro rata equity vesting.
The departure of Theresa Zandhuis as Chief People Officer represents a planned retirement with an orderly internal succession, minimizing disruption to HR functions. The Separation Agreement, executed post-retirement on April 1, 2026, incentivizes transition support through January 29 to March 31, 2026, via substantial severance equivalent to over a year of base pay plus benefits. Pro rata equity vesting aligns her interests through the exit date, with accelerated options providing liquidity at $14.61 strike, while forfeiture of the 2025 retention award enforces retention terms. Customary release of claims and covenants protect the company, standard for executive separations.