Bath & Body Works, Inc. DEF 14A Filing

Ticker: BBWI · Form: DEF 14A · Filed: May 15, 2024 · CIK: 701985

Bath & Body Works, INC. DEF 14A Filing Summary
FieldDetail
CompanyBath & Body Works, INC. (BBWI)
Form TypeDEF 14A
Filed DateMay 15, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$656 million, $182 million, $149 million, $500 million, $150 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Bath & Body Works, Executive Compensation, Corporate Governance, Shareholder Meeting

TL;DR

<b>Bath & Body Works, Inc. files DEF 14A detailing executive compensation and corporate governance for the fiscal year ending June 27, 2024.</b>

AI Summary

Bath & Body Works, Inc. (BBWI) filed a Proxy Statement (DEF 14A) with the SEC on May 15, 2024. Bath & Body Works, Inc. filed a DEF 14A on 2024-05-15. The filing pertains to the fiscal year ending 2024-06-27. The company was formerly known as L Brands, Inc. until 2013-03-22. The company's principal business address is Three Limited Parkway, Columbus, OH 43230. The filing includes information related to executive compensation and equity awards for fiscal years 2020-2021.

Why It Matters

For investors and stakeholders tracking Bath & Body Works, Inc., this filing contains several important signals. This DEF 14A filing provides crucial details on executive compensation, stock awards, and board member information, which are key for shareholders to understand how management is incentivized and how the company is governed. Shareholders will use this information to vote on executive compensation plans and board nominations at the upcoming annual meeting, directly impacting corporate strategy and financial performance.

Risk Assessment

Risk Level: low — Bath & Body Works, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags or significant new information that would alter the company's risk profile.

Analyst Insight

Review the executive compensation details and voting proposals to inform shareholder decisions at the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did Bath & Body Works, Inc. file this DEF 14A?

Bath & Body Works, Inc. filed this Proxy Statement (DEF 14A) with the SEC on May 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Bath & Body Works, Inc. (BBWI).

Where can I read the original DEF 14A filing from Bath & Body Works, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Bath & Body Works, Inc..

What are the key takeaways from Bath & Body Works, Inc.'s DEF 14A?

Bath & Body Works, Inc. filed this DEF 14A on May 15, 2024. Key takeaways: Bath & Body Works, Inc. filed a DEF 14A on 2024-05-15.. The filing pertains to the fiscal year ending 2024-06-27.. The company was formerly known as L Brands, Inc. until 2013-03-22..

Is Bath & Body Works, Inc. a risky investment based on this filing?

Based on this DEF 14A, Bath & Body Works, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags or significant new information that would alter the company's risk profile.

What should investors do after reading Bath & Body Works, Inc.'s DEF 14A?

Review the executive compensation details and voting proposals to inform shareholder decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does Bath & Body Works, Inc. compare to its industry peers?

Bath & Body Works operates in the retail sector, specifically women's clothing stores, and this filing is a proxy statement related to its corporate governance and executive compensation.

Are there regulatory concerns for Bath & Body Works, Inc.?

This DEF 14A filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders regarding matters to be voted on at annual meetings.

Industry Context

Bath & Body Works operates in the retail sector, specifically women's clothing stores, and this filing is a proxy statement related to its corporate governance and executive compensation.

Regulatory Implications

This DEF 14A filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders regarding matters to be voted on at annual meetings.

What Investors Should Do

  1. Analyze executive compensation packages and equity awards for key personnel.
  2. Review proposals related to director elections and any other shareholder votes.
  3. Assess the company's corporate governance practices as outlined in the filing.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard proxy statement. Specific financial or operational performance data compared to the previous filing is not detailed within this document's header information.

Filing Stats: 4,510 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-05-15 16:31:50

Key Financial Figures

Filing Documents

Election of directors

Item 1. Election of directors Majority of votes cast FOR EACH NOMINEE 7

Ratification of the appointment of independent registered public accounting firm

Item 2. Ratification of the appointment of independent registered public accounting firm Majority of votes present in person or by proxy and voting thereon FOR 25

Advisory vote to approve named executive officer compensation

Item 3. Advisory vote to approve named executive officer compensation Majority of votes present in person or by proxy and voting thereon FOR 30 2024 Proxy Statement |Bath & Body Works, Inc. 1 Table of Contents Our Director Nominees (See Page 8) The following table provides summary information about the 10 director nominees the Board of Directors (the "Board") has nominated for election at our 2024 annual meeting of shareholders. Additional information about each nominee's background and experience can be found beginning on page 11 of this proxy statement. COMMITTEE MEMBERSHIPS NAME AND PRINCIPAL OCCUPATION AGE YEARS OF TENURE AC HCCC NGC EC Alessandro Bogliolo Independent Former CEO, Tiffany & Co. 59 2.1 Gina Boswell CEO, Bath & Body Works, Inc. 61 1.4 Lucy Brady Independent President, Snacks & Grocery, Conagra Brands, Inc. 54 1.2 Francis Hondal Independent Former President of Loyalty & Engagement, Mastercard, Inc. 59 3.1 Danielle Lee Independent Former President, Warner Music Artist & Fan Experiences, Warner Music Group Corp. 48 3.1 Sarah Nash Independent Chair of the Company's Board of Directors; CEO & Owner of Novagard Solutions 70 5.0 Juan Rajlin Independent Vice President & Treasurer, Alphabet Inc. 49 2.1 Stephen Steinour Independent Chairman, President & CEO, Huntington Bancshares Incorporated 65 10.2 J.K. Symancyk Independent President & CEO, PetSmart LLC 52 2.9 Steven Voskuil Independent Senior Vice President & CFO, The Hershey Company 55 1.2 AC Audit HCCC Human Capital & Compensation NGC Nominating & Governance EC Executive Committee Member Director Nominee Highlights Strong Board Diversity 5 of 10 Women* 3 of 10 Members of Underrepresented Communities* 90% of the Nominees Joined the Board in 2019 or Later 57 Average Age 3.2 Years Average Tenure * Mses. Boswell, Brady, Hondal, Lee and Nash are our female director nominees. Ms. Honda

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