Kontoor Brands, Inc. Files Definitive Proxy Statement

Ticker: KTB · Form: DEF 14A · Filed: Mar 7, 2024 · CIK: 1760965

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Kontoor Brands, Executive Compensation, Shareholder Meeting

TL;DR

<b>Kontoor Brands, Inc. has filed its Definitive Proxy Statement for the period ending December 30, 2023.</b>

AI Summary

Kontoor Brands, Inc. (KTB) filed a Proxy Statement (DEF 14A) with the SEC on March 7, 2024. Kontoor Brands, Inc. filed a Definitive Proxy Statement on Schedule 14A. The filing covers the period ending December 30, 2023. The company's fiscal year ends on December 30. Kontoor Brands is incorporated in North Carolina. The filing includes information related to executive compensation and shareholder matters.

Why It Matters

For investors and stakeholders tracking Kontoor Brands, Inc., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, board nominations, and other matters to be voted on at the upcoming annual meeting. Understanding the details in this proxy statement is essential for shareholders to make informed voting decisions and exercise their corporate governance rights.

Risk Assessment

Risk Level: low — Kontoor Brands, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices without immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to assess potential impacts on company strategy and shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did Kontoor Brands, Inc. file this DEF 14A?

Kontoor Brands, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 7, 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 Kontoor Brands, Inc. (KTB).

Where can I read the original DEF 14A filing from Kontoor Brands, 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 Kontoor Brands, Inc..

What are the key takeaways from Kontoor Brands, Inc.'s DEF 14A?

Kontoor Brands, Inc. filed this DEF 14A on March 7, 2024. Key takeaways: Kontoor Brands, Inc. filed a Definitive Proxy Statement on Schedule 14A.. The filing covers the period ending December 30, 2023.. The company's fiscal year ends on December 30..

Is Kontoor Brands, Inc. a risky investment based on this filing?

Based on this DEF 14A, Kontoor Brands, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices without immediate financial or operational red flags.

What should investors do after reading Kontoor Brands, Inc.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to assess potential impacts on company strategy and shareholder value. The overall sentiment from this filing is neutral.

How does Kontoor Brands, Inc. compare to its industry peers?

Kontoor Brands operates in the Men's & Boys' Furnishings, Work Clothing, and Allied Garments industry.

Are there regulatory concerns for Kontoor Brands, Inc.?

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Kontoor Brands operates in the Men's & Boys' Furnishings, Work Clothing, and Allied Garments industry.

Regulatory Implications

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Analyze the compensation packages for named executive officers.
  2. Review proposals related to director elections and corporate governance.
  3. Understand any shareholder proposals and the company's recommendation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual shareholder meetings and typically follows previous filings of this nature.

Filing Stats: 4,756 words · 19 min read · ~16 pages · Grade level 11.9 · Accepted 2024-03-07 16:15:31

Filing Documents

Executive Compensation

Executive Compensation 3 1 Compensation Discussion and Analysis 3 1 Executive Summary 3 1 Summary of Compensation Philosophy 3 3 Compensation Program Elements 3 4 Governance of Our Compensation Programs 3 6 Results of 202 3 Shareholder Advisory Vote 3 6 Compensation Decision Making Process – Roles and Responsibilities 3 7 Committee Process for Determining Compensation 3 8 Components of Total Direct Compensation 3 9 Retirement and Other Benefits 4 6 Other Policies and Considerations 4 7 Tax and Accounting Implications 4 8 Executive Stock Ownership Guidelines 4 8 Talent and Compensation Committee Report 4 8 Summary Compensation Table for Fiscal 202 3 4 9 202 3 Grants of Plan-Based Awards 5 1 Outstanding Equity Awards at Fiscal Year-End 202 3 5 2 Stock Options 5 4 202 3 Option Exercises and Stock Vested 5 4 202 3 Nonqualified Deferred Compensation 5 5 Potential Payments Upon Change in Control, Retirement or Termination of Employment 5 6 Pay versus Performance Table 60 202 3 CEO Pay Ratio 6 2 202 3 Equity Compensation Plan Information Table 6 3

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 6 4 Common Stock Beneficial Ownership of Certain Beneficial Owners 6 4 Common Stock Beneficial Ownership of Management 6 5 Proposal No. 3 —Ratification of Appointment of Independent Registered Public Accounting Firm 6 6 Report of the Audit Committee 6 7 Proposal No. 4 —Approval of Named Executive Officer Compensation on a Non-Binding Advisory Basis ("Say-on-Pay Vote") 6 8 Additional Information 6 9 Solicitation of Proxies 6 9 Shareholder Proposals and Nominations for the 202 5 Annual Meeting of Shareholders 6 9 Householding 6 9 Other Matters 70 Appendix A A-1 Appendix B B-1 Proxy Statement Summary This summary highlights certain information about Kontoor Brands, Inc. (the "Company," "Kontoor," "we," "us" or "our") contained in this proxy statement ("Proxy Statement") but does not contain all the information that you should consider when casting your vote. Please review this entire Proxy Statement as well as our Annual Report for the fiscal year ended December 30, 2023 ("Annual Report") carefully before voting. Important Notice Regarding the Availabilty of Proxy Materials for the Shareholder Meeting to be held on April 18, 2024. This Proxy Statement and our Annual Report are available at www.proxyvote.com. General Information The Board of Directors of the Company (the "Board") is furnishing you this Proxy Statement to solicit proxies, on its behalf, to be voted at the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held on Thursday, April 18, 2024, at 11:00 a.m., Eastern Time, via the Internet at www.virtualshareholdermeeting.com/KTB2024, and at any adjournments or postponements thereof. The format of the Annual Meeting will be a virtual-only meeting. Shareholders will not be able to attend the Annual Meeting in person. We have designed the format of the Annual Meeting to ensure that shareholders are afforded similar rights and opport

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