Lands' End CFO Departs; Interim Appointed
Ticker: LE · Form: 8-K · Filed: Oct 7, 2024 · CIK: 799288
| Field | Detail |
|---|---|
| Company | Lands' End, INC. (LE) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo, severance
TL;DR
Lands' End CFO out, interim in. McCracken gets $1M severance.
AI Summary
Lands' End, Inc. announced on October 2, 2024, the departure of its Chief Financial Officer, Bernard McCracken, effective October 1, 2024. The company has appointed James S. Gooch as interim CFO. McCracken will receive a severance payment of $1,000,000 and continued health benefits for a specified period.
Why It Matters
The sudden departure of a CFO can signal internal challenges or strategic shifts, potentially impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — CFO departures can indicate underlying business issues or strategic disagreements, creating uncertainty for investors.
Key Numbers
- $1,000,000 — Severance Payment (Amount to be paid to Bernard McCracken upon his departure.)
Key Players & Entities
- Lands' End, Inc. (company) — Registrant
- Bernard McCracken (person) — Departing Chief Financial Officer
- October 2, 2024 (date) — Date of Report
- October 1, 2024 (date) — Effective date of departure
- James S. Gooch (person) — Interim Chief Financial Officer
- $1,000,000 (dollar_amount) — Severance payment to Bernard McCracken
FAQ
What is the effective date of Bernard McCracken's departure?
Bernard McCracken's departure was effective October 1, 2024.
Who has been appointed as the interim CFO?
James S. Gooch has been appointed as the interim Chief Financial Officer.
What is the severance package for Bernard McCracken?
Bernard McCracken will receive a severance payment of $1,000,000 and continued health benefits.
What is the date of this 8-K filing?
This 8-K filing was made on October 7, 2024, reporting events as of October 2, 2024.
What is the primary business of Lands' End, Inc.?
Lands' End, Inc. is in the retail-family clothing stores industry.
Filing Stats: 427 words · 2 min read · ~1 pages · Grade level 11.7 · Accepted 2024-10-07 16:37:10
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share LE The Nasdaq Stock Marke
Filing Documents
- le-20241002.htm (8-K) — 46KB
- 0000950170-24-113248.txt ( ) — 159KB
- le-20241002.xsd (EX-101.SCH) — 27KB
- le-20241002_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LANDS' END, INC. Date: October 7, 2024 By: /s/ Peter L. Gray ________________________ . Name: Peter L. Gray Title: President, Lands' End Licensing, Chief Administrative Officer and General Counsel