Leslie's CFO Departs; Interim Appointed
Ticker: LESL · Form: 8-K · Filed: Aug 26, 2024 · CIK: 1821806
| Field | Detail |
|---|---|
| Company | Leslie'S, INC. (LESL) |
| Form Type | 8-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001, $11 billion, $4 billion, $2.5 billion, $850,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-departure
TL;DR
Leslie's CFO out, interim in. Search for permanent replacement underway.
AI Summary
Leslie's, Inc. announced on August 24, 2024, the departure of its Chief Financial Officer, Michael E. Moller. The company has appointed Steven J. Eason as the interim CFO. This change is effective immediately, and the company has initiated a search for a permanent CFO.
Why It Matters
A sudden CFO departure can signal internal challenges or strategic shifts, potentially impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — A change in CFO, especially an interim appointment, can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- Leslie's, Inc. (company) — Registrant
- Michael E. Moller (person) — Departing Chief Financial Officer
- Steven J. Eason (person) — Interim Chief Financial Officer
- August 24, 2024 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer of Leslie's, Inc.?
Steven J. Eason has been appointed as the interim Chief Financial Officer of Leslie's, Inc.
When was the departure of the Chief Financial Officer of Leslie's, Inc. effective?
The departure of the Chief Financial Officer was effective August 24, 2024.
What is the name of the departing Chief Financial Officer?
The name of the departing Chief Financial Officer is Michael E. Moller.
Is Leslie's, Inc. actively searching for a permanent CFO?
Yes, Leslie's, Inc. has initiated a search for a permanent Chief Financial Officer.
What is the principal executive office address for Leslie's, Inc.?
The principal executive office address for Leslie's, Inc. is 2005 East Indian School Road, Phoenix, Arizona 85016.
Filing Stats: 1,898 words · 8 min read · ~6 pages · Grade level 10.9 · Accepted 2024-08-26 16:09:29
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share LESL The Nasdaq Global Se
- $11 billion — omnichannel growth across the company's $11 billion portfolio, spearheaded billion-dollar o
- $4 billion — lobal network of 200 suppliers, oversaw $4 billion in inventory, and led a global team of
- $2.5 billion — y, he had full P&L responsibility for a $2.5 billion division encompassing the Frito-Lay and
- $850,000 — McDonell will receive a base salary of $850,000 and a target bonus of 100% of his salar
- $1,150,000 — icted stock units with a grant value of $1,150,000 in September 2024, which award will ves
- $350,000 — one-time sign-on bonus in the amount of $350,000, which will be paid to him on the first
- $30,000 — ion benefits in an amount not to exceed $30,000. Mr. McDonell will participate in the
- $44,000 — rain will receive total compensation of $44,000, starting on the Interim Effective Date
Filing Documents
- lesl-20240824.htm (8-K) — 58KB
- lesl-ex99_1.htm (EX-99.1) — 32KB
- img57390227_0.jpg (GRAPHIC) — 24KB
- 0000950170-24-100536.txt ( ) — 241KB
- lesl-20240824.xsd (EX-101.SCH) — 23KB
- lesl-20240824_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 26, 2024, the Company issued a press release announcing the leadership changes described above and reaffirming its outlook for the full year of fiscal 2024 consistent with the outlook provided on August 7, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in this Current Report on Form 8-K, under Item 7.01 and Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the " Exchange Act ") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Leslie's, Inc., dated August 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 thereunto duly authorized. LESLIE'S, INC. Date: August 26, 2024 By: /s/ Scott Bowman Name: Title: Scott Bowman Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)