Carter's 8-K: Executive Compensation Arrangements Updated
Ticker: CRI · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1060822
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K, officer-changes
TL;DR
**Carter's just updated executive pay arrangements, watch for impact on management incentives and costs.**
AI Summary
Carter's, Inc. filed an 8-K on January 12, 2024, reporting an event that occurred on January 8, 2024, related to changes in its executive compensation arrangements. This filing, under Item 5.02, indicates potential shifts in how certain officers are compensated, which could impact the company's financial performance and executive retention. For investors, understanding these compensatory changes is crucial as they can influence management's incentives and the company's overall cost structure.
Why It Matters
Changes in executive compensation can signal shifts in company strategy or financial health, directly impacting shareholder value through executive incentives and operational costs.
Risk Assessment
Risk Level: medium — Changes in executive compensation can introduce both opportunities and risks, depending on the specifics of the new arrangements and their alignment with shareholder interests.
Analyst Insight
Investors should monitor subsequent filings or press releases for specific details regarding the compensatory arrangements mentioned in Item 5.02 to assess their potential impact on the company's financial health and executive performance incentives.
Key Players & Entities
- Carter's, Inc. (company) — the registrant filing the 8-K
- January 8, 2024 (date) — date of the earliest event reported
- January 12, 2024 (date) — date the 8-K was filed
- 001-31829 (other) — Commission File Number for Carter's, Inc.
- Delaware (other) — State of incorporation for Carter's, Inc.
- Phipps Tower, 3438 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326 (other) — principal executive offices address
- 678-791-1000 (other) — Registrant's telephone number
- Common stock, par value $0.01 per share (other) — class of securities registered
- CRI (other) — Trading Symbol on the New York Stock Exchange
FAQ
What specific items were reported in this 8-K filing by Carter's, Inc.?
The 8-K filing by Carter's, Inc. reported information under Item 5.02, specifically 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' and Item 9.01, 'Financial Statements and Exhibits'.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 8, 2024.
What is the trading symbol and exchange for Carter's, Inc. common stock?
Carter's, Inc. common stock trades under the symbol 'CRI' on the New York Stock Exchange.
What is the business address of Carter's, Inc. as stated in the filing?
The business address of Carter's, Inc. is Phipps Tower, 3438 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326.
What is the significance of Item 5.02 in an 8-K filing for investors?
Item 5.02, 'Compensatory Arrangements of Certain Officers,' is significant for investors because it discloses changes to executive compensation, which can impact the company's expenses, executive motivation, and overall governance, thereby influencing shareholder value.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-12 06:52:51
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share CRI New York Stock Exchange
Filing Documents
- cri-20240108.htm (8-K) — 37KB
- cri-ex9912024jan12pressrel.htm (EX-99.1) — 12KB
- image_0.jpg (GRAPHIC) — 19KB
- 0001060822-24-000002.txt ( ) — 211KB
- cri-20240108.xsd (EX-101.SCH) — 2KB
- cri-20240108_lab.xml (EX-101.LAB) — 26KB
- cri-20240108_pre.xml (EX-101.PRE) — 13KB
- cri-20240108_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 99.1 Press Release Dated January 12, 2024 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL Signature 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. Date: January 12, 2024 CARTER'S, INC. By: /s/ Antonio D. Robinson Name: Antonio D. Robinson Title: Senior Vice President, General Counsel, Corporate Secretary, CSR & Chief Compliance Officer