Hanesbrands Appoints New CFO, Details Compensation
| Field | Detail |
|---|---|
| Company | Hanesbrands Inc. |
| Form Type | 8-K |
| Filed Date | Apr 18, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: HBI
TL;DR
Hanesbrands names new CFO, Michael Johnson, with a $550K salary and $1.5M in stock.
AI Summary
Hanesbrands Inc. announced on April 18, 2025, that its Board of Directors appointed Michael B. R. Johnson as the new Chief Financial Officer, effective April 15, 2025. Johnson will receive an annual base salary of $550,000 and is eligible for an annual incentive award of up to 100% of his base salary. He will also receive a one-time grant of restricted stock units valued at $1,500,000.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $550,000 — CFO Annual Base Salary (New CFO Michael Johnson's starting salary.)
- 100% — CFO Incentive Potential (Maximum annual incentive award for the new CFO.)
- $1,500,000 — CFO Stock Grant (Value of the one-time restricted stock unit grant for the new CFO.)
Key Players & Entities
- Hanesbrands Inc. (company) — Registrant
- Michael B. R. Johnson (person) — Newly appointed Chief Financial Officer
- $550,000 (dollar_amount) — Annual base salary for new CFO
- 100% (dollar_amount) — Maximum annual incentive award for new CFO
- $1,500,000 (dollar_amount) — Value of one-time restricted stock unit grant for new CFO
- April 15, 2025 (date) — Effective date of CFO appointment
- April 18, 2025 (date) — Date of report
FAQ
Who has been appointed as the new Chief Financial Officer of Hanesbrands Inc.?
Michael B. R. Johnson has been appointed as the new Chief Financial Officer of Hanesbrands Inc.
When is the effective date of Michael B. R. Johnson's appointment as CFO?
The appointment of Michael B. R. Johnson as CFO is effective April 15, 2025.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Michael B. R. Johnson, is $550,000.
What is the potential annual incentive award for the new CFO?
The new CFO is eligible for an annual incentive award of up to 100% of his base salary.
What is the value of the one-time stock grant for the new CFO?
The new CFO will receive a one-time grant of restricted stock units valued at $1,500,000.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 18, 2025 by Michael B. R. Johnson regarding Hanesbrands Inc..