Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 17, 2022, the Board of Directors (the "Board") of Kontoor Brands, Inc.
(the "Company") appointed Thomas E. Waldron, the Company's Executive Vice
President and Global Brand President - Wrangler and Christopher Waldeck, the
Company's Executive Vice President and Global Brand President - Lee, as the
Company's Co-Chief Operating Officers, effective immediately. Mr. Waldron and
Mr. Waldeck will assume the Co-Chief Operating Officer responsibilities in
addition to their current roles with the Company.
Mr. Waldron, age 54, has served in his current role with the Company since its
spin-off from V.F. Corporation ("VF") in May 2019 (the "Spin-Off"). Prior to
such role, he was VF's Global Brand President - Wrangler since October 2018. He
previously served VF as President - Wrangler from March 2016 until October 2018,
Vice President - Mass Brands from July 2010 until March 2016, Vice President
General Manager - Wrangler Male Bottoms from July 2005 until July 2010, and
Merchandise Manager - Wrangler Men's from January 2003 until July 2005.
Mr. Waldeck, age 55, has served in his current role with the Company since the
Spin-Off. Prior to such role, he served as VF's Global Brand President, Lee and
Rock & Republic since October 2018. He previously served as VF's President - Lee
and Rock & Republic since May 2017. Before joining VF, Mr. Waldeck was with the
Adidas Group as Vice President, General Manager, Reebok USA from October 2013
until April 2017, Brand Director, Reebok Korea from May 2010 until October 2013
and Senior Director of Marketing for Equipment, Cleated Footwear from May 2004
until May 2010.
In connection with their appointments as the Company's Co-Chief Operating
Officers, no changes were made in the compensation arrangements of Mr. Waldron
or Mr. Waldeck, both of whom were named executive officers whose compensation
was disclosed in the definitive proxy statement for the Company's 2022 Annual
Meeting of Shareholders, which was filed with the Securities and Exchange
Commission on March 8, 2022.
The press release announcing the appointment of Mr. Waldron and Mr. Waldeck as
the Company's Co-Chief Operating Officers is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release issued by Kontoor Brands, Inc., dated March 17, 2022.
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