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AI brief of an SEC Form 8-K · Carter's (CRI)

Carter's names Douglas Palladini CEO, effective April 3, 2025

Neutral Impact 4 of 5 leadership Written later

Carter's, Inc. appointed Douglas C. Palladini as Chief Executive Officer, President and a board member, effective April 3, 2025, replacing interim CEO Richard F. Westenberger, who will stay on as Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer. The filing sets Palladini's pay and an equity package, which ties part of his stock awards to share price growth hurdles, and it matters to shareholders as a change in the company's top executive.

Key points

  • Palladini's base salary is $1,200,000 per year, with an annual cash incentive target of 150%.
  • His sign-on equity grant has a grant date fair value of $7,000,000, split 50% time-based and 50% performance-based restricted stock.
  • Performance shares are earned at 30%, 60% and 90% share price growth hurdles over a three-year period.
  • Palladini previously served as Global Brand President of Vans, a subsidiary of V.F. Corporation, from July 2016 through March 2022.

The filing

CompanyCarter's (CRI)
Form8-K, current report
Filed with the SECMar 26, 2025, 4:16 PM ET
Accession number0001060822-25-000076

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 26, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.