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

Carter's names Sharon Price John CEO effective June 15, reaffirms 2026 outlook

Neutral Impact 4 of 5 leadership Written later

Carter's appointed Sharon Price John, former Build-A-Bear Workshop CEO, as Chief Executive Officer and President effective June 15, 2026, and she will join the Board. Douglas C. Palladini left the CEO role and the Board effective April 28, 2026, and CFO and COO Richard F. Westenberger is serving as interim CEO. The company also reaffirmed its first quarter and full-year fiscal 2026 outlook first given on February 27, 2026, and will report first quarter results on May 6, 2026.

Key points

  • Sharon Price John starts as CEO and President on June 15, 2026, with a base salary of $1.3 million and a target annual cash bonus of 175%
  • John receives a $6.5 million sign-on equity grant and a one-time cash bonus of $500,000 within 30 days of her start date
  • Douglas C. Palladini departed as CEO, President and director effective April 28, 2026, and is eligible for severance
  • Richard F. Westenberger is interim CEO and President at a monthly cash stipend of $110,000, and the outlook from February 27, 2026 was reaffirmed

The filing

CompanyCarter's (CRI)
Form8-K, current report
Filed with the SECMay 1, 2026, 4:16 PM ET
Accession number0001193125-26-201479

Items reported: 2.02 Results of Operations5.02 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 May 01, 2026.

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.