Flowers Foods amends and restates Change of Control Plan for executives
Flowers Foods' Compensation and Human Capital Committee approved an amended and restated Change of Control Plan on November 13, 2025, covering the company's named executive officers. The changes adjust severance terms, medical payment calculations, and definitions, and move restrictive covenants into a separate separation agreement. The filing does not give any dollar amounts for the changes.
Key points
- Committee approved the amendment and restatement on November 13, 2025; all named executive officers in the April 8, 2025 proxy statement participate in the plan
- Adds a prorated target-level bonus for the year of termination as an additional severance payment
- Medical lump sum equals monthly COBRA amount multiplied by the greater of 18 or the severance multiple times 12
- Restrictive covenants moved to a separation agreement that participants must sign to receive severance
The filing
Written by AI on Nov 8, 2026, 6:58 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 November 19, 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.