CRACKER BARREL OLD COUNTRY STORE, INC 8K

Cracker Barrel Old Country Store, Inc. agreed to a CEO transition and separation package for President and CEO Julie Masino, including her August 10, 2026 leadership transition, October 9, 2026 employment end date, and substantial severance and equity treatment conditioned on restrictive covenants and a release of claims.

Cracker Barrel Old Country Store, Inc. entered into a Transition Agreement with its President and Chief Executive Officer, Julie Masino, dated July 26, 2026, under which she will cease serving as President and CEO and resign from the Board and all officer and director positions effective 12:01 a.m. on August 10, 2026, remain an employee through October 9, 2026 to assist with leadership transition, and in exchange for her transition services, release of claims, and compliance with extended non‑competition, non‑solicitation, confidentiality, and non‑disparagement covenants, she will receive continued base salary through the term, specified severance payments totaling $4,635,000 over two years, a fiscal 2026 annual incentive based on actual performance, continued welfare and protective services benefits for defined periods, and accelerated or prorated vesting of outstanding equity awards, subject to customary Section 409A, clawback, and forfeiture provisions if she breaches the agreement or is terminated for cause.

Filing Facts

CIK

1067294

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-086902

Alert Tier

8