Krispy Kreme Finalizes Chief People Officer's Departure Terms, Including $783K Severance

summarizeSummary

Krispy Kreme finalized the separation terms for its Chief People Officer, Theresa Zandhuis, including a $782,908.64 severance package and pro-rata equity vesting, amending a prior disclosure.

check_boxKey Events

• Finalized CPO Separation Terms

  This 8-K/A amends the original 8-K filed on February 4, 2026, to reflect the final terms of Chief People Officer Theresa Zandhuis's separation from the company, effective March 31, 2026.

• Severance Package Details

  Ms. Zandhuis will receive 16 months of base salary ($733,333.33) and 12 months of grossed-up COBRA coverage premiums ($49,575.31), totaling $782,908.64 in cash severance.

• Equity Vesting and Forfeiture

  Certain outstanding equity awards will vest on a pro-rata basis through the separation date, while a retention award granted on July 14, 2025, will be forfeited. Vested stock options have an exercise price of $14.61 and expire 90 days post-separation.

• Restrictive Covenants

  The separation agreement includes customary restrictive covenants, such as non-disparagement, confidentiality, and non-solicitation of employees and customers for one year.

auto_awesomeAnalysis

This amended 8-K provides the final, material terms of the separation agreement for Theresa Zandhuis, the Chief People Officer, whose retirement was previously announced on February 4, 2026. The agreement details a cash severance package totaling $782,908.64, comprising 16 months of base salary and 12 months of COBRA coverage premiums. Additionally, certain outstanding equity awards will vest on a pro-rata basis through the separation date, while a retention award granted in July 2025 will be forfeited. The agreement also includes standard restrictive covenants such as non-solicitation of employees and customers for one year, and confidentiality clauses. This filing adds crucial financial specifics to the previously disclosed executive transition.