Short answer
LANDS' END, INC. (LE) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Charlie Cole becomes CEO and director July 13, 2026, replacing Andrew McLean, who leaves the Board and officer role.
LANDS' END, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Charlie Cole becomes CEO and director July 13, 2026, replacing Andrew McLean, who leaves the Board and officer role
- Cole receives $1.1M base salary, 125% target bonus, and $2.5M inducement equity awards
- Cole’s fiscal 2027 target long-term incentive opportunity starts at no less than $3.025M
- McLean remains a non-officer employee through September 11, 2026, with severance and accelerated equity vesting
- Leadership transition increases near-term compensation and severance costs while shifting strategy toward digital commerce and AI expertise
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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