Short answer
SHOE CARNIVAL INC (SCVL) filed an 8-K current report with the SEC on March 9, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Clifton Sifford appointed Interim CEO effective Feb 24, 2026 at $1M annual base salary plus $2,957/month stipend and $1,100/month auto allowance.
SHOE CARNIVAL INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Clifton Sifford appointed Interim CEO effective Feb 24, 2026 at $1M annual base salary plus $2,957/month stipend and $1,100/month auto allowance
- One-time RSU grant of 112,220 shares cliff-vesting March 31, 2027 tied solely to continued service: no performance hurdle
- Fiscal 2026 EICP tied to Adjusted Operating Income; Sifford eligible for 25%–175% of $1M salary based on performance
- Other executives (Jackson, Chilton, Gordon) received PSU + RSU grants; Chilton received largest equity award (27,048 PSUs / 18,032 RSUs)
- EICP extended five additional fiscal years; Compensation Committee gains flexibility to exclude "unanticipated material transactions" from bonus metrics
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