Vera Bradley Inc.
10/01/2025 | Press release | Distributed by Public on 10/01/2025 15:05
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 1, 2025, Vera Bradley, Inc. (the "Company") announced that it's Chief Marketing Officer, Alison Hiatt will be leaving the Company on October 9, 2025. The Company entered into a Release and Waiver Agreement (the "Release Agreement") with Ms. Hiatt. The Release Agreement provides that Ms. Hiatt's employment with the Company will terminate on October 9, 2025 and that she will receive severance compensation, including base salary through the date of termination, accrued benefits under the terms of the Company's employee benefit plans, reimbursement of unreimbursed business expenses in accordance with Company policy, reimbursement of COBRA premiums for a period of up to 12 months (subject to Ms. Hiatt obtaining coverage under another group health plan), payments totaling $300,000 payable in 15 equal installments and an additional amount, if any, equal to 1.25 times the amount of the annual bonus Ms. Hiatt would have received under the Company's annual Cash Bonus Plan for the 2026 fiscal year, payable at the time payment is made to other Company executives under the Cash Bonus Plan. Additionally, Ms. Hiatt shall be treated as not having separated from Service for purposes of any stock awards made by the Company and shall be entitled to receive any shares that vest according to Executive's Award Agreements during that time period while payments are still being made by Company. In consideration of these severance benefits, Ms. Hiatt agrees to release the Company, its affiliates and certain other persons specified in the Release Agreement from all claims related to her employment or the termination thereof, subject to customary limitations set forth in the Release Agreement.
The foregoing summary of the Release Agreement does not purport to be complete and is qualified in its entirety by reference to the copy of the Release Agreement filed as Exhibit 10.1 to this Report.
Vera Bradley Inc. published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 01, 2025 at 21:05 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]