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Torrid Holdings Inc.

04/03/2026 | Press release | Distributed by Public on 04/03/2026 14:01

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.
Appointment of Chief Commercial Officer
Effective April 1, 2026, the Board of Directors of Torrid Holdings Inc. (the "Company") appointed Ms. Ashlee Wheeler, age 41, as Chief Commercial Officer of the Company (the "Effective Date").
Ms. Wheeler most recently served as Chief Planning and Strategy Officer of the Company. Ms. Wheeler has been with Torrid for approximately 15 years in a variety of roles of increasing responsibility including merchandise planning, commercial planning, and inventory management. She was promoted to Chief Planning and Strategy Officer in June 2024. Prior to joining Torrid, Ms. Wheeler spent five years at Lucky Brand Jeans in Merchandising Planning.
In her role as the Chief Commercial Officer of the Company, Ms. Wheeler will be eligible to receive the following: (i) an initial annual base salary of $625,000, less required deductions and withholdings, (ii) equity grants as determined by the board of directors, and (iii) an annual cash bonus with a target opportunity equal to 75% of her base salary, less required deductions and withholdings; provided, that Ms. Wheeler's annual bonus in respect of fiscal year 2026 will be paid based on target achievement and prorated for her service during the 2026 fiscal year.
Ms. Wheeler is not a party to any arrangement or understanding regarding her selection as an officer. There are no family relationships between Ms. Wheeler and any director or executive officer of the Company. Ms. Wheeler is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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