Management ChangeJun 24, 2026, 09:21 AM
Freshpet Co-Founder & President Scott Morris to Retire
AI Summary
Freshpet, Inc. announced that Scott Morris, co-founder and President, will retire effective October 20, 2026. Mr. Morris will transition to an advisory role for 18 months, receiving bi-weekly payments of $38,904, and his unvested restricted stock units will vest upon his separation. Nicola Baty, the current Chief Operating Officer, will assume the additional role of President on the same date, ensuring a smooth leadership transition for the company.
Key Highlights
- Scott Morris, co-founder and President, will retire effective October 20, 2026.
- Mr. Morris will serve as an advisor for 18 months post-retirement.
- He will receive bi-weekly payments of $38,904 during his advisory period.
- All outstanding unvested restricted stock units will vest on the Separation Date.
- Performance stock units will vest pro rata through December 2026, subject to performance.
- Mr. Morris will receive a pro rata portion of his 2026 annual bonus.
- Nicola Baty, current COO, will assume the additional role of President on October 20, 2026.
Price Impact
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