StockWatch
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Food Chains
Management ChangeApr 6, 2026, 04:26 PM

Krispy Kreme Announces Severance Agreement with Theresa Zandhuis for $782,908.64

AI Summary

Krispy Kreme, Inc. has entered into a severance agreement with Theresa Zandhuis, providing her with a total of $782,908.64, including severance pay and a COBRA coverage subsidy. A portion of her unvested Restricted Stock Units (RSUs) will vest on the separation date, subject to approval by the Compensation, Nomination, and Governance Committee.

Key Highlights

  • Theresa Zandhuis' last day of employment is March 31, 2026.
  • The severance includes $733,333.33 in severance pay and $49,575.31 for COBRA coverage.
  • A pro-rata portion of unvested RSUs will vest on the Separation Date, subject to committee approval.