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Bed Bath & Beyond (BBBY) hires Jill Windrum as chief accounting and deputy finance head

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bed Bath & Beyond, Inc. appointed Jill Windrum as Chief Accounting Officer and Deputy Chief Financial Officer, effective August 31, 2026. She will serve as the principal accounting officer, succeeding Brian LaRose. Windrum brings experience from DHI Group, Vantor (formerly Maxar Technologies Inc.), and KPMG LLP, and is a Certified Public Accountant.

Under an employment agreement, Windrum receives a $400,000 annual base salary, a target annual cash bonus equal to 50% of base salary, and sign-on equity awards with a target value of $400,000, 75% in time-based RSUs and 25% in performance shares vesting over four years. Upon certain qualifying terminations, including those following a Change in Control, she is eligible for cash severance tied to her base salary, continued health benefits, prorated or target bonus, and varying levels of accelerated vesting of time-based equity awards, subject to a release of claims. The agreement also includes non-competition, non-solicitation, and standard indemnification provisions.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual base salary $400,000 Base salary for Jill Windrum under the CAO Employment Agreement
Target bonus percentage 50% of annual base salary Target annual cash performance bonus opportunity
Sign-on equity awards $400,000 Aggregate target value of initial equity awards vesting over four years
Time-based RSU portion 75% Share of sign-on equity granted as time-based restricted stock units
Performance share portion 25% Share of sign-on equity granted as performance shares
Change in Control protection window 12 months Period after a Change in Control relevant for enhanced severance benefits
principal accounting officer financial
"she will serve as the Company’s principal accounting officer, replacing Brian LaRose"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"75% granted in the form of time-based restricted stock units and the remaining"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance shares financial
"25% granted in the form of performance shares. Ms. Windrum will also"
Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.
Qualifying Termination financial
"each, a “Qualifying Termination”), Ms. Windrum will be entitled to the following"
Change in Control financial
"if such Qualifying Termination occurs within 12 months following a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
non-competition and non-solicitation financial
"The CAO Employment Agreement also contains customary non-competition and non-solicitation"

FAQ

What executive role did Bed Bath & Beyond (BBBY) announce for Jill Windrum?
Bed Bath & Beyond appointed Jill Windrum as Chief Accounting Officer and Deputy Chief Financial Officer, effective August 31, 2026. She will serve as the company’s principal accounting officer, replacing Brian LaRose in that role and joining the senior finance leadership team.

What is Jill Windrum’s compensation package at Bed Bath & Beyond (BBBY)?
Under her employment agreement, Windrum receives a $400,000 annual base salary and a target annual cash bonus equal to 50% of base salary. She also receives sign-on equity awards with a $400,000 aggregate target value, split between RSUs and performance shares.

What equity awards will Jill Windrum receive at Bed Bath & Beyond (BBBY)?
At commencement, Windrum is granted sign-on equity awards with a $400,000 target value vesting over four years. 75% is in time-based restricted stock units, and 25% is in performance shares, with future equity awards at the board’s discretion.

What severance protections does Jill Windrum have under her BBBY employment agreement?
Following a Qualifying Termination, Windrum is entitled to cash severance based on her base salary, a prorated or target bonus, continued health coverage during the Severance Period, and accelerated vesting of time-based equity awards, subject to a release of claims.

How does a Change in Control affect Jill Windrum’s severance at Bed Bath & Beyond (BBBY)?
If a Qualifying Termination occurs within 12 months after a Change in Control, Windrum receives salary-based severance for the Severance Period, continued health benefits, her target annual bonus for the year of termination, and full accelerated vesting of all time-based equity awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

August 8, 2026
Date of Report (date of earliest event reported)

Bed Bath & Beyond, Inc.
(Exact name of Registrant as specified in its charter)

Delaware
001-41850
87-0634302
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)

433 W. Ascension Way, 3rd Floor
Murray, Utah 84123
(Address of principal executive offices)(Zip Code)

(801) 947-3100
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common Stock, $0.0001 par value per share
  
BBBY
  
New York Stock Exchange
Warrants to Purchase Shares of Common Stock
  
BBBY WS
  
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 8, 2026, Jill Windrum was appointed as the Company’s Chief Accounting Officer and Deputy Chief Financial Officer, effective August 31, 2026. In this capacity, Ms. Windrum will serve as the Company’s principal accounting officer, replacing Brian LaRose in such role.

Ms. Windrum, age 46, most recently served as Vice President of Financial Planning & Analysis and Revenue Operations at DHI Group, Inc. from May 2026 to August 2026.  Prior to joining the Company, Ms. Windrum held various finance and accounting leadership roles at Vantor, formerly known as Maxar Technologies Inc., from October 2013 to June 2025, most recently serving as Vice President and Chief Financial Officer of Vantor’s U.S. Government segment.  From October 2002 to September 2013, Ms. Windrum was with KPMG LLP where she held various roles in audit, advisory and KPMG’s national office. Ms. Windrum holds a Bachelor of Business Administration degree in Accounting from James Madison University and is a Certified Public Accountant.

There are no arrangements or understandings between Ms. Windrum and any other person pursuant to which Ms. Windrum was selected as an officer. Ms. Windrum does not have any family relationship with any of the Company’s directors or executive officers. Neither Ms. Windrum nor any of her immediate family members has had (or proposes to have) a direct or indirect material interest in a transaction in which the Company or any of the Company’s subsidiaries was (or is to be) a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.

In connection with her appointment, the Company entered into an Employment Agreement with Ms. Windrum (the “CAO Employment Agreement”). Under the CAO Employment Agreement, Ms. Windrum will receive an annual base salary of $400,000 and will also be eligible to receive an annual cash performance bonus subject to the achievement of performance goals established by the board of directors or the compensation committee thereof, with a target bonus equal to 50% of her annual base salary. In addition, in connection with her commencement of employment, Ms. Windrum will be granted sign-on equity awards with an aggregate target value of $400,000 that will vest over a period of four years, with 75% granted in the form of time-based restricted stock units and the remaining 25% granted in the form of performance shares. Ms. Windrum will also be eligible for future equity awards in the discretion of the board of directors or the compensation committee thereof.

In the event of the Company’s termination of Ms. Windrum without Cause (as defined in the CAO Employment Agreement) or Ms. Windrum’s resignation for Good Reason (as defined in the CAO Employment Agreement) (each, a “Qualifying Termination”), Ms. Windrum will be entitled to the following severance benefits (subject to execution and non-revocation of a release of claims): (i) a cash amount equal to her then-current base salary for a period of (a) six months, plus (b) one additional month for each full year of employment with us, up to a maximum of twelve months (the “Severance Period”); (ii) a prorated target bonus for the year in which such termination occurs; (iii) continued health, dental and vision coverage during the Severance Period; and (iv) accelerated vesting of such number of her time-based equity awards as would otherwise have vested during the 12 months following such termination; provided, however, that, if such Qualifying Termination occurs within 12 months following a Change in Control, then, in lieu of the foregoing benefits, Ms. Windrum will be entitled to the following severance benefits (subject to execution and non-revocation of a release of claims): (i) a cash amount equal to her then-current base salary for the Severance Period; (ii) continued health, dental and vision coverage during the Severance Period; (iii) her target annual bonus for the year of termination; and (iv) full accelerated vesting of all time-based equity awards. Performance-based equity awards will be governed by the applicable award agreements.
 
The CAO Employment Agreement also contains customary non-competition and non-solicitation provisions.
 
In connection with her appointment, Ms. Windrum will also enter into the Company’s standard form of indemnification agreement for directors and officers.
 
2
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
BED BATH & BEYOND, INC.
     
 
By:
/s/ Marcus Lemonis
   
Marcus Lemonis
   
Chief Executive Officer
 
Date:
August 13, 2026


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