Krispy Kreme to raise CEO stock grant to $2.5M in 2027
The bonus change takes effect November 1, 2026; the higher restricted stock unit grant begins with the annual grant in 2027.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Krispy Kreme, Inc. approved an amendment to CEO Joshua Charlesworth’s employment agreement. Effective November 1, 2026, his annual cash target bonus opportunity increases from 100% to 150% of base salary. Beginning with the annual grant in 2027, the amount of his annual restricted stock unit grant increases from $1,000,000 to $2,500,000.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Annual cash target bonus opportunity, prior: 100% of base salary
Annual cash target bonus opportunity, amended: 150% of base salary
Annual restricted stock unit grant amount, prior: $1,000,000
+1 more
4 metrics
Annual cash target bonus opportunity, prior
100% of base salary
Joshua Charlesworth’s employment agreement
Annual cash target bonus opportunity, amended
150% of base salary
Effective November 1, 2026
Annual restricted stock unit grant amount, prior
$1,000,000
Joshua Charlesworth’s employment agreement
Annual restricted stock unit grant amount, amended
$2,500,000
Beginning with the annual grant in 2027
Key Terms
target bonus opportunity, restricted stock units, employment agreement
3 terms
target bonus opportunity financial
"annual cash target bonus opportunity"
restricted stock units financial
"annual grant of restricted stock units"
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.
employment agreement technical
"amendment to the Company’s employment agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is changing in DNUT CEO Joshua Charlesworth’s compensation?
Krispy Kreme increased Joshua Charlesworth’s annual cash target bonus opportunity from 100% to 150% of base salary, effective November 1, 2026. The amount of his annual restricted stock unit grant increases from $1,000,000 to $2,500,000, beginning with the annual grant in 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Date of Report (Date of earliest event reported)
_________________________
(Exact name of registrant as specified in its charter)
_________________________
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices)
(800 ) 457-4779
(Registrant’s telephone number, including area code)
N/A
(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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||||||||
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 October 30, 2026, the Board of Directors of Krispy Kreme, Inc. (the “Company”) approved an amendment to the Company’s employment agreement with its Chief Executive Officer, Joshua Charlesworth, to provide for (i) an increased annual cash target bonus opportunity from one hundred percent (100%) to one hundred fifty percent (150%) of his base salary effective November 1, 2026, and (ii) an increase to the amount of the annual grant of restricted stock units from $1,000,000 to $2,500,000 effective beginning at the time of the annual grant in 2027.
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.
KRISPY KREME, INC.
Dated: November 5, 2026
By: /s/ Atiba Adams
| Name: | Atiba Adams | ||||
| Title: | Chief Legal Officer and Corporate Secretary | ||||