Kontoor Brands (NYSE: KTB) adds Tom Waldron, sets $0.53 dividend
Rhea-AI Filing Summary
Kontoor Brands, Inc. expanded its Board of Directors from six to seven members and appointed former executive Thomas E. (Tom) Waldron as a director, effective immediately, to serve until the 2027 annual meeting, with compensation aligned to the existing non-employee director program.
The Board also declared a regular quarterly cash dividend of $0.53 per share of common stock, payable on September 18, 2026, to shareholders of record at the close of business on September 8, 2026. Waldron is expected to enter into the company’s standard indemnification agreement.
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8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
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.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend per share: $0.53 per share
Board size after expansion: 7 directors
Dividend record date: September 8, 2026
+2 more
5 metrics
Quarterly dividend per share
$0.53 per share
Regular quarterly cash dividend declared on common stock
Board size after expansion
7 directors
Board increased from six to seven members on July 22, 2026
Dividend record date
September 8, 2026
Shareholders of record at close of business receive the dividend
Dividend payment date
September 18, 2026
Date the quarterly cash dividend will be paid
Age of Tom Waldron
58
Age of the newly appointed director Tom Waldron
Key Terms
indemnification agreement, quarterly cash dividend, Emerging growth company, record at the close of business
4 terms
indemnification agreement regulatory
"expected to enter into the company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
quarterly cash dividend financial
"declared a regular quarterly cash dividend of $0.53 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
Emerging growth company regulatory
"Emerging growth company o"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
record at the close of business financial
"shareholders of record at the close of business on September 8, 2026"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board changes did Kontoor Brands (KTB) announce in this 8-K?
Kontoor Brands expanded its Board from six to seven members and appointed Thomas E. (Tom) Waldron as a director, effective immediately, to serve until the Company’s 2027 annual meeting of shareholders and until his successor is duly elected and qualified.
Who is Tom Waldron, the new director at Kontoor Brands (KTB)?
Tom Waldron, 58, is a former Executive Vice President and Chief Operating Officer of Kontoor, where he led the Wrangler and Lee brands globally and oversaw supply chain, product development and innovation, and previously held senior roles at VF Corporation.
What dividend did Kontoor Brands (KTB) declare and when will it be paid?
The Board declared a regular quarterly cash dividend of $0.53 per share of common stock, payable on September 18, 2026, to shareholders of record at the close of business on September 8, 2026, continuing the company’s practice of returning cash to shareholders.
What is the record date for Kontoor Brands (KTB) latest dividend?
Shareholders must be on record at the close of business on September 8, 2026 to receive the declared quarterly cash dividend of $0.53 per share, which will be paid on September 18, 2026 to eligible common stockholders.
Will Tom Waldron receive standard director compensation at Kontoor Brands (KTB)?
Tom Waldron will receive compensation consistent with Kontoor Brands’ non-employee director compensation program, as described in the company’s March 9, 2026 proxy statement, and is expected to enter into the company’s standard form of indemnification agreement for directors.
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): July 22, 2026
(Exact name of registrant as specified in charter)
| (State or other jurisdiction of incorporation) | (Commission file number) | (I.R.S. employer identification number) | ||||||||||||
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | 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. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 22, 2026, the Board of Directors (the “Board”) of Kontoor Brands, Inc. (the “Company”) increased the size of the Board from six to seven directors and approved the appointment of Thomas E. Waldron as a director of the Company, effective immediately, to serve for a term expiring at the Company’s 2027 annual meeting of shareholders and until his successor is duly elected and qualified.
Mr. Waldron will receive compensation for services as a non-employee director of the Company consistent with the Company’s director compensation program, as described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities Exchange Commission (“SEC”) on March 9, 2026. The Company and Mr. Waldron are expected to enter into the Company’s standard form of indemnification agreement filed as Exhibit 10.13 to the Company’s Annual Report on Form 10-K filed with the SEC on March 4, 2026.
There are no arrangements or understandings between Mr. Waldron and any other person pursuant to which Mr. Waldron was appointed to the Board, there are no family relationships between Mr. Waldron and any director or other officer of the Company, and there are no transactions in which the Company is a party and in which Mr. Waldron has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Item 8.01. Other Events.
On July 24, 2026, Kontoor Brands, Inc. issued a press release announcing that its Board of Directors declared a regular quarterly cash dividend of $0.53 per share of its common stock, payable on September 18, 2026, to shareholders of record at the close of business on September 8, 2026. The press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
99.1 | Press release issued by Kontoor Brands, Inc., dated July 22, 2026, announcing the appointment of new director. | ||||
99.2 | Press release issued by Kontoor Brands, Inc., dated July 24, 2026, announcing the quarterly dividend. | ||||
| 104 | Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | ||||
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.
| KONTOOR BRANDS, INC. | |||||||||||
| Date: July 24, 2026 | By: | /s/ Thomas L. Doerr, Jr. | |||||||||
| Name: | Thomas L. Doerr, Jr. | ||||||||||
| Title: | Executive Vice President, Chief Legal Officer & Secretary | ||||||||||
Exhibit 99.1
Kontoor Brands Board of Directors Elects Tom Waldron as New Director
Wednesday, July 22 - Kontoor Brands, Inc. (NYSE: KTB) (the “Company” or “Kontoor”), today announced that Tom Waldron has been elected to the Company’s Board of Directors effective immediately. Additionally, the Company announced an increase in the size of the Board from six to seven directors.
"We’re excited to welcome Tom to Kontoor’s Board of Directors," said Scott Baxter, President, Chief Executive Officer and Chairman of the Board of Directors. " Tom’s deep expertise of the Wrangler® brand and Kontoor’s broader business will bring valuable perspective to our Board as we continue to strengthen our multi-brand platform and focus on driving long-term growth."
Mr. Waldron, 58, previously served as Executive Vice President and Chief Operating Officer of Kontoor, where he led the Wrangler® and Lee® brands globally and oversaw the Company’s supply chain, product development and innovation. Prior to that role, he served as EVP, Co-Chief Operating Officer and Global Brand President of Wrangler®, following roles of increasing responsibility in brand, merchandising, sales and operations at VF Corporation. Mr. Waldron also serves as a board member at The LYCRA Company. The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries. Mr. Waldron earned a bachelor's degree in Management from the University of North Carolina at Greensboro's Bryan School of Business.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world’s most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kontoor is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.
Exhibit 99.2
KONTOOR BRANDS DECLARES QUARTERLY DIVIDEND
GREENSBORO, N.C. - July 24, 2026 - Kontoor Brands, Inc. (NYSE: KTB) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.53 per share of its common stock. The cash dividend will be payable on September 18, 2026, to shareholders of record at the close of business September 8, 2026.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world’s most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.
Contacts
Investors:
Michael Karapetian, (336) 332-4263
Vice President, Global Brand & Operations Finance and Corporate Investor Relations
Michael.Karapetian@kontoorbrands.com
or
Media:
Julia Burge, (336) 332-5122
Senior Director, Corporate Communications
Julia.Burge@kontoorbrands.com
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