Kontoor Brands (KTB) elevates Joseph Alkire to president and CFO with new pay package
Rhea-AI Filing Summary
Kontoor Brands, Inc. reported leadership role changes effective August 12, 2026. Joseph A. Alkire, currently Executive Vice President, Chief Financial Officer and Global Head of Operations, will become the company’s President and Chief Financial Officer. Scott H. Baxter will continue serving as Chief Executive Officer and Chairman of the Board.
In connection with Mr. Alkire’s new role, the Talent and Compensation Committee approved revised compensation terms effective August 12, 2026, including an annual base salary of $900,000, an annual bonus target equal to 120% of base salary under the annual incentive plan, and a long-term incentive plan award opportunity of $2,600,000.
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8-K Event Classification
2 items: 5.02, 9.01
2 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 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual base salary: $900,000
Annual bonus target: 120% of base salary
Long-term incentive opportunity: $2,600,000
+1 more
4 metrics
Annual base salary
$900,000
Base salary for Joseph A. Alkire as President and Chief Financial Officer effective August 12, 2026
Annual bonus target
120% of base salary
Target under Kontoor Brands’ annual incentive plan for Joseph A. Alkire
Long-term incentive opportunity
$2,600,000
Award opportunity under the long-term incentive plan for Joseph A. Alkire
Effective date
August 12, 2026
Effective date of role change and compensation adjustments for Joseph A. Alkire
Key Terms
annual incentive plan, long-term incentive plan, Inline XBRL
3 terms
annual incentive plan financial
"an annual bonus target under the Company’s annual incentive plan equal to 120% of his base salary"
long-term incentive plan financial
"an award opportunity under the Company’s long-term incentive plan equal to $2,600,000"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Inline XBRL technical
"its XBRL tags are embedded within the Inline XBRL document"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What executive leadership changes did Kontoor Brands (KTB) announce on August 12, 2026?
Kontoor Brands announced that Joseph A. Alkire will become President and Chief Financial Officer. Scott H. Baxter will continue as Chief Executive Officer and Chairman of the Board, maintaining overall leadership of the company.
What is the new base salary for Kontoor Brands (KTB) President and CFO Joseph A. Alkire?
Mr. Alkire’s new role includes an annual base salary of $900,000. This change is effective as of August 12, 2026, as approved by the Talent and Compensation Committee of the Board.
What bonus opportunity will Joseph A. Alkire receive at Kontoor Brands (KTB)?
In his new role, Mr. Alkire has an annual bonus target equal to 120% of his base salary under Kontoor Brands’ annual incentive plan, effective August 12, 2026, subject to plan terms and performance.
What long-term incentive award was approved for Joseph A. Alkire at Kontoor Brands (KTB)?
The Board’s Talent and Compensation Committee approved a long-term incentive plan award opportunity of $2,600,000 for Mr. Alkire, effective August 12, 2026, as part of his compensation as President and Chief Financial Officer.
Will Scott H. Baxter’s roles change at Kontoor Brands (KTB)?
Scott H. Baxter will continue as Chief Executive Officer and Chairman of the Board of Kontoor Brands. The change primarily affects Joseph A. Alkire’s role and compensation structure, not Mr. Baxter’s titles.
AI-generated analysis. How Rhea-AI works. Not financial advice.
