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Interface (Nasdaq: TILE) raises cap on executive annual bonuses

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

Rhea-AI Filing Summary

Interface, Inc. amended its Executive Bonus Plan, increasing the maximum annual bonus per participant from $1.85 million to $3.0 million. The change gives the company more room to award higher performance-based cash bonuses to senior leaders.

The plan now also states that any participant terminated for “cause” on or before March 15 following the performance period will forfeit the bonus for that period, even if employed through the entire performance year. The full amended plan is filed as Exhibit 10.1.

Positive

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Negative

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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.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New max annual bonus $3.0 million Maximum bonus per participant under Amended Executive Bonus Plan
Prior max annual bonus $1.85 million Previous maximum bonus per participant before amendment
Forfeiture cut-off date March 15 Termination for cause on or before this date forfeits prior-year bonus
Approval date June 2, 2026 Compensation & Talent Development Committee approval of Amended Plan
Executive Bonus Plan financial
"approved amendments to the Interface, Inc. Executive Bonus Plan (as amended, the “Amended Plan”)."
Compensation & Talent Development Committee financial
"the Compensation & Talent Development Committee of the Board of Directors of Interface, Inc. approved amendments"
terminated for “cause” financial
"provides that a participant who is terminated for “cause” (as defined in the Amended Plan)"
performance period financial
"following the end of the applicable performance period will forfeit any bonus payment"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
Exhibit 10.1 regulatory
"a copy of which is attached hereto as Exhibit 10.1 and hereby incorporated by reference."
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Understanding 8-K Material Events →
0000715787false00007157872026-06-022026-06-02

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):  June 2, 2026
                                   

INTERFACE INC
           
(Exact name of Registrant as Specified in its Charter)
Georgia 001-33994 58-1451243
(State or other Jurisdiction of Incorporation or Organization) (Commission File
Number)		 (IRS Employer
Identification No.)
1280 West Peachtree Street NWAtlantaGeorgia30309
(Address of principal executive offices)(Zip code)

Registrant’s telephone number, including area code:  (770) 437-6800

Not Applicable 
(Former name or former address, if changed since last report)
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, $0.10 Par Value Per ShareTILENasdaq Global Select Market

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):
☐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))
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.

Amendment of Executive Bonus Plan

On June 2, 2026, the Compensation & Talent Development Committee of the Board of Directors of Interface, Inc. approved amendments to the Interface, Inc. Executive Bonus Plan (as amended, the “Amended Plan”). The Amended Plan, among other things, (i) updates the maximum annual bonus that may be paid to a participant under the plan from $1.85 million to $3.0 million, and (ii) provides that a participant who is terminated for “cause” (as defined in the Amended Plan) on or before March 15 of the year following the end of the applicable performance period will forfeit any bonus payment for such performance period, even if the participant remained employed through the entire performance period.

The foregoing description of the Amended Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Plan, a copy of which is attached hereto as Exhibit 10.1 and hereby incorporated by reference.











Item 9.01. Financial Statements and Exhibits.


(d) Exhibits.
Exhibit No.Description
10.1
Interface, Inc. Amended Executive Bonus Plan
104Cover Page Interactive Data File (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.

 
 INTERFACE, INC.
  
  
By:     
  /s/ David B. Foshee               
 David B. Foshee
 Vice President
Date:  June 4, 2026 

Source: View Original Filing on SEC EDGAR

FAQ

What change did Interface (TILE) make to its Executive Bonus Plan?

Interface increased the maximum annual bonus under its Executive Bonus Plan to $3.0 million per participant. The amendment gives the company more flexibility to deliver larger performance-based cash awards to executives when targets are met, subject to the plan’s terms and committee discretion.

How did Interface (TILE) change the maximum executive bonus amount?

The maximum annual bonus per participant was raised from $1.85 million to $3.0 million. This higher ceiling allows the Compensation & Talent Development Committee to grant larger bonuses when justified by performance, while still operating within the structured limits of the amended plan.

What happens to Interface (TILE) executives terminated for cause under the Amended Plan?

Executives terminated for “cause” on or before March 15 following a performance period will forfeit any bonus for that period. This applies even if they worked through the entire performance year, strengthening the company’s ability to deny payouts after serious misconduct findings.

Who approved Interface (TILE)’s Amended Executive Bonus Plan?

The Compensation & Talent Development Committee of Interface’s Board of Directors approved the amended Executive Bonus Plan on June 2, 2026. This board-level committee oversees executive pay programs and adjustments to ensure they align with the company’s compensation policies and governance structure.

Where can investors see the full Interface (TILE) Amended Executive Bonus Plan?

The complete text of the Amended Executive Bonus Plan is filed as Exhibit 10.1 to the company’s Form 8-K. Investors can review this exhibit to see all detailed terms, definitions such as “cause,” and mechanics of bonus calculations and eligibility conditions.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents