YETI Holdings Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 19, 2026, YETI Holdings, Inc. (the “Company”) announced the appointment of Scott Bomar as the Company’s Senior Vice President, Chief Financial Officer and Treasurer, effective February 23, 2026 (the “Effective Date”). Mr. Bomar will also serve as the Company’s principal accounting officer.
Mr. Bomar, age 54, joins YETI from The Home Depot, Inc., a home improvement retailer, where he served as Senior Vice President of Finance since 2022. From 2021 to 2022, Mr. Bomar served as Senior Vice President and Chief Financial Officer of Deluxe Corporation, a payments and business technology company. Prior to Deluxe Corporation, Mr. Bomar served in roles of increasing responsibility at The Home Depot, Inc. since 2005.
Mr. Bomar will receive an annual base salary of $725,000 and his 2026 target award under the Company’s short-term incentive plan will be 100% of base salary. Mr. Bomar’s 2026 target award under the Company’s long-term incentive plan will be 250% of base salary. Mr. Bomar will receive a sign-on bonus of $500,000 as well as sign-on equity grants of time-based restricted stock units (“RSUs”) valued at $2,500,000 and performance-based RSUs valued at $1,000,000. One-third of the time-based RSU award vests on the first anniversary of the grant date, and one-sixth of the award vests on each of the first four six-month anniversaries thereafter. The performance-based RSUs are eligible to cliff vest following the end of a three-year performance period based on pre-determined Company financial performance metrics, with a relative total stockholder return modifier. In addition, Mr. Bomar will receive a relocation bonus of $100,000 and is eligible to participate in the Senior Leadership Severance Benefits Plan.
Mr. Bomar has no family relationships with any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which he was selected as an officer of the Company. There are no related person transactions between Mr. Bomar and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On February 13, 2026, the Company informed Michael McMullen that his role as Senior Vice President, Chief Financial Officer and Treasurer would end as of the Effective Date. In connection with such arrangement, Mr. McMullen and the Company entered into a Separation Agreement pursuant to which Mr. McMullen will receive the benefits to which he is entitled under the Senior Leadership Severance Benefits Plan. Mr. McMullen will provide transition services as a consultant to the Company until May 31, 2026 at a rate of $10,000 per month for an aggregate of $30,000.
Item 7.01 Regulation FD Disclosure
A copy of the press release announcing Mr. Bomar’s appointment and Mr. McMullen’s departure is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit | ||
| No. | Description | |
| 99.1 | Press release issued by YETI Holdings, Inc., dated February 19, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
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YETI Holdings, Inc. | |
| Date: February 19, 2026 | By: | /s/ Bryan C. Barksdale |
| Bryan C. Barksdale | ||
| Senior Vice President, Chief Legal Officer and Secretary | ||