SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
(Amendment No. )
![[MISSING IMAGE: lg_landsend-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/lg_landsend-bw.jpg)
![[MISSING IMAGE: sg_andrewjmclean-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/sg_andrewjmclean-bw.jpg)
Chief Executive Officer
5 Lands’ End Lane
Dodgeville, Wisconsin 53595
51 West 52nd Street
New York, NY 10019
![[MISSING IMAGE: sg_peterlgray-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/sg_peterlgray-bw.jpg)
President, Lands’ End Licensing, Chief Administrative
Officer, General Counsel and Secretary
Materials for the 2025 Annual Meeting of Stockholders
Report on Form 10-K for the fiscal year ended January 31, 2025 are available at www.proxyvote.com.
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Gordon Hartogensis
Elizabeth Leykum
Josephine Linden
John T. McClain
Alicia Parker
“FOR” ELECTION OF THE SEVEN NOMINEES FOR DIRECTOR
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Audit
|
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Nominating
and Corporate Governance |
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Compensation
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Josephine Linden*
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Robert Galvin
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Gordon Hartogensis
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Elizabeth Leykum
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Andrew J. McLean
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John T. McClain
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Alicia Parker
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Number of Meetings
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7
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3
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5
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![[MISSING IMAGE: ic_member-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/ic_member-bw.jpg)
![[MISSING IMAGE: ic_committeechair-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/ic_committeechair-bw.jpg)
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Cash
Compensation(1) |
| |||
Board Member
|
| | | $ | 100,000 | | |
Board Chair
|
| | | $ | 30,000 | | |
Audit Committee Chair
|
| | | $ | 20,000 | | |
Audit Committee Member (Non-Chair)
|
| | | $ | 12,500 | | |
Compensation Committee Chair
|
| | | $ | 15,000 | | |
Compensation Committee Member (Non-Chair)
|
| | | $ | 10,000 | | |
All Other Committee Chairs
|
| | | $ | 10,000 | | |
All Other Committee Members (Non-Chairs)
|
| | | $ | 7,500 | | |
Name
|
| |
Fees
Earned or Paid in Cash($) |
| |
Stock
Awards ($)(a) |
| |
Gift Card($)
|
| |
Total(b)
|
| ||||||||||||
Josephine Linden, Chair
|
| | | $ | 160,000 | | | | | $ | 0 | | | | | $ | 10,000 | | | | | $ | 170,000 | | |
Robert Galvin
|
| | | $ | 63,778 | | | | | $ | 63,722 | | | | | $ | 10,000 | | | | | $ | 137,500 | | |
Gordon Hartogensis(c)
|
| | | $ | 3,365 | | | | | $ | 0 | | | | | $ | 2,932 | | | | | $ | 6,297 | | |
Elizabeth Leykum
|
| | | $ | 120,000 | | | | | $ | 0 | | | | | $ | 10,000 | | | | | $ | 130,000 | | |
John T. McClain
|
| | | $ | 120,000 | | | | | $ | 0 | | | | | $ | 10,000 | | | | | $ | 130,000 | | |
Jignesh Patel(c)
|
| | | $ | 31,978 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 31,978 | | |
Alicia Parker(c)
|
| | | $ | 55,421 | | | | | $ | 23,728 | | | | | $ | 10,000 | | | | | $ | 89,149 | | |
Jonah Staw(c)
|
| | | $ | 28,647 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 28,647 | | |
| | |
Shares of Common Stock
Beneficially Owned |
| |||||||||
Name of Beneficial Owner(1)
|
| |
Number
|
| |
Percent of Common
Stock Outstanding |
| ||||||
Martin Christopher(2)
|
| | | | 5,106 | | | | | | * | | |
Robert Galvin
|
| | | | 34,081 | | | | | | * | | |
Peter L. Gray(3)
|
| | | | 175,396 | | | | | | * | | |
Gordon Hartogensis
|
| | | | 0 | | | | | | — | | |
Elizabeth Leykum
|
| | | | 12,299 | | | | | | * | | |
Josephine Linden
|
| | | | 45,817 | | | | | | * | | |
John T. McClain
|
| | | | 11,054 | | | | | | * | | |
Bernard McCracken(4)
|
| | | | 30,129 | | | | | | * | | |
Andrew J. McLean(5)
|
| | | | 162,567 | | | | | | * | | |
Alicia Parker
|
| | | | 1,627 | | | | | | * | | |
Angela Rieger(6)
|
| | | | 47,576 | | | | | | * | | |
Directors and executive officers as a group (11 persons)
|
| | | | 525,652(4) | | | | | | 1.7% | | |
Greater than 5% Stockholders: | | | | | | | | | | | | | |
ESL Investments, Inc. and related entities, as a group(7)
|
| | | | 17,116,376(8) | | | | | | 55.5% | | |
Capital Research Global Investors(9)
|
| | | | 2,100,000 | | | | | | 6.8% | | |
Thomas J. Tisch(10)
|
| | | | 1,599,013 | | | | | | 5.2% | | |
|
ELEMENTS OF COMPENSATION — CEO
|
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ELEMENTS OF COMPENSATION — OTHER NAMED EXECUTIVE OFFICERS
|
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ANNUAL VS. LONG-TERM COMPENSATION — CEO
|
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ANNUAL VS. LONG-TERM COMPENSATION — OTHER NAMED EXECUTIVE OFFICERS
|
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Name
|
| |
FY2023 Base Salary
|
| |
FY2024 Base Salary
|
| |
% Increase
|
| |||||||||
Andrew J. McLean
|
| | | $ | 1,050,000 | | | | | $ | 1,050,000 | | | | | | — | | |
Bernard McCracken
|
| | | $ | 525,000 | | | | | $ | 525,000 | | | | | | — | | |
Peter L. Gray
|
| | | $ | 675,000 | | | | | $ | 695,250 | | | | | | 3% | | |
Martin Christopher
|
| | | $ | 525,000 | | | | | $ | 525,000 | | | | | | — | | |
Angela Rieger
|
| | | $ | 500,000 | | | | | $ | 500,000 | | | | | | — | | |
Metric
|
| |
Threshold
(50% payout) |
| |
Target
(100% payout) |
| |
Maximum
(200% payout) |
|
2024 AIP EBITDA Net of Inventory Charge
|
| |
$60 million
|
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$71 million
|
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$91 million
|
|
Name
|
| |
Target Incentive
for fiscal year 2024 |
| |
Annual Incentive
Earned and Paid for fiscal year 2024 |
| ||||||
Andrew J. McLean
|
| | | $ | 1,050,000 | | | | | $ | 735,000 | | |
Bernard McCracken
|
| | | $ | 393,750 | | | | | $ | 275,625 | | |
Peter L. Gray
|
| | | $ | 517,056 | | | | | $ | 361,939 | | |
Martin Christopher
|
| | | $ | 393,750 | | | | | $ | 275,625 | | |
Angela Rieger
|
| | | $ | 375,000 | | | | | $ | 262,500 | | |
Name
|
| |
Number of Shares underlying
2024 Financial PSU Award at Target Performance (“2024 Financial PSU Target Shares”) |
| |
Grant Date Fair Value
|
| ||||||
Andrew J. McLean
|
| | | | 89,124 | | | | | $ | 1,007,992 | | |
Bernard McCracken
|
| | | | 20,424 | | | | | $ | 230,995 | | |
Peter L. Gray
|
| | | | 26,259 | | | | | $ | 296,989 | | |
Martin Christopher
|
| | | | 20,424 | | | | | $ | 230,995 | | |
Angela Rieger
|
| | | | 19,451 | | | | | $ | 219,991 | | |
Metric
(three-year performance) |
| |
Weighting
|
| |
Payout at
Threshold (50% of Target) |
| |
Payout at
Target (100% of Target) |
| |
Payout at
Maximum (200% of Target) |
| ||||||||||||
2024 Financial PSU EBITDA Ratio
|
| | | | 50% | | | | | | 50% | | | | | | 100% | | | | | | 200% | | |
Average ROIC
|
| | | | 50% | | | | | | 50% | | | | | | 100% | | | | | | 200% | | |
Name
|
| |
Number of Shares underlying
2024 Stock Price PSU Award at Target Performance |
| |
Grant Date Fair Value
|
| ||||||
Andrew J. McLean
|
| | | | 44,562 | | | | | $ | 369,419 | | |
Bernard McCracken
|
| | | | 10,212 | | | | | $ | 84,657 | | |
Peter L. Gray
|
| | | | 13,129 | | | | | $ | 108,839 | | |
Martin Christopher
|
| | | | 10,212 | | | | | $ | 84,657 | | |
Angela Rieger
|
| | | | 9,725 | | | | | $ | 80,620 | | |
Name
|
| |
Number of Shares
underlying 2024 RSU Award |
| |
Grant Date Fair Value
|
| ||||||
Andrew J. McLean
|
| | | | 89,124 | | | | | $ | 1,007,992 | | |
Bernard McCracken
|
| | | | 20,424 | | | | | $ | 230,995 | | |
Peter L. Gray
|
| | | | 26,259 | | | | | $ | 296,989 | | |
Martin Christopher
|
| | | | 20,424 | | | | | $ | 230,995 | | |
Angela Rieger
|
| | | | 19,451 | | | | | $ | 219,991 | | |
Metric
(cumulative three-year performance) |
| |
Weighting
|
| |
Threshold
(50% payout) |
| |
Target
(100% payout) |
| |
Maximum
(200%) |
| |||
2022 PSU EBITDA
|
| | | | 75% | | | |
$370 million
|
| |
$430 million
|
| |
$525 million
|
|
Revenue
|
| | | | 25% | | | |
$5.4 billion
|
| |
$5.8 billion
|
| |
$6.3 billion
|
|
| American Eagle Outfitters, Inc. | | | Duluth Holdings, Inc. | |
| The Buckle, Inc. | | | Express, Inc. | |
| Caleres, Inc. | | | G-III Apparel Group, Ltd. | |
| Carter’s, Inc. | | | Genesco Inc. | |
| The Cato Corp. | | | Oxford Industries, Inc. | |
| Chico’s FAS, Inc. | | | Shoe Carnival, Inc. | |
| The Children’s Place Retail Stores, Inc. | | | Tilly’s, Inc. | |
| Citi Trends, Inc. | | | Urban Outfitters, Inc. | |
| Columbia Sportswear Company | | | Zumiez, Inc. | |
| Deckers Outdoor Corporation | | | | |
Gordon Hartogensis
Elizabeth Leykum
Josephine Linden
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(a) |
| |
Stock
Awards ($)(b) |
| |
Option
Awards ($)(b) |
| |
Non-Equity
Incentive Plan Compensation ($)(c) |
| |
All Other
Compensation ($)(d) |
| |
Total
($) |
| ||||||||||||||||||||||||
Andrew J. McLean
Chief Executive Officer(e) |
| | | | 2024 | | | | | $ | 1,050,000 | | | | | | | | | | | $ | 2,385,404 | | | | | | | | | | | $ | 735,000 | | | | | $ | 11,562 | | | | | $ | 4,181,966 | | |
| | | 2023 | | | | | $ | 1,070,192 | | | | | | — | | | | | $ | 2,697,031 | | | | | | — | | | | | $ | 834,750 | | | | | $ | 26,687 | | | | | $ | 4,628,661 | | | ||
| | | 2022 | | | | | $ | 258,462 | | | | | $ | 600,000 | | | | | $ | 1,249,993 | | | | | $ | 1,249,995 | | | | | | — | | | | | $ | 20,081 | | | | | $ | 3,378,530 | | | ||
Bernard McCracken
Chief Financial Officer(e) |
| | | | 2024 | | | | | $ | 525,000 | | | | | | — | | | | | $ | 546,648 | | | | | | — | | | | | $ | 275,625 | | | | | $ | 11,462 | | | | | $ | 1,378,735 | | |
| | | 2023 | | | | | $ | 529,122 | | | | | | — | | | | | $ | 169,748 | | | | | | — | | | | | $ | 309,536 | | | | | $ | 9,088 | | | | | $ | 1,017,494 | | | ||
Peter L. Gray
President, Lands’ End Licensing, Chief Administrative Officer and General Counsel(e) |
| | | | 2024 | | | | | $ | 689,409 | | | | | | — | | | | | $ | 702,818 | | | | | | — | | | | | $ | 361,939 | | | | | $ | 11,199 | | | | | $ | 1,765,365 | | |
| | | 2023 | | | | | $ | 687,981 | | | | | | — | | | | | $ | 794,650 | | | | | | — | | | | | $ | 402,468 | | | | | $ | 20,657 | | | | | $ | 1,905,756 | | | ||
| | | 2022 | | | | | $ | 607,430 | | | | | | — | | | | | $ | 648,988 | | | | | | — | | | | | $ | 162,450 | | | | | $ | 9,367 | | | | | $ | 1,428,235 | | | ||
Martin Christopher
Executive Vice President, Chief Technology Officer(e) |
| | | | 2024 | | | | | $ | 525,000 | | | | | | — | | | | | $ | 546,648 | | | | | | — | | | | | $ | 275,625 | | | | | | — | | | | | $ | 1,347,273 | | |
Angela Rieger
Executive Vice President, Chief Transformation Officer(e) |
| | | | 2024 | | | | | $ | 500,000 | | | | | | — | | | | | $ | 520,602 | | | | | | — | | | | | $ | 262,500 | | | | | $ | 12,900 | | | | | $ | 1,296,002 | | |
| | | 2023 | | | | | $ | 460,577 | | | | | | — | | | | | $ | 529,773 | | | | | | — | | | | | $ | 269,187 | | | | | $ | 19,611 | | | | | $ | 1,279,398 | | |
| | | | | | | | | | | | | | | | | |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts under Equity-
Incentive Plan Awards(e)(f) |
| | | | | | | | | | | | | ||||||||||||||||||||||||||||||
Name
|
| |
Plan or
Award |
| |
Grant
Date for Equity- Based Award |
| |
Approval
Date for Equity- Based Award |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#)(f)(g) |
| |
Grant Date
Fair Value of Stock and Options Awards ($)(h) |
| ||||||||||||||||||||||||||||||
Andrew J. McLean
|
| |
(a)
|
| | | | | | | | | | | | | | | $ | 525,000 | | | | | $ | 1,050,000 | | | | | $ | 2,100,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(b)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 44,562 | | | | | | 89,124 | | | | | | 178,248 | | | | | | | | | | | $ | 1,007,992 | | | ||
|
(c)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 14,705 | | | | | | 44,562 | | | | | | 44,562 | | | | | | | | | | | $ | 369,419 | | | ||
|
(d)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 89,124 | | | | | $ | 1,007,992 | | | ||
Bernard McCracken
|
| |
(a)
|
| | | | | | | | | | | | | | | $ | 196,875 | | | | | $ | 393,750 | | | | | $ | 787,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(b)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 10,212 | | | | | | 20,424 | | | | | | 40,848 | | | | | | | | | | | $ | 230,995 | | | ||
|
(c)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 3,370 | | | | | | 10,212 | | | | | | 10,212 | | | | | | | | | | | $ | 84,657 | | | ||
|
(d)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,424 | | | | | $ | 230,995 | | | ||
Peter L. Gray
|
| |
(a)
|
| | | | | | | | | | | | | | | $ | 258,528 | | | | | $ | 517,056 | | | | | $ | 1,034,113 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(b)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 13,130 | | | | | | 26,259 | | | | | | 52,518 | | | | | | | | | | | $ | 296,989 | | | ||
|
(c)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 4,333 | | | | | | 13,129 | | | | | | 13,129 | | | | | | | | | | | $ | 108,839 | | | ||
|
(d)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 26,259 | | | | | $ | 296,989 | | | ||
Martin Christopher
|
| |
(a)
|
| | | | | | | | | | | | | | | $ | 196,875 | | | | | $ | 393,750 | | | | | $ | 787,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(b)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 10,212 | | | | | | 20,424 | | | | | | 40,848 | | | | | | | | | | | $ | 230,995 | | | ||
|
(c)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 3,370 | | | | | | 10,212 | | | | | | 10,212 | | | | | | | | | | | $ | 84,657 | | | ||
|
(d)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,424 | | | | | $ | 230,995 | | | ||
Angela Rieger
|
| |
(a)
|
| | | | | | | | | | | | | | | $ | 187,500 | | | | | $ | 375,000 | | | | | $ | 750,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(b)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 9,726 | | | | | | 19,451 | | | | | | 38,902 | | | | | | | | | | | $ | 219,991 | | | ||
|
(c)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | 3,209 | | | | | | 9,725 | | | | | | 9,725 | | | | | | | | | | | $ | 80,620 | | | ||
|
(d)
|
| | | | 4/1/2024 | | | | | | 3/27/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 19,451 | | | | | $ | 219,991 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| |||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable(a) |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable(a) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#)(b) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(c) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(c) |
| |||||||||||||||||||||
Andrew J. McLean
|
| | | | 84,040 | | | | | | 84,041 | | | | | $ | 10.81 | | | |
11/1/2032
|
| | | | 57,817 | | | | | $ | 719,822 | | | | | | 73,770(e) | | | | | $ | 918,437 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 110,655 | | | | | $ | 1,377,655 | | | | | | 44,562(f) | | | | | $ | 554,797 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 89,124 | | | | | $ | 1,109,594 | | | | | | 14,705(g) | | | | | $ | 183,083 | | |
Bernard McCracken
|
| | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 1,864 | | | | | $ | 23,207 | | | | | | 1,864(d) | | | | | $ | 23,207 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 6,965 | | | | | $ | 86,714 | | | | | | 4,643(e) | | | | | $ | 57,805 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 20,424 | | | | | $ | 254,279 | | | | | | 10,212(f) | | | | | $ | 127,139 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,370(g) | | | | | $ | 41,956 | | |
Peter L. Gray
|
| | | | 49,017 | | | | | | — | | | | | $ | 22.00 | | | |
5/8/2027
|
| | | | 7,857 | | | | | $ | 97,820 | | | | | | 7,857(d) | | | | | $ | 97,820 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 32,604 | | | | | $ | 405,920 | | | | | | 21,736(e) | | | | | $ | 270,607 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 26,259 | | | | | $ | 326,925 | | | | | | 13,130(f) | | | | | $ | 163,462 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,333(g) | | | | | $ | 53,940 | | |
Martin Christopher
|
| | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 20,424 | | | | | $ | 254,279 | | | | | | 10,212(f) | | | | | $ | 127,139 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,370(g) | | | | | $ | 41,956 | | |
Angela Rieger
|
| | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 4,540 | | | | | $ | 56,523 | | | | | | 4,540(d) | | | | | $ | 56,517 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 21,736 | | | | | $ | 270,613 | | | | | | 14,491(e) | | | | | $ | 180,407 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 19,451 | | | | | $ | 242,165 | | | | | | 9,726(f) | | | | | $ | 121,082 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,209(g) | | | | | $ | 39,955 | | |
| | |
3/18/2025
|
| |
4/1/2025
|
| |
6/14/2025
|
| |
11/1/2025
|
| |
4/1/2026
|
| |
6/14/2026
|
| |
4/1/2027
|
| |
TOTAL
|
| ||||||||||||||||||||||||
McLean | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/1/22 Grant:
|
| | | | | | | | | | | | | | | | | | | | | | 57,817 | | | | | | | | | | | | | | | | | | | | | | | | 57,817 | | |
6/14/23 Grant:
|
| | | | | | | | | | | | | | | | 36,885 | | | | | | | | | | | | | | | | | | 73,770 | | | | | | | | | | | | 110,655 | | |
4/1/24 Grant:
|
| | | | | | | | | | 22,281 | | | | | | | | | | | | | | | | | | 22,281 | | | | | | | | | | | | 44,562 | | | | | | 89,124 | | |
McCracken | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
3/18/22 Grant:
|
| | | | 1,864 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,864 | | |
6/14/23 Grant:
|
| | | | | | | | | | | | | | | | 2,322 | | | | | | | | | | | | | | | | | | 4,643 | | | | | | | | | | | | 6,965 | | |
4/1/24 Grant:
|
| | | | | | | | | | 5,106 | | | | | | | | | | | | | | | | | | 5,106 | | | | | | | | | | | | 10,212 | | | | | | 20,424 | | |
Gray | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
3/18/22 Grant:
|
| | | | 7,857 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,857 | | |
6/14/23 Grant:
|
| | | | | | | | | | | | | | | | 10,868 | | | | | | | | | | | | | | | | | | 21,736 | | | | | | | | | | | | 32,604 | | |
4/1/24 Grant:
|
| | | | | | | | | | 6,564 | | | | | | | | | | | | | | | | | | 6,565 | | | | | | | | | | | | 13,130 | | | | | | 26,259 | | |
Christopher | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
4/1/24 Grant:
|
| | | | | | | | | | 5,106 | | | | | | | | | | | | | | | | | | 5,106 | | | | | | | | | | | | 10,212 | | | | | | 20,424 | | |
Rieger | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
3/18/22 Grant:
|
| | | | 4,540 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,540 | | |
6/14/23 Grant:
|
| | | | | | | | | | | | | | | | 7,245 | | | | | | | | | | | | | | | | | | 14,491 | | | | | | | | | | | | 21,736 | | |
4/1/24 Grant:
|
| | | | | | | | | | 4,862 | | | | | | | | | | | | | | | | | | 4,863 | | | | | | | | | | | | 9,726 | | | | | | 19,451 | | |
Name
|
| |
Number of Shares
Acquired on Vesting (#)(a) |
| |
Value Realized on
Vesting ($)(b) |
| ||||||
Andrew McLean
|
| | | | 65,793 | | | | | $ | 997,011 | | |
Bernard McCracken
|
| | | | 4,505 | | | | | $ | 50,941 | | |
Peter L. Gray
|
| | | | 20,030 | | | | | $ | 230,006 | | |
Martin Christopher
|
| | | | 0 | | | | | $ | 0 | | |
Angela Rieger
|
| | | | 12,528 | | | | | $ | 146,737 | | |
| | |
Severance
Pay(a) |
| |
Bonus
Payment(b) |
| |
Continuation
Medical/ Welfare Benefits(c) |
| |
Vacation(d)
|
| |
Outplacement
|
| |
Accelerated
Vesting(e) |
| |
Total
|
| |||||||||||||||||||||
Andrew McLean | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Termination for Good Reason
|
| | | $ | 3,669,750 | | | | | $ | 1,050,000 | | | | | $ | 43,135 | | | | | $ | 80,769 | | | | | $ | 7,725 | | | | | $ | 857,649 | | | | | $ | 5,709,027 | | |
Termination without Cause
|
| | | $ | 3,669,750 | | | | | $ | 1,050,000 | | | | | $ | 43,135 | | | | | $ | 80,769 | | | | | $ | 7,725 | | | | | $ | 857,649 | | | | | $ | 5,709,027 | | |
Termination with Cause
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Voluntary Termination
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Disability
|
| | | | — | | | | | $ | 1,050,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,161,593 | | | | | $ | 3,211,593 | | |
Retirement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Death
|
| | | | — | | | | | $ | 1,050,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,161,593 | | | | | $ | 3,211,593 | | |
Termination after Change in Control
|
| | | $ | 5,250,000 | | | | | $ | 1,050,000 | | | | | $ | 53,918 | | | | | $ | 80,769 | | | | | $ | 7,725 | | | | | $ | 6,846,161 | | | | | $ | 13,288,573 | | |
Bernard McCracken(f) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Termination for Good Reason
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 14,183 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 587,293 | | |
Termination without Cause
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 14,183 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 587,293 | | |
Termination with Cause
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Voluntary Termination
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Disability
|
| | | | — | | | | | $ | 393,750 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 171,399 | | | | | $ | 565,149 | | |
Retirement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Death
|
| | | | — | | | | | $ | 393,750 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 171,399 | | | | | $ | 565,149 | | |
Termination after Change in Control
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 14,183 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | $ | 907,642 | | | | | $ | 1,494,935 | | |
Peter L. Gray | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Termination for Good Reason
|
| | | $ | 1,077,454 | | | | | $ | 521,438 | | | | | $ | 21,567 | | | | | $ | 53,481 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 1,681,664 | | |
Termination without Cause
|
| | | $ | 1,077,454 | | | | | $ | 521,438 | | | | | $ | 21,567 | | | | | $ | 53,481 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 1,681,664 | | |
Termination with Cause
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Voluntary Termination
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Disability
|
| | | | — | | | | | $ | 521,438 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 771,352 | | | | | $ | 1,292,790 | | |
Retirement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Death
|
| | | | — | | | | | $ | 521,438 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 771,352 | | | | | $ | 1,292,790 | | |
Termination after Change in Control
|
| | | $ | 2,433,375 | | | | | $ | 521,438 | | | | | $ | 43,135 | | | | | $ | 53,481 | | | | | $ | 7,725 | | | | | $ | 2,057,898 | | | | | $ | 5,117,050 | | |
Martin Christopher | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Termination for Good Reason
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 13,092 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 586,202 | | |
Termination without Cause
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 13,092 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 586,202 | | |
Termination with Cause
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Voluntary Termination
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Disability
|
| | | | — | | | | | $ | 393,750 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 393,750 | | |
Retirement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Death
|
| | | | — | | | | | $ | 393,750 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 393,750 | | |
Termination after Change in Control
|
| | | $ | 525,000 | | | | | | — | | | | | $ | 13,092 | | | | | $ | 40,385 | | | | | $ | 7,725 | | | | | $ | 635,697 | | | | | $ | 1,221,899 | | |
Angela Rieger | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Termination for Good Reason
|
| | | $ | 500,000 | | | | | | — | | | | | $ | 21,567 | | | | | $ | 48,077 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 577,369 | | |
Termination without Cause
|
| | | $ | 500,000 | | | | | | — | | | | | $ | 21,567 | | | | | $ | 48,077 | | | | | $ | 7,725 | | | | | | — | | | | | $ | 577,369 | | |
Termination with Cause
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Voluntary Termination
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Disability
|
| | | | — | | | | | $ | 375,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 489,248 | | | | | $ | 864,248 | | |
Retirement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Termination due to Death
|
| | | | — | | | | | $ | 375,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 489,248 | | | | | $ | 864,248 | | |
Termination after Change in Control
|
| | | $ | 500,000 | | | | | | — | | | | | $ | 21,567 | | | | | $ | 48,077 | | | | | $ | 7,725 | | | | | $ | 1,406,389 | | | | | $ | 1,983,758 | | |
| Fiscal Year(1) (a) | | | Summary Compensation Table Total for PEO(2) (b) | | | Compensation Actually Paid to PEO(3) (c) | | | Average Summary Compensation Table Total for Non-PEO Named Executive Officers(2) (d) | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers(3) (e) | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income (In Thousands) (h) | | | EBITDA (In Thousands) (i) | | |||||||||||||||||||||||||||
| Total Shareholder Return(4) (f) | | | Peer Group Total Shareholder Return(4) (g) | | |||||||||||||||||||||||||||||||||||||||||||||
| 2024 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
| 2023 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2022 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||||
| 2021 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||
| 2020 | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | | FY2024 | | |||||||||
| | | PEO Compensation | | | Non-PEO Named Executive Officer Compensation (Averages) | | ||||||
Total Compensation as reported in the Summary Compensation Table | | | | $ | | | | | $ | | | ||
(Deduct): Fair value of equity compensation granted during the covered fiscal year as reported in the Summary Compensation Table | | | | $ | ( | | | | | $ | ( | | |
Add: Fair value at year end of equity compensation granted in the covered fiscal year that was outstanding and unvested at the covered fiscal year end | | | | $ | | | | | $ | | | ||
Add or (Deduct): The change in fair value of any awards granted in prior years that were outstanding and unvested as of the end of the covered fiscal year | | | | $ | | | | | $ | | | ||
Add: Fair value as of the vesting date of awards granted and vested during the covered fiscal year | | | | $ | | | | | $ | | | ||
Add or (Deduct): For awards granted in prior years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year, the change in the fair value from the end of the prior fiscal year to the vesting date | | | | $ | | | | | $ | | | ||
Deduct: For awards granted in prior years that failed to meet the applicable vesting conditions during the covered fiscal year (i.e., were forfeited), the amount equal to the fair value at the end of the prior fiscal year | | | | $ | | | | | $ | | | ||
Compensation Actually Paid to PEO / non-PEO Named Executive Officers | | | | $ | | | | | $ | | |
![[MISSING IMAGE: bc_capvstsr-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/bc_capvstsr-4c.jpg)
![[MISSING IMAGE: bc_capvsnetincome-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/bc_capvsnetincome-4c.jpg)
![[MISSING IMAGE: bc_capvsadjebitda-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/bc_capvsadjebitda-4c.jpg)
| | |
Fiscal Year 2023
|
| |||
Audit Fees(1)
|
| | | $ | 1,119,985 | | |
Audit-Related Fees
|
| | | | — | | |
Tax Fees(2)
|
| | | $ | 3,380 | | |
All Other Fees
|
| | | $ | — | | |
Total
|
| | | $ | 1,123,365 | | |
| | |
Fiscal Year 2024
|
| |||
Audit Fees(1)(3)
|
| | | $ | 2,127,686 | | |
Audit-Related Fees
|
| | | | — | | |
Tax Fees(2)
|
| | | $ | 3,405 | | |
All Other Fees
|
| | | | — | | |
Total
|
| | | $ | 2,131,091 | | |
Gordon Hartogensis
Josephine Linden
Elizabeth Leykum
![[MISSING IMAGE: px_25landsproxy01pg01-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/px_25landsproxy01pg01-bw.jpg)
![[MISSING IMAGE: px_25landsproxy01pg02-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000799288/000110465925029904/px_25landsproxy01pg02-bw.jpg)