Item 5.02. Departure of Directors or Certain Officers; Election of Directors:
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 22, 2022, Caleres, Inc. ("Caleres" or the "Company") amended the
Caleres, Inc. Supplemental Executive Retirement Plan (the "Plan"), effective as
of December 31, 2022, to provide that no new Executive Benefit Participants will
be eligible to participate in the Plan, existing Executive Benefit Participants
in the Plan will be entitled only to the lump sum actuarial equivalent of the
benefits payable under the Plan as if the participant retired as of December 31,
2022 and using the same actuarial assumptions used in calculating benefits as of
December 31, 2022, and no additional benefits shall accrue under the Plan with
respect to Executive Benefit Participants.
The foregoing description of the amendment to the Plan is qualified in its
entirety by reference to the full text of such amendment, which is filed as
Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
10.1 Amendment to the Caleres, Inc. Supplemental Executive
Retirement Plan
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