Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 15, 2021, the Board of Directors of Stitch Fix, Inc. (the "Company")
appointed Sarah Barkema, age 39, as the Company's principal accounting officer,
effective immediately. Ms. Barkema will report to Dan Jedda, the Company's Chief
Financial Officer, as the Company's Vice President, Chief Accounting Officer.
Prior to joining the Company, Ms. Barkema was employed by Fortive Corporation
where she held the roles of Vice President, Corporate Finance and Reporting from
November 2019 through November 2021 and Senior Director and Director, Corporate
Finance and Reporting from February 2018 through November 2019, where she was
responsible for the external reporting and technical accounting functions. Prior
to joining Fortive, Ms. Barkema served as Director of SEC Reporting at VF
Corporation from October 2016 to February 2018.
In connection with Ms. Barkema's appointment, the Company and Ms. Barkema
entered into an offer letter on September 27, 2021, under which Ms. Barkema will
receive $350,000 in annual base salary; eligibility to participate in the
Company's executive bonus program, with a target bonus of 30% of base salary;
and a stock award valued at $1,700,000 to be granted in restricted stock units.
Ms. Barkema has no family relationships with any director, executive officer or
person nominated or chosen by the Company to become a director or executive
officer of the Company. Ms. Barkema is not a party to any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.
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