Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Senior Vice President of Sales
On March 20, 2023, YETI Holdings, Inc. ("YETI" or the "Company"), announced a
realignment of its commercial and sales organization, which included, among
other things, elimination of the position of Senior Vice President of Sales. As
a result of this planned transition, on such date YETI terminated the employment
of Kirk A. Zambetti, who has served as YETI's Senior Vice President of Sales
since 2016. Mr. Zambetti will provide transition services as a consultant to the
Company for a period of three months following the termination of his employment
at a rate of $10,000 per month. In connection with the termination of his
employment, Mr. Zambetti and the Company entered into a Separation Agreement
pursuant to which Mr. Zambetti will receive the benefits to which he is entitled
under YETI's Senior Leadership Severance Benefits Plan.
Following the realignment, all of YETI's commercial functions, including those
previously performed by Mr. Zambetti, will be led by S. Faiz Ahmad, YETI's Chief
Commercial Officer.
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