8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________

FORM 8-K

_________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

June 27, 2025

Date of Report (Date of earliest event reported)

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Krispy Kreme, Inc.

(Exact name of registrant as specified in its charter)

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Delaware	001-40573	37-1701311
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2116 Hawkins Street, Suite 101, Charlotte, North Carolina 28203

(Address of principal executive offices)

(800) 457-4779

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

_________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock, $0.01 par value per share	DNUT	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)

On June 27, 2025, Krispy Kreme, Inc. (the “Company”) received notice from Jeremiah Ashukian, Executive Vice President and Chief Financial Officer, of his decision to resign, effective July 11, 2025, from all positions with the Company and its subsidiaries to pursue another opportunity. Mr. Ashukian’s decision to resign is not the result of any disagreement with the Company or its Board of Directors (the “Board”), including on any matters relating to the Company’s operations, policies, practices, or financial reporting.

On June 27, 2025, the Company received notice from David Skena, Chief Growth Officer, of his decision to resign, effective July 11, 2025, from all positions with the Company and its subsidiaries to pursue another opportunity. Mr. Skena’s decision to resign is not the result of any disagreement with the Company or the Board, including on any matters relating to the Company’s operations, policies, practices, or financial reporting.

(c)

On July 1, 2025, the Company appointed Raphael Duvivier as Chief Financial Officer to succeed Mr. Ashukian, effective July 11, 2025. Mr. Duvivier, age 42, joined the Company in 2019 and has served in multiple leadership roles, including as segment Chief Financial and Strategy Officer, Chief Development Officer and, most recently, as President, International since January 2025. Prior to joining the Company, Mr. Duvivier held various senior leadership positions at Restaurant Brands International Inc. across multiple regions. Mr. Duvivier holds a B.Sc. in Industrial Engineering from the Pontifícia Universidade Católica do Rio de Janeiro, Brazil, and an M.B.A. from INSEAD.

Mr. Duvivier is not a party to any transaction with the Company that would be reportable under Item 404(a) of Regulation S-K. No family relationships exist between Mr. Duvivier and any of the Company’s directors or executive officers.

Item 7.01 Regulation FD Disclosure.

On July 3, 2025, the Company issued a press release in connection with the appointment of Mr. Duvivier as Chief Financial Officer and certain other matters. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release issued by Krispy Kreme, Inc., dated July 3, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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.

KRISPY KREME, INC.

Dated: July 3, 2025

By:    /s/ Joshua Charlesworth

Name:	Joshua Charlesworth
Title:	Chief Executive Officer

Document

Exhibit 99.1

KRISPY KREME APPOINTS RAPHAEL DUVIVIER AS CHIEF FINANCIAL OFFICER

Company Remains Committed to Goal of Achieving Sustainable, Profitable Growth

Charlotte, N.C. – (July 3, 2025) – Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today announced that Raphael Duvivier, President, International of Krispy Kreme, has been named Chief Financial Officer, effective July 11, 2025. Mr. Duvivier succeeds Jeremiah Ashukian, who decided to leave the Company to pursue an opportunity with a private company.

Since joining Krispy Kreme in 2019, Mr. Duvivier has held multiple leadership roles at the Company, including segment Chief Financial and Strategy Officer, International, and Chief Development Officer, leading international development, strategy, finance, and operations. He previously held various senior leadership positions in global finance, development, and operations at Restaurant Brands International Inc. (NYSE: QSR). Prior to that, he held leadership positions at Opus Investimentos. Mr. Duvivier has over 20 years of global experience across finance, strategy, and operations.

“Raphael has been a respected leader at Krispy Kreme for over six years, and his deep understanding of the Company coupled with his strong finance background will enable a smooth transition as we focus on achieving sustainable, profitable growth,” said Josh Charlesworth, Krispy Kreme CEO. “I am excited to partner even more closely with Raphael and believe his experience, expertise, and leadership style will be a huge benefit as he assumes the role of Chief Financial Officer.”

Additionally, Chief Product Officer Alison Holder has been promoted to Chief Brand and Product Officer effective July 11, 2025, assuming responsibility for the Company’s global marketing initiatives. Ms. Holder has over 25 years of experience with Krispy Kreme, including as Senior Director of Consumer Insights, and has led brand marketing, innovation, research & development, and manufacturing services. She succeeds Chief Growth Officer David Skena who decided to leave the Company to pursue another opportunity.

“We thank Jeremiah and Dave for their contributions over the last several years and wish them both well in their new endeavors,” added Mr. Charlesworth. “I have the utmost confidence in Raphael, Alison, and the rest of our strong team to help drive Krispy Kreme forward as we pursue U.S. expansion through high-volume retail points of distribution and capital-light international franchise growth.”

About Krispy Kreme

Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in more than 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with Krispy Kreme Doughnuts at KrispyKreme.com and follow us on social: X, Instagram and Facebook.

Investor Relations

IR@krispykreme.com

Financial Media

ICR for Krispy Kreme, Inc.

krispykreme@icrinc.com