8-K
YETI Holdings, Inc. (YETI)
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
Date of Report (Date of earliest eventreported): September 19, 2022
YETI Holdings, Inc.
(Exact name of registrant as specifiedin its charter)
| Delaware | 001-38713 | 45-5297111 |
|---|---|---|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
7601 Southwest Parkway
Austin, Texas 78735
(Address of principal executive offices, including zip code)
(Registrant's telephone number, including area code):
(512) 394-9384
Not applicable
(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-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on <br><br>which registered |
|---|---|---|
| Common stock, par value $0.01 | YETI | New York Stock Exchange |
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. ¨
Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements ofCertain Officers.
Departureof Chief Financial Officer
On September 19, 2022, Paul C. Carbone, Chief Financial Officer of YETI Holdings, Inc. (“YETI” or the “Company”), provided notice of his resignation from his position with YETI, effective on October 28, 2022, for personal reasons. Mr. Carbone also served as the Company’s principal accounting officer. Mr. Carbone’s decision to resign is not the result of any dispute or disagreement with the Company, the Company’s management or the Board of Directors of the Company on any matter relating to the Company’s operations, policies or practices. YETI has commenced a search for Mr. Carbone’s successor and will make an announcement when his successor has been appointed.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release announcing Mr. Carbone’s resignation is furnished with this Current Report on Form 8-K as Exhibit 99.1.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit<br> No. | Description |
|---|---|
| 99.1 | Press<br> release dated September 23, 2022 |
| 104 | Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |
SIGNATURE
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.
| YETI Holdings, Inc. | ||
|---|---|---|
| Date:<br> September 23, 2022 | By: | /s/<br> Bryan C. Barksdale |
| Bryan<br> C. Barksdale | ||
| Senior<br> Vice President, | ||
| General<br> Counsel and Secretary |
Exhibit99.1
YETIAnnounces Resignation of Chief Financial Officer
AUSTIN, Texas (BusinessWire) Sept. 23, 2022– YETI Holdings, Inc. (“YETI”) (NYSE: YETI), the global retailer and innovator of premium outdoor products, today announced the resignation of Chief Financial Officer, Paul Carbone, effective October 28, 2022. Mr. Carbone will be returning to Boston to pursue a business opportunity that will allow him to be closer to family.
“Paul has made an indelible contribution to the organization during his tenure and was instrumental in guiding YETI through our initial public offering in 2018,” said Matt Reintjes, President & CEO at YETI. “On behalf of the Board of Directors and our entire team, I want to thank Paul for his successful leadership as CFO for our first four years as a public company and I wish Paul and his family all the best on their next adventure.”
Mr. Carbone commented, “I’m incredibly proud of the work we’ve done since I joined YETI in 2018, transitioning from a private entity to an established public company. It has been an honor to work alongside such a dedicated and talented team. I look forward to a smooth transition over the next five weeks and know YETI is well positioned for the future.”
YETI and its Board of Directors have already commenced a search for a new Chief Financial Officer and Mr. Carbone will be actively supporting the transition before his departure.
AboutYETI Holdings, Inc.
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to backpacks and bags, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes our customers. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.
Contact:
media@yeti.comn