1-800 FLOWERS.COM Inc.
04/20/2026 | Press release | Distributed by Public on 04/20/2026 12:32
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, effective November 3, 2025, Thomas Hartnett transitioned from his role as President of 1-800-FLOWERS.COM, Inc. (the "Company") to the role of Special Advisor to the Chief Executive Officer of the Company. Mr. Hartnett assisted in the transition of the President of the Company role until his departure from the Company on February 28, 2026.
In connection with Mr. Hartnett's separation from service with the Company, Mr. Hartnett and the Company entered into separation arrangements, effective as of April 17, 2026, comprising (i) continued base salary payments for 68 weeks (the "Severance Period") in the amount of $823,846; (ii) a pro rata cash bonus payment for fiscal year 2026 to the extent the Company achieves the pertinent performance measures of its Sharing Success Plan; (iii) healthcare continuation coverage during the Severance Period; (iv) accelerated vesting of the outstanding restricted stock granted to Mr. Hartnett in December 2023 and November 2024; (v) extension of the exercise period for the outstanding stock options granted to Mr. Hartnett in November 2022 such that Mr. Hartnett will be permitted to exercise them until the end of their term; (vi) a general release of claims by Mr. Hartnett in favor of the Company; and (vii) Mr. Hartnett's agreement to comply with certain restrictive covenants.
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