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.

Appointment of Chief Financial Officer and Treasurer

On September 16, 2025, Leslie's, Inc. (the "Company") announced that the Board of Directors of the Company (the "Board") appointed Jeff White, age 40, as the Company's Chief Financial Officer and Treasurer (in which capacity he will serve as the Company's principal financial officer and principal accounting officer), effective as of October 5, 2025.

Mr. White has extensive experience in financial planning and analysis, accounting and financial reporting, tax, internal audit, investor relations, treasury, risk management, and real estate. Mr. White spent nearly nine years with Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH), an outdoor sporting goods retailer, where he most recently served as Chief Financial Officer from January 2022 and Secretary from September 2021 until August 2025, and as Vice President of Finance, Chief Accounting Officer and Interim Chief Financial Officer from September 2021 to January 2022. From August 2016 to September 2021, Mr. White served in various capacities including as the company's Senior Director, Finance and Accounting. Prior to Sportsman's Warehouse, Mr. White served in various roles at KPMG LLP starting in August 2011, including Manager, Senior Associate, and Associate within the audit group.

Mr. White is a licensed certified public accountant (Utah) and holds a B.A. and master's degree in accountancy from the University of Utah.

In connection with his appointment, Mr. White will receive a base salary of $575,000 and a target bonus of 85% of his salary, in each case, starting on the Effective Date. Mr. White will not be eligible for any bonuses relating to the Company's 2025 fiscal year. Mr. White was awarded an initial equity grant consisting of a total of 435,00 restricted stock units, with a grant date of October 5, 2025, subject to the terms and conditions set forth in the award agreement evidencing the award and approved by the Compensation Committee. Mr. White will receive a one-time sign-on bonus in the amount of $295,000, which will be paid to him on the first regular payroll processing date after 30 days of employment. The foregoing description of Mr. White's compensation does not purport to be complete and is qualified in its entirety by reference to the full text of the offer letter between Mr. White and the Company, effective as of October 5, 2025, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Mr. White will participate in the Company's Executive Severance Pay Plan (the "Executive Severance Pay Plan") consistent with other executives. The Executive Severance Pay Plan provides for payment of severance benefits to certain senior executives upon involuntary termination in specified circumstances. Mr. White will also receive other benefits generally available to the Company's salaried employees.

Mr. White and his immediate family members are not party to any related party transactions for which disclosure would be required pursuant to Item 404(a) of Regulation S-K. There is no family relationship between Mr. White and any of the Company's directors or executive officers, and there are no arrangements or understandings with other persons pursuant to which Mr. White was selected as an officer.

The Company also announced on September 16, 2025, that Tony Iskander has accepted an advisor role with the Company effective October 5, 2025 through January 3, 2026, to facilitate a smooth and orderly transition for Mr. White as the Company's incoming Chief Financial Officer. As an advisor, Mr. Iskander will receive compensation in the amount of $50,000 per month, for total compensation of $150,000 through his appointment as an advisor, and he will not be eligible for any incentive and bonus programs and will not participate in the Company's Executive Severance Pay Plan. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the offer letter between Mr. Iskander and the Company, effective as of October 5, 2025, a copy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference.