Kirkland’s (KIRK) has released an update to notify the public and investors about its officers.
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Amy A. Sullivan has been appointed as the new Chief Executive Officer of the Company, effective February 4, 2024, and will also join the Board of Directors. Previously serving in various roles since 2012, including President and Chief Operating Officer, she has now entered into an employment agreement with the Company. This agreement includes a base salary of $525,000, eligibility for annual bonuses and equity-based compensation, and benefits comparable to other senior executives. It also outlines terms for termination, severance packages, and restrictive covenants, including a non-competition clause. Sullivan will receive a signing bonus of Restricted Stock Units and Performance Stock Options, with the Board expanding to accommodate her appointment.
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