Business Context and Reporting Period
This Form 8-K Current Report was filed by Leslie's, Inc. on September 12, 2025, regarding events reported on September 16, 2025. The filing discloses significant changes to the company's executive leadership, specifically the appointment of a new Chief Financial Officer and the transition of the outgoing CFO to an advisory role.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and appointment details.
Material Changes
- Appointment of CFO: Jeff White was appointed as Chief Financial Officer and Treasurer, effective October 5, 2025. He will serve as the principal financial and accounting officer.
- Transition of Outgoing CFO: Tony Iskander will transition to an advisor role effective October 5, 2025, through January 3, 2026, to facilitate the leadership change.
Compensation and Management Commentary
Jeff White (Incoming CFO)
- Base Salary: $575,000 annually, starting October 5, 2025.
- Target Bonus: 85% of base salary. He is not eligible for bonuses related to the 2025 fiscal year.
- Equity Grant: 435,000 restricted stock units (RSUs) with a grant date of October 5, 2025.
- Sign-on Bonus: One-time payment of $295,000, payable after 30 days of employment.
- Benefits: Eligible for the Executive Severance Pay Plan and standard employee benefits.
Tony Iskander (Outgoing CFO/Advisor)
- Advisor Compensation: $50,000 per month for a three-month period (October 5, 2025, to January 3, 2026), totaling $150,000.
- Restrictions: Not eligible for incentive/bonus programs or the Executive Severance Pay Plan.
Investor Verification Checklist
- Verify the exact start date of Jeff White's employment (October 5, 2025) and the corresponding vesting schedule for the 435,000 RSUs.
- Review the attached Exhibit 10.1 (Offer Letter for Jeff White) and Exhibit 10.2 (Offer Letter for Tony Iskander) for full terms and conditions.
- Confirm the total cash outlay for the transition, including the $295,000 sign-on bonus and the $150,000 advisory fee.
- Assess the impact of the leadership change on the company's financial reporting timeline and investor relations strategy.