Business Context and Reporting Period
This Form 8-K filing by Bath & Body Works, Inc. (BBWI) is dated May 20, 2026, with a signature date of May 27, 2026. The report primarily addresses executive leadership transitions and references the issuance of a press release on May 27, 2026, containing unaudited financial results for the first quarter of 2026 and earnings guidance for the second quarter of 2026.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1), which is incorporated by reference but not detailed in the body of this 8-K document.
Material Changes and Executive Transitions
The most significant material change reported is the departure of the Chief Financial Officer and the appointment of interim leadership:
- Resignation: Eva C. Boratto, Chief Financial Officer and Chief Accounting Officer, resigned effective June 12, 2026, to pursue another professional opportunity.
- Interim CFO Appointment: Tom Javitch, Executive Vice President of Brand Finance, was appointed Interim Chief Financial Officer effective June 12, 2026. He will receive a one-time equity award and a monthly stipend.
- Controller Appointment: D. Andrew Meeting was appointed Senior Vice President, Controller, and Principal Accounting Officer effective June 12, 2026.
Compensation and Outlook
Compensation Details: D. Andrew Meeting's new role includes an annual base salary of $500,000, a target annual cash incentive of 50% of base salary, and eligibility for stock options and standard benefit programs. The full offer letter will be filed in the subsequent Form 10-Q.
Guidance and Outlook: The filing confirms that the Company issued earnings guidance for the second quarter of 2026 in the May 27, 2026 press release. However, the specific guidance figures and management commentary are not included in this text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 27, 2026) for specific Q1 2026 financial results and Q2 2026 guidance figures.
- Verify the transition timeline for the CFO role, noting the effective date of June 12, 2026.
- Monitor the upcoming Form 10-Q for the fiscal quarter ending August 1, 2026, for the full text of D. Andrew Meeting's offer letter and detailed financial statements.
- Assess the impact of the CFO transition on the company's financial reporting and strategic execution.