Business Context and Reporting Period
This Form 8-K Current Report was filed by YETI Holdings, Inc. on February 13, 2026, with the earliest event reported on that date. The filing primarily addresses significant changes in executive leadership, specifically the appointment of a new Chief Financial Officer (CFO) and the departure of the incumbent.
Key Financial Metrics
This filing does not contain operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and transition arrangements.
- New CFO Base Salary: $725,000 annually.
- New CFO Short-Term Incentive Target: 100% of base salary.
- New CFO Long-Term Incentive Target: 250% of base salary.
- New CFO Sign-On Bonus: $500,000.
- New CFO Equity Grants: $2,500,000 in time-based RSUs and $1,000,000 in performance-based RSUs.
- New CFO Relocation Bonus: $100,000.
- Outgoing CFO Transition Fees: $30,000 total ($10,000/month for three months).
Material Changes Versus Prior Period
The material change reported is the replacement of the Senior Vice President, Chief Financial Officer, and Treasurer.
- Departure: Michael McMullen's role ended effective February 23, 2026. He will receive benefits under the Senior Leadership Severance Benefits Plan and will serve as a consultant until May 31, 2026.
- Appointment: Scott Bomar was appointed as Senior Vice President, Chief Financial Officer, Treasurer, and principal accounting officer, effective February 23, 2026. Mr. Bomar joins from The Home Depot, Inc., where he served as Senior Vice President of Finance since 2022.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on business performance. It does not disclose specific risks or contingencies beyond standard executive transition details. The performance-based RSUs for the new CFO are contingent on pre-determined financial performance metrics and a relative total stockholder return modifier over a three-year period.
Important Facts for Investor Verification
- Verify the effective date of the CFO transition (February 23, 2026) and the overlap period for transition services.
- Review the specific performance metrics attached to the $1,000,000 performance-based RSU grant for the new CFO.
- Confirm the total cost of the executive transition, including the $500,000 sign-on bonus, $3.5 million in equity value, and severance benefits for the outgoing CFO.
- Check subsequent filings for the impact of this leadership change on the company's financial reporting and strategic direction.