1-800-FLOWERS.COM, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by 1-800-FLOWERS.COM, INC. on April 20, 2026, regarding events occurring on April 17, 2026. The filing addresses the formalization of separation arrangements for a former executive officer.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only specific financial figure disclosed relates to executive compensation:
- Severance Base Salary: $823,846 payable over 68 weeks.
Material Changes
The primary material change reported is the finalization of separation terms for Thomas Hartnett, who departed the Company on February 28, 2026, after transitioning from President to Special Advisor to the CEO effective November 3, 2025.
Management Commentary and Separation Arrangements
Effective April 17, 2026, the Company entered into separation arrangements with Mr. Hartnett comprising the following:
- Continued base salary payments for 68 weeks totaling $823,846.
- A pro rata cash bonus for fiscal year 2026 contingent on the Company achieving performance measures under its Sharing Success Plan.
- Healthcare continuation coverage during the severance period.
- Accelerated vesting of restricted stock granted in December 2023 and November 2024.
- Extension of the exercise period for stock options granted in November 2022 until the end of their term.
- Execution of a general release of claims and agreement to restrictive covenants.
The filing text does not provide additional guidance, outlook, or discussion of risks beyond the specific terms of this executive departure.
Key Facts for Investor Verification
- Confirm the total cash outflow impact of the $823,846 severance package on the Company's upcoming quarterly cash flow.
- Verify the specific performance metrics required for Mr. Hartnett to receive the pro rata fiscal year 2026 bonus.
- Assess the accounting impact of the accelerated vesting of restricted stock on the Company's compensation expense.
- Review the Company's succession plan for the President role following Mr. Hartnett's departure.