1-800 FLOWERS.COM Inc.

10/15/2024 | Press release | Distributed by Public on 10/15/2024 12:00

Management Change/Compensation Form 8 K

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, effective December 29, 2024, William E. Shea will retire from his position as Senior Vice President, Treasurer and Chief Financial Officer of 1-800-FLOWERS.COM, Inc. (the "Company"). On October 10, 2024, in recognition of Mr. Shea's service to the Company, the Board of Directors approved the modification of the outstanding equity awards previously granted to Mr. Shea. Pursuant to the modification, effective upon Mr. Shea's retirement on December 29, 2024: (1) the vesting of the outstanding restricted stock granted to Mr. Shea in November 2022 and December 2023 and the performance units granted to Mr. Shea in December 2023 (to the extent earned based on actual performance) will accelerate; and (2) the vesting of the outstanding stock options granted to Mr. Shea in November 2022 will accelerate and Mr. Shea will be permitted to exercise the options until the end of their term.