Kontoor Brands Management

Management criteria checks 2/4

Kontoor Brands' CEO is Scott Baxter, appointed in Aug 2018, has a tenure of 5.75 years. total yearly compensation is $9.94M, comprised of 12.4% salary and 87.6% bonuses, including company stock and options. directly owns 0.86% of the company’s shares, worth €29.90M. The average tenure of the management team and the board of directors is 0.8 years and 3.1 years respectively.

Key information

Scott Baxter

Chief executive officer

US$9.9m

Total compensation

CEO salary percentage	12.4%
CEO tenure	5.8yrs
CEO ownership	0.9%
Management average tenure	less than a year
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Baxter's remuneration changed compared to Kontoor Brands's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$224m
Dec 30 2023	US$10m	US$1m	US$231m
Sep 30 2023	n/a	n/a	US$214m
Jul 01 2023	n/a	n/a	US$205m
Apr 01 2023	n/a	n/a	US$231m
Dec 31 2022	US$11m	US$1m	US$245m
Oct 01 2022	n/a	n/a	US$238m
Jul 02 2022	n/a	n/a	US$250m
Apr 02 2022	n/a	n/a	US$212m
Jan 01 2022	US$10m	US$1m	US$195m
Oct 02 2021	n/a	n/a	US$195m
Jul 03 2021	n/a	n/a	US$192m
Apr 03 2021	n/a	n/a	US$135m
Jan 02 2021	US$6m	US$917k	US$68m
Sep 26 2020	n/a	n/a	US$54m
Jun 27 2020	n/a	n/a	US$7m
Mar 28 2020	n/a	n/a	US$79m
Dec 28 2019	US$5m	US$825k	US$97m
Sep 28 2019	n/a	n/a	US$120m
Jun 29 2019	n/a	n/a	US$176m
Mar 30 2019	n/a	n/a	US$199m
Dec 29 2018	US$4m	US$743k	US$263m

Compensation vs Market: Scott's total compensation ($USD9.94M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Baxter (58 yo)

5.8yrs

Tenure

US$9,941,061

Compensation

Mr. Scott H. Baxter is Independent Director of Lowe's Companies, Inc. from August 4, 2022. He served as Independent Director at Topgolf Callaway Brands Corp. (formerly known as Callaway Golf Company) from...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Baxter	President	5.8yrs	US$9.94m	0.86% $ 29.9m
Joseph Alkire	Executive VP & CFO	less than a year	US$3.17m	no data
Thomas Waldron	Chief Operating Officer	less than a year	US$3.19m	0.25% $ 8.7m
Thomas Doerr	Executive VP	2yrs	US$1.51m	0.057% $ 2.0m
Christopher Waldeck	Executive Officer	less than a year	US$3.19m	0.20% $ 6.9m
Denise Sumner	VP & Chief Accounting Officer	no data	no data	no data
Eric Tracy	VP of Corporate Finance & Investor Relations	no data	no data	no data
Mame Annan-Brown	Exec. VP of Global Communications	2yrs	no data	no data
Peter Kidd	Executive VP & Chief Human Resources Officer	less than a year	no data	0.029% $ 1.0m
Jenni Broyles	Executive VP & Global Brands President of Wrangler & Lee	less than a year	no data	0.067% $ 2.3m
Ezio Garciamendez	Executive VP & Chief Supply Chain Officer	1.5yrs	no data	no data
David Kovach	VP & Treasurer	no data	no data	no data

0.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 3KO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Baxter	President	5yrs	US$9.94m	0.86% $ 29.9m
Robert Shearer	Lead Independent Director	5yrs	US$375.00k	0.082% $ 2.9m
Shelley Stewart	Independent Director	5yrs	US$265.00k	0.034% $ 1.2m
Mark Schiller	Independent Director	3yrs	US$245.00k	0.023% $ 794.1k
Mary Elizabeth Campbell	Independent Director	less than a year	no data	0.0048% $ 166.3k
Robert Lynch	Independent Director	3.2yrs	US$245.00k	0.019% $ 665.2k
Ashley Goldsmith	Independent Director	2.3yrs	US$262.45k	0.013% $ 449.3k
Andrew Page	Independent Director	1.9yrs	US$245.00k	0.019% $ 679.5k

3.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 3KO's board of directors are considered experienced (3.1 years average tenure).

Kontoor Brands Management

Management criteria checks 2/4

Key information

Recent management updates

Kontoor Brands Appoints Tom Waldron as Chief Operating Officer

Kontoor Brands, Inc., Annual General Meeting, Apr 18, 2024

High number of new directors

Kontoor Brands, Inc Appoints Mary Campbell to the Board of Directors

Kontoor Brands, Inc. Announces Executive Changes, Effective August 31, 2023

Kontoor Brands, Inc. Announces Executive Changes

Recent updates

Kontoor Brands, Inc. Updates Earnings Guidance for the First Half and Fiscal Year 2024

First quarter 2024 earnings released: EPS: US$1.07 (vs US$1.19 in 1Q 2023)

Fourth quarter dividend of US$0.50 announced

Kontoor Brands Declares Quarterly Cash Dividend, Payable on June 20, 2024

Kontoor Brands, Inc. to Report Q1, 2024 Results on May 02, 2024

Kontoor Brands Appoints Tom Waldron as Chief Operating Officer

Kontoor Brands, Inc., Annual General Meeting, Apr 18, 2024

High number of new directors

Now 24% undervalued

Kontoor Brands, Inc Appoints Mary Campbell to the Board of Directors

Full year 2023 earnings released: EPS: US$4.13 (vs US$4.40 in FY 2022)

Upcoming dividend of US$0.50 per share

Third quarter dividend of US$0.50 announced

Kontoor Brands, Inc. Declares Quarterly Dividend, Payable on March 18, 2024

Kontoor Brands, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Kontoor Brands, Inc. (NYSE:KTB) announces an Equity Buyback for $300 million worth of its shares.

Upcoming dividend of US$0.50 per share at 3.7% yield

Kontoor Brands, Inc. Provides Revenue Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$1.06 (vs US$0.92 in 3Q 2022)

Kontoor Brands, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 18, 2023

Kontoor Brands, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Kontoor Brands' Wrangler and Mattel Inc.'s Barbie Launch Collection of Coordinating Denim, Jackets, Tops, Tees, and Dresses for Women and Girls

Kontoor Brands, Inc.'s Lee Launches the Re-imagined Women's Lee Rider Jean

Kontoor Brands, Inc's Lee Launches the Re-imagined Women's Lee Rider Jean

Upcoming dividend of US$0.48 per share at 4.3% yield

Kontoor Brands, Inc. Announces Executive Changes, Effective August 31, 2023

Kontoor Brands, Inc. Announces Executive Changes

Kontoor Brands, Inc. Provides Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$1.11 in 2Q 2022)

Kontoor Brands, Inc. Declares Quarterly Dividend, Payable on September 18, 2023

Kontoor Brands, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.48 per share at 5.0% yield

Kontoor Brands, Inc. Reaffirms Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$1.19 (vs US$1.44 in 1Q 2022)

Executive VP recently sold €478k worth of stock

Upcoming dividend of US$0.48 per share at 3.7% yield

Full year 2022 earnings released: EPS: US$4.40 (vs US$3.41 in FY 2021)

Kontoor Brands, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of US$0.48 per share

Third quarter 2022 earnings released: EPS: US$0.92 (vs US$1.10 in 3Q 2021)

Kontoor Brands, Inc. Provides Earnings Guidance for the Full Year 2022

Kontoor Brands, Inc. Declares Quarterly Dividend, Payable on December 19, 2022

Kontoor Brands, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Kontoor Brands, Inc. Appoints Ezio Garciamendez as Senior Vice President, Chief Supply Chain Officer, Effective November 1, 2022

Now 22% undervalued

Now 22% undervalued

Upcoming dividend of US$0.46 per share

Second quarter 2022 earnings released: EPS: US$1.11 (vs US$0.41 in 2Q 2021)

Kontoor Brands, Inc. Provides Earnings Guidance for the Second Half of 2022

Kontoor Brands, Inc. Announces Regular Quarterly Cash Dividend, Payable on September 19, 2022

Now 20% undervalued after recent price drop

Kontoor Brands, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Now 22% undervalued after recent price drop

Kontoor Brands, Inc. Appoints Andrew E. Page as Director and Member of Audit Committee

Upcoming dividend of US$0.46 per share

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Kontoor Brands Appoints Mame Annan-Brown as Global Head of ESG

First quarter 2022 earnings released: EPS: US$1.44 (vs US$1.12 in 1Q 2021)

Kontoor Brands, Inc. Provides Earnings Guidance for the Second Quarter 2022

Kontoor Brands Appoints Tom Doerr as Executive Vice President, General Counsel & Corporate Secretary, Effective June 6, 2022

Kontoor Brands Declares Quarterly Dividend, Payable on June 20, 2022

Kontoor Brands, Inc. to Report Q1, 2022 Results on May 05, 2022

Kontoor Brands, Inc. Provides Earnings Guidance for the First Quarter, Second Quarter, First Half and Full Year of 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Kontoor Brands, Inc. Provides Earnings Guidance for the First Half and Full Year 2022

Upcoming dividend of US$0.46 per share

Kontoor Brands, Inc. Declares Quarterly Dividend, Payable on March 18, 2022

Kontoor Brands, Inc. to Report Q4, 2021 Results on Mar 01, 2022