Kontoor Brands, Inc. filed a Form 8-K on August 12, 2026, disclosing the appointment of Joseph A. Alkire as President and Chief Financial Officer and confirming that Scott H. Baxter will continue as Chief Executive Officer and Chairman of the Board.

Key Highlights

  • New title for Alkire: Joseph A. Alkire, previously Executive Vice President, Chief Financial Officer and Global Head of Operations, was named President and Chief Financial Officer, effective August 12, 2026.
  • Baxter retains dual role: Scott H. Baxter continues as Chief Executive Officer and Chairman of the Board of Directors.
  • Base salary set at $900,000: The Talent and Compensation Committee approved an annual base salary of $900,000 for Alkire in his new role.
  • Annual bonus target at 120%: Alkire's annual bonus target under the Company's annual incentive plan was set at 120% of his base salary.
  • Long-term incentive opportunity of $2,600,000: Alkire received an award opportunity under the Company's long-term incentive plan equal to $2,600,000.
  • All changes effective August 12, 2026: The compensation adjustments are all effective as of the announcement date.

Kontoor Brands Restructures Senior Leadership With Alkire Promotion

According to the filing, Kontoor Brands (NYSE:KTB) announced the promotion of Joseph A. Alkire on August 12, 2026. Alkire previously held the title of Executive Vice President, Chief Financial Officer and Global Head of Operations. In his new role, he will serve as President and Chief Financial Officer. The filing states that Scott H. Baxter, who previously held the titles of Chief Executive Officer, President, and Chairman, will continue as Chief Executive Officer and Chairman, with the President title now passing to Alkire.

In connection with the appointment, the filing discloses that the Talent and Compensation Committee of the Company's Board of Directors approved three specific changes to Alkire's compensation package, all effective August 12, 2026. These are: an annual base salary of $900,000; an annual bonus target under the Company's annual incentive plan equal to 120% of his base salary; and an award opportunity under the Company's long-term incentive plan equal to $2,600,000.

The filing was signed by Thomas L. Doerr, Jr., Executive Vice President, Chief Legal Officer and Secretary of Kontoor Brands, Inc. No additional financial statements or exhibits beyond the cover page interactive data file were included with the report.

What Was Disclosed

Kontoor Brands disclosed a senior leadership change elevating Joseph A. Alkire to President and CFO alongside updated compensation terms, while Scott H. Baxter retains the CEO and Chairman roles. All changes are effective August 12, 2026.