CALERES INC 8-K

What Happened

• Caleres Inc. announced on January 21, 2026 (8-K) that Senior Vice President & CFO Jack P. Calandra stepped down as an officer effective January 15, 2026 and will terminate employment on January 30, 2026. The filing states his departure is not due to any disagreement with the company on operations, policies or accounting matters.
• The company appointed Daniel L. Karpel (age 55), its Senior Vice President and Chief Accounting Officer, to serve as Interim Chief Financial Officer effective January 21, 2026. Mr. Karpel has over 30 years of finance and accounting experience and previously served at Caleres from 2008–2016 (including as Chief Accounting Officer, 2013–2016).
• On January 21, 2026 Caleres issued a press release updating its fourth-quarter and fiscal 2025 outlook to reflect the potential impact of the Saks Global bankruptcy and possible restructuring charges not previously anticipated.

Key Details

• Jack P. Calandra: stepped down as officer effective Jan 15, 2026; employment ends Jan 30, 2026; departure not related to disagreements or accounting issues.
• Daniel L. Karpel: appointed Interim CFO effective Jan 21, 2026; over 30 years’ experience; returnee to Caleres (2013–2016 served as CAO).
• Company disclosed an updated Q4 and fiscal 2025 outlook on Jan 21, 2026 citing potential impact from the Saks Global bankruptcy and possible restructuring charges.

Why It Matters

• Leadership change at the finance function can affect investor confidence, financial reporting continuity and near-term execution; Caleres named an experienced internal successor on an interim basis to maintain continuity.
• The updated outlook tied to the Saks Global bankruptcy signals potential downside risk to Caleres’ fourth-quarter and full-year 2025 results (possible restructuring charges). Investors should watch forthcoming earnings, guidance revisions, and any disclosed charge amounts in future filings or press releases.