YETI Holdings, Inc. 8-K

What Happened

• YETI Holdings, Inc. announced on Feb 19, 2026 (8-K) that Scott Bomar will become Senior Vice President, Chief Financial Officer and Treasurer, and principal accounting officer, effective Feb 23, 2026. Mr. Bomar joins from The Home Depot and previously served as CFO of Deluxe Corporation.
• The company informed Michael McMullen on Feb 13, 2026 that his role as Senior Vice President, Chief Financial Officer and Treasurer will end effective Feb 23, 2026. McMullen will provide transition consulting services through May 31, 2026.

Key Details

• Compensation for Scott Bomar: annual base salary of $725,000; 2026 short-term incentive target = 100% of base salary; 2026 long-term incentive target = 250% of base salary.
• Sign-on and relocation: $500,000 cash sign-on bonus; time-based RSUs valued at $2,500,000; performance-based RSUs valued at $1,000,000; $100,000 relocation bonus.
• Vesting: time-based RSUs — one-third vests at 1 year, then one-sixth vests at each of the next four six-month anniversaries; performance RSUs — cliff vest after a three-year performance period based on company financial metrics with a relative TSR modifier.
• Separation/transition for McMullen: eligible for benefits under the Senior Leadership Severance Benefits Plan and will be paid $10,000 per month as a consultant (total $30,000 through May 31, 2026).

Why It Matters

• This is a leadership change at the finance and accounting top levels: a new CFO/principal accounting officer can affect financial strategy, reporting and investor communications.
• The compensation package (base pay, substantial equity grants and performance incentives) signals management’s effort to align the new CFO with multi-year company performance.
• The outgoing CFO’s transition consulting and severance arrangements aim to support continuity through the handover while creating modest near-term cash and equity costs reflected in executive compensation disclosures.