Lamb Weston Holdings, Inc. 8-K/A

What Happened Lamb Weston Holdings, Inc. announced a planned CFO transition: James D. Gray will succeed Bernadette M. Madarieta as Chief Financial Officer effective April 2, 2026 (previously announced Feb 4, 2026). The company and Ms. Madarieta entered a Transition and Separation Agreement dated February 19, 2026 under which she will serve as CFO through April 1, 2026 and remain in an advisory role through April 30, 2026. The Compensation and Human Capital Committee approved the agreement.

Key Details

• Severance: $1,500,000 payable in equal installments over 18 months.
• Benefits: Employer-equivalent medical coverage for 18 months.
• Equity and options: Prorated vesting of fiscal 2024–2026 equity awards based on service to the separation date; performance shares subject to final certification; outstanding stock options may be exercised up to three years after separation.
• Restrictions: Ms. Madarieta agreed to a general release and will be subject to one-year non-compete, non-solicit and confidentiality obligations.
• Administrative: Transition Agreement dated Feb 19, 2026 is filed as Exhibit 10.1 to the 8-K.

Why It Matters This 8-K documents a leadership change in the company’s finance function and the financial and contractual terms of the departing CFO’s separation. The overlap and advisory period should support continuity through the April 2, 2026 handoff. The disclosed severance, benefit continuation and equity-treatment terms are items investors watch for potential near-term compensation expense and to understand how key-person transitions are managed; the filing does not include earnings or operational results.