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Get filing alertsCaleres promotes Daniel Karpel to permanent CFO with $550K salary, $1.3M equity package
Filed May 20, 2026 · Period ending May 20, 2026 · ~1 min read
Key Changes
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Daniel Karpel, interim CFO since January 2026, appointed permanent Chief Financial Officer effective May 20, 2026. Karpel previously served as Chief Accounting Officer at Caleres from 2008-2016 and brings over 30 years of finance experience.
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Karpel receives equity awards totaling approximately $1.3M including $350K restricted stock vesting over 2-3 years, $550K performance stock for 2026-2028, and potential $385K three-year stock price incentive award, aligning compensation with long-term shareholder value.
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CFO compensation set at $550K annual base salary plus target bonus of 65% of base salary (approximately $358K) under the Annual Incentive Plan, plus $100K one-time payment for interim service.
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Summary
Caleres ended its CFO search by promoting from within, naming Daniel Karpel as permanent Chief Financial Officer after a four-month interim period. Karpel is a known quantity to the company, having previously served as Chief Accounting Officer from 2008-2016 before returning in January 2026. The appointment provides leadership stability in the finance function.
The compensation package is structured to retain Karpel long-term, with most equity awards vesting over 2-3 years and tied to performance metrics or stock price appreciation. The total package of $550,000 annually (including target bonus and equity) appears market-competitive for a mid-cap retail CFO role. Retail investors should monitor Karpel's first earnings call as permanent CFO and watch for any changes in financial reporting, capital allocation strategy, or investor communication approach as he transitions from interim to permanent leadership.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
Caleres filed an 8-K attaching a press release issued May 20, 2026; no material event details disclosed in the filing body.
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Press Release Issued May 20, 2026.
The 8-K references a press release issued on May 20, 2026, attached as Exhibit 99.1. The filing body does not disclose the content or subject matter of the press release, so the nature and materiality of the event cannot be determined from this 8-K alone. Investors must review Exhibit 99.1 to understand what was announced.
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