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Get filing alertsRisk Profile Improvements
- Elevated Director Opposition (new) — James D. White received 26.7% withheld votes, significantly higher than typical uncontested director elections.
- Reduced Executive Protections (new) — Severance plan amendments reduce change-in-control protections and add restrictive covenants, potentially making executive recruitment more challenging.
CAVA tightens executive severance plan, adds restrictive covenants and forfeiture provisions
Filed June 24, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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Company amended executive severance plan to narrow eligibility to Executive Leadership Team only, require restrictive covenants within 15 days of termination, and add forfeiture provisions for competing employment or covenant violations.
Item 5.02 verify on EDGAR → -
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Severance protections reduced: eliminated one-year advance notice for plan changes, cut post-change-in-control standstill period from five years to two years, and added dollar-for-dollar offset for new employment compensation.
Item 5.02 verify on EDGAR → -
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Director James D. White re-elected with 73.3% support (26.7% withheld), notably lower than Brett Schulman's 99.0% support, suggesting shareholder concerns about his board service.
Item 5.07 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 24, 2026 11:09 AM