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Posted 29 June, 2023

1 800 FLOWERS COM INC appointed Mr. Jim McCann as new CEO

Nasdaq:FLWS appointed new Chief Executive Officer Mr. Jim McCann in a 8-K filed on 29 June, 2023.


  (c) Effective July 3, 2023, the board of directors (the "Board") appointed Mr. Jim McCann, who has been Chairman since July 2016, to also hold the position of Chief Executive Officer of the Company.  

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Overview of 1 800 FLOWERS COM INC
Retail/Wholesale • Specialty Retail
1-800-FLOWERS.COM, Inc. engages in the provision of gift design. It operates through the following segments: Consumer Floral and Gifts, BloomNet, Gourmet Foods and Gift Baskets. The Consumer Floral and Gifts segment focuses on the operation of 1-800-Flowers.com, PersonalizationMall, Alice’s Table, and Things Remembered. The BloomNet segment includes memberships, service offerings to florists, and other products. The Gourmet Foods and Gift Baskets segment involves the management of Harry & David, Wolferman’s, Cheryl’s Cookies, The Popcorn Factory, 1-800- Baskets/DesignPac, Shari’s Berries, and Vital Choice. The company was founded by James Francis McCann in 1976 and is headquartered in Jericho, NY.
Market Cap
$647M
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1 800 FLOWERS COM INC by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b) On June 29, 2023, Mr. Christopher McCann resigned from his position as Chief Executive Officer of the Company, effective July 3, 2023, and will take a leave of absence for personal health reasons that will end no later than December 31, 2023. During his leave of absence, Mr. Christopher McCann will continue to serve as a Board member of the Company, and to serve on the board and as an officer of various subsidiaries of the Company as he now serves and will continue to be an employee of the Company with the base salary, compensation and benefits specified in his employment agreement, dated as of July 4, 2016. Other than with respect to the applicable provisions of section 3 of Mr. Christopher McCann's employment agreement regarding his position, all other terms and conditions of the agreement will continue in effect during his leave.


(c) Effective July 3, 2023, the board of directors (the "Board") appointed Mr. Jim McCann, who has been Chairman since July 2016, to also hold the position of Chief Executive Officer of the Company. Effective with his appointment as Chief Executive Officer, Mr. Jim McCann will receive additional cash compensation equal to $1,000,000 per annum. In addition, in lieu of the annual contribution under the Company's Nonqualified Supplemental Deferred Compensation Plan as provided in his employment agreement, dated as of July 4, 2016, Mr. Jim McCann will become a participant in the Company's Sharing Success Plan with his annual bonus target equal to 100% of his base salary, in each case commencing with the 2024 fiscal year. Other than with respect to the applicable provisions of Mr. Jim McCann's employment agreement regarding his additional position as Chief Executive Officer and compensation, all other terms and conditions of the agreement will continue in effect.