Kontoor Brands Inc (KTB) — Who's Buying and Selling (13F, Q2 2026)

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Kontoor Brands — the parent of Lee — signed a stock purchase agreement on May 20 to sell all of the outstanding shares of its wholly-owned subsidiary The H.D. Lee Company to ABG-Storm, an affiliate of Authentic Brands Group, with the deal expected to close during fiscal 2026. Lee has been classified as held-for-sale and reported as discontinued operations since the first quarter of 2026. This 8-K doesn't announce anything new; it simply furnishes recast, unaudited financial statements that present Lee as discontinued operations alongside the company's prior results. No purchase price is disclosed in the filing.

Kontoor Brands (KTB) announced on July 22 that its board expanded from six to seven members, immediately appointing Thomas E. Waldron as a director. His term runs until the 2027 annual meeting. Waldron will receive standard non-employee director compensation as outlined in the company's proxy statement and will sign the usual indemnification agreement.

Kontoor Brands (ticker: KTB) held its 2026 annual meeting on April 23, 2026, and based on shareholder votes and the board's recommendation, the company decided to hold an advisory vote on executive compensation every year until the next vote on the frequency of such votes, which will occur no later than the 2032 annual meeting.

Kontoor Brands (KTB) announced the appointment of Mr. Taylor as Vice President and Chief Accounting Officer, with compensation including an annual base salary of $280,000, an annual bonus target of 40% of base salary, and a long-term incentive award of $225,000, effective August 28, 2026.