CARTERS INC
For the period ended May 13, 2026. Filed Apr 1, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 13, 2026 · Filed Apr 1, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
Carter's, Inc.
(Name of Registrant as Specified In Its Charter)
Not applicable.
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
April 1, 2026
Dear Stockholder,
It is my pleasure to invite you to attend our 2026 Annual Meeting of Stockholders on Wednesday, May
13, 2026 (the “Annual Meeting”). The meeting will be held in a virtual format.
The attached 2026 Notice of Annual Meeting of Stockholders and Proxy Statement describe the formal
business to be conducted at the meeting. Whether or not you plan to attend the Annual Meeting, your
shares can be represented if you promptly submit your voting instructions over the internet, by
telephone, by completing, signing, dating, and returning your proxy card in the enclosed envelope, or by
following the instructions you have received from your broker or other nominee.
On behalf of our Board of Directors and Leadership Team, thank you for your investment in Carter's,
Inc.
Sincerely,
Gretchen W. Schar
Non-Executive Chair of the Board of Directors
2026 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
This Meeting Notice highlights information described in other parts of this 2026 Proxy Statement and does not contain all
information you should consider in voting. Please read the entire 2026 Proxy Statement carefully before voting.
To our stockholders,
You are invited to attend our 2026 Annual Meeting to be held as follows in a virtual meeting format:
ITEMS OF BUSINESS
| Item | Board's Recommendation | Voting Approval Standard | Effect of Abstention | Effect of Broker Non-Vote |
|---|---|---|---|---|
| Election of nine nominated directors | FOR | More votes “For” than "Against" | No effect | No effect |
| Advisory approval of compensation of named executive officers | FOR | More votes “For” than "Against" | No effect | No effect |
| Approval of amended and restated equity incentive plan | FOR | Majority of votes properly cast at the meeting | No effect | No effect |
| Ratification of appointment of PricewaterhouseCoopers LLP for fiscal 2026 | FOR | Majority of votes properly cast at the meeting | No effect | Not applicable |
In addition, at the Annual Meeting we will conduct any other business that may properly come before the meeting. See
Question 19 of the “Questions and Answers About the 2026 Annual Meeting” beginning on page 87 for more information.
PROXY SOLICITATION
The Board solicits the enclosed proxy for the 2026 Annual Meeting and any adjournment or postponement of the 2026 Annual
Meeting. Any proxy may be revoked at any time prior to its exercise at the 2026 Annual Meeting.
VOTING
You may vote if you held shares of Carter's common stock as of the record date (March 20, 2026). You are able to vote your
shares by providing instructions to the proxy holders who will then vote in accordance with your instructions. We urge you to
read the 2026 Proxy Statement carefully and to vote in accordance with the recommendations of the Board.
QUESTIONS AND ANSWERS ABOUT THE 2026 ANNUAL MEETING
We encourage you to review the section "Questions and Answers About the 2026 Annual Meeting" for answers to common
questions about the virtual meeting, proxy materials, voting, and other topics.
By order of the Board of Directors,
Antonio D. Robinson
Secretary
Approximate Date of Mailing of Proxy Materials or Notice of Internet Availability:
April 1, 2026
TABLE OF CONTENTS
| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE INFORMATION | 2 |
|---|---|
| PROPOSAL NUMBER ONE: ELECTION OF DIRECTORS | 26 |
| COMPENSATION OF DIRECTORS | 27 |
| EXECUTIVE OFFICERS’ BIOGRAPHICAL INFORMATION AND EXPERIENCE | 29 |
| COMPENSATION DISCUSSION AND ANALYSIS | 33 |
| COMPENSATION & HUMAN CAPITAL COMMITTEE REPORT | 52 |
| COMPENSATION & HUMAN CAPITAL COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION | 52 |
| FISCAL 2025 SUMMARY COMPENSATION TABLE | 53 |
| FISCAL 2025 GRANTS OF PLAN-BASED AWARDS | 55 |
| OUTSTANDING EQUITY AWARDS AT FISCAL 2025 YEAR-END | 57 |
| OPTION EXERCISES AND STOCK VESTED IN FISCAL 2025 | 59 |
| NONQUALIFIED DEFERRED COMPENSATION | 59 |
| POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL | 61 |
| PAY RATIO DISCLOSURE | 64 |
| PAY VERSUS PERFORMANCE DISCLOSURE | 65 |
| TRANSACTIONS WITH RELATED PERSONS, PROMOTERS, AND CERTAIN CONTROL PERSONS | 70 |
| SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS, AND EXECUTIVE OFFICERS | 71 |
|---|---|
| DELINQUENT SECTION 16 REPORTS | 73 |
| PROPOSAL NUMBER TWO: ADVISORY VOTE ON APPROVAL OF EXECUTIVE COMPENSATION | 74 |
| PROPOSAL NUMBER THREE: APPROVAL OF THE COMPANY’S AMENDED AND RESTATED EQUITY INCENTIVE PLAN | 75 |
| AUDIT COMMITTEE REPORT | 83 |
| PROPOSAL NUMBER FOUR: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 84 |
| OTHER MATTERS | 86 |
| QUESTIONS AND ANSWERS ABOUT THE 2026 ANNUAL MEETING | 87 |
| APPENDIX A — NON-GAAP DISCLOSURES | 94 |
| APPENDIX B — CARTER’S, INC. AMENDED AND RESTATED EQUITY INCENTIVE PLAN | 96 |
FORWARD-LOOKING STATEMENTS
Statements contained in this proxy statement that are not historical fact and use predictive words such as
“estimates”, “outlook”, “guidance”, “expect”, “believe”, “intend”, “designed”, “target”, “plans”, “may”, “will”, “are
confident” and similar words are forward-looking statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995). These forward-looking statements and related assumptions involve risks and
uncertainties that could cause actual results and outcomes to differ materially from any forward-looking
statements or views expressed in this proxy statement. These risks and uncertainties include, but are not
limited to, those discussed in the subsection entitled “Risk Factors” under Part I, Item 1A, of our most recent
Annual Report on 10-K, and otherwise in our reports and filings with the Securities and Exchange Commission,
as well as the following factors: changes in global economic and financial conditions, and the resulting impact
on consumer confidence and consumer spending, as well as other changes in consumer discretionary
spending habits; risks related to public health crises; risks related to the organizational restructuring plan,
including, but not limited to, our ability to achieve the expected savings from the plan and to fully implement the
plan; risks related to consumer tastes and preferences, as well as fashion trends; the failure to protect our
intellectual property; the diminished value of our brands, potentially as a result of negative publicity or
unsuccessful branding and marketing efforts; delays, product recalls, or loss of revenue due to a failure to
meet our quality standards; risks related to uncertainty regarding the future of international trade agreements
and the United States’ position on international trade, as well as significant political, trade, and regulatory
developments and other circumstances beyond our control; the roll-back of incremental tariffs imposed under
the International Emergency Economic Powers Act (the “incremental tariffs”) and any additional actions taken
in response to their roll-back, including tariffs imposed pursuant to Section 122 of the Trade Act of 1974 (the
“122 tariffs”); our ability to recover refunds of incremental tariff amounts or other tariff amounts paid; increased
competition in the marketplace; financial difficulties for one or more of our major customers; identification of
locations and negotiation of appropriate lease terms for our retail stores; distinct risks facing our eCommerce
business; failure to forecast demand for our products and our failure to manage our inventory; increased
margin pressures, including increased cost of materials and labor and our inability to successfully increase
prices to offset these increased costs; continued inflationary pressures with respect to labor and raw materials
and global supply chain constraints that have, and could continue, to affect freight, transit, and other costs;
fluctuations in foreign currency exchange rates; unseasonable or extreme weather conditions; risks associated
with corporate responsibility issues; our foreign sourcing arrangements; a relatively small number of vendors
supply a significant amount of our products; disruptions in our supply chain, including increased transportation
and freight costs; our ability to effectively source and manage inventory; problems with our Braselton, Georgia
distribution facility; pending and threatened lawsuits; a breach of our information technology systems and the
loss of personal data or a failure to implement new information technology systems successfully; unsuccessful
expansion into international markets; failure to comply with various laws and regulations; failure to properly
manage strategic initiatives; retention of key individuals; acquisition and integration of other brands and
businesses; failure to achieve sales growth plans and profitability objectives to support the carrying value of
our intangible assets; our continued ability to meet obligations related to our debt; changes in our tax
obligations, including additional customs, duties or tariffs; our continued ability to declare and pay a dividend;
volatility in the market price of our common stock; and the cost or effort required for our stockholders to bring
certain claims or actions against us, as a result of our designation of the Court of Chancery of the State of
Delaware as the sole and exclusive forum for certain types of actions and proceedings. Except for any ongoing
obligations to disclose material information as required by federal securities laws, the Company does not
undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise. The inclusion of any statement in this proxy statement does not
constitute an admission by the Company or any other person that the events or circumstances described in
such statement are material.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.