KinderCare Learning Companies, Inc.
For the period ended Jan 3, 2026. Filed Mar 13, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Mar 13, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 9B. Other Information
Rule 10b5-1 Arrangements
During our fiscal quarter ended January 3, 2026, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) entered into, modified (as to amount, price or timing of trades) orterminated (i) contracts, instructions or written plans for the purchase or sale of our securities that are intended to satisfy the conditions specified in Rule 10b5-1(c) under the Exchange Act for an affirmative defense against liability for trading in securities on the basis of material nonpublic information or (ii) non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K).
Departure of Chief Operating Officer
On March 11, 2026, the Company eliminated the position of Chief Operating Officer and as a result, Lindsay Sorhondo was terminated from that position. Ms. Sorhondo will remain as a non-executive officer employee until April 4, 2026 to assist in the transition of her duties. Ms. Sorhondo will receive the separation benefits payable in connection with her termination without cause in accordance with the terms of the previously disclosed November 2025 letter agreement with the Company, the Company’s Policy for Providing Severance Payments to Executives (the "Severance Policy"), and the relevant terms of Ms. Sorhondo’s equity, short-term and long-term incentive awards, except as noted herein. On March 12, 2026, the Compensation Committee took action to modify the terms of Ms. Sorhondo’s currently outstanding 2024-2026 long-term incentive plan (LTIP) award such that Ms. Sorhondo will be eligible to receive a prorated payment in respect of the 2024-2026 LTIP award to the extent that the Compensation Committee determines that the Company has achieved the relevant performance goals for the performance period, with any prorated payment made to Ms. Sorhondo at the same time as the Company makes payment to actively employed participants in the 2024-2026 LTIP. The Company also has agreed to provide Ms. Sorhondo, at its expense for a period of 6 months from termination of employment, with executive outplacement services, and at its expense for a period of 12 months from termination of employment, with financial planning services, and continuation of a childcare discount benefit on the same terms as available to the Company’s eligible employees. All separation benefits are conditioned upon Ms. Sorhondo’s compliance with the conditions of the Severance Policy, including her delivery to the Company of a general release of claims in favor of the Company that then becomes effective and irrevocable.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.