Filing Analysis
1-800-FLOWERS.COM, INC. reported its financial results for the fiscal 2026 third quarter ended March 29, 2026. The disclosure was made via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The filing reports financial results for the third quarter of fiscal year 2026.
- The reporting period ended on March 29, 2026.
- The announcement was made on May 7, 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits).
1-800-FLOWERS.COM, INC. finalized separation arrangements for former President Thomas Hartnett, who departed the company on February 28, 2026. The agreement includes $823,846 in severance payments over 68 weeks and accelerated equity vesting.
📋 Key Facts
- Thomas Hartnett transitioned from President to Special Advisor on November 3, 2025, and departed the company on February 28, 2026.
- Separation arrangements were finalized effective April 17, 2026.
- Severance includes 68 weeks of base salary totaling $823,846.
- The agreement provides for accelerated vesting of restricted stock granted in December 2023 and November 2024.
- The exercise period for stock options granted in November 2022 was extended to the end of their original term.
- Mr. Hartnett is eligible for a pro-rata cash bonus for fiscal year 2026 based on performance measures.
The company issued an 8-K to announce its financial results for the Fiscal 2026 Second Quarter, which ended on December 28, 2025.
📋 Key Facts
- Reporting period: Fiscal 2026 Second Quarter, ended December 28, 2025.
- Filing date: January 29, 2026.
- The filing includes a press release (Exhibit 99.1) detailing the results of operations and financial condition.
The Company held its Annual Meeting of Stockholders on December 10, 2025. The meeting resulted in the election of nine directors and the ratification of BDO USA, P.C. as independent auditors.
📋 Key Facts
- Annual Meeting of Stockholders held on December 10, 2025.
- Nine nominees for directors were elected to one-year terms expiring in 2026 (including Celia R. Brown, Dina Colombo, and Eugene F. DeMark).
- Stockholders ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the fiscal year ending June 28, 2026.
- Stockholders approved an amendment to the 2003 Long Term Incentive and Share Award Plan to increase authorized shares.
Thomas Hartnett has transitioned from his role as President to Special Advisor to the CEO. He will remain with the company temporarily to assist in the transition of the President role until his eventual departure.
🚩 Red Flags
- Executive leadership transition can sometimes indicate internal friction, though not explicitly stated here.
📋 Key Facts
- Effective Date: November 3, 2025
- Individual: Thomas Hartnett
- Former Role: President
- New Role: Special Advisor to the Chief Executive Officer
- Transition Plan: Will assist in transitioning the President role until his departure from the company.
The company issued an 8-K to announce its financial results for the first quarter of Fiscal Year 2026, which ended on September 28, 2025.
📋 Key Facts
- Reporting period: Fiscal 2026 First Quarter, ended September 28, 2025.
- Filing date: October 30, 2025.
- The filing includes a press release (Exhibit 99.1) detailing results of operations and financial condition.
The company issued a press release announcing its financial results for the Fiscal 2025 Fourth Quarter and Full Year ended June 29, 2025.
📋 Key Facts
- Reporting period: Fiscal 2025 Fourth Quarter and Full Year ended June 29, 2025.
- Filing date: September 4, 2025.
- The filing serves to provide the official press release (Exhibit 99.1) regarding financial performance.
1-800-FLOWERS.COM, INC. has amended its existing credit agreement to ease financial covenants and increase interest margins, while simultaneously announcing the appointment of Adolfo Villagomez as new CEO. The filing also includes the release of Q3 2025 financial results.
🚩 Red Flags
- Increased cost of debt: Interest rate margins increased to 350 bps during the 'Affected Period'.
- Reduced liquidity access: Revolving credit facility commitments were decreased.
- Covenant renegotiation: The shift from standard covenants to a minimum liquidity covenant and easing of leverage ratios often indicates pressure on financial performance or liquidity management.
📋 Key Facts
- Second Amendment to Third Amended Credit Agreement effective May 6, 2025.
- Financial covenants replaced with a minimum liquidity covenant through Dec 27, 2026.
- Interest rate margins for SOFR and base rate loans increased to 350 basis points during the 'Affected Period'.
- Revolving credit facility commitment decreased to $205 million (seasonal reduction to $125M/$50M).
- Adolfo Villagomez appointed CEO effective May 12, 2025; James F. McCann moves to Executive Chairman.
- New CEO compensation includes $1M base salary and a $3M signing equity grant (50% options/50% restricted stock) vesting over four years.
- Fiscal 2025 Q3 financial results released on May 8, 2025.
1-800-FLOWERS.COM, INC. announced the appointment of Priscilla Kasenchak as Chief Accounting Officer and Shelton Palmer to its Board of Directors. The move allows CFO James Langrock to focus on his role as Principal Financial Officer by delegating accounting responsibilities.
📋 Key Facts
- Priscilla Kasenchak appointed Chief Accounting Officer effective April 24, 2025.
- Ms. Kasenchak previously served as SVP of Finance and Corporate Controller since September 2023.
- James Langrock will continue to serve as the Company’s principal financial officer.
- Shelton Palmer appointed to the Board and the Technology & Cybersecurity Committee.
- Mr. Palmer receives a $50,000 annual retainer and $100,000 in annual restricted stock awards.
The Company entered into a First Amendment to its existing Third Amended and Restated Credit Agreement on January 28, 2025. The amendment focuses on modifying EBITDA definitions and clarifying prepayment applications.
🚩 Red Flags
- Modification of EBITDA definitions (adding back restructuring/IT costs) can be used to artificially inflate compliance metrics, potentially masking underlying operational inefficiencies or cash burn.
📋 Key Facts
- Entered into a First Amendment to the Existing Credit Agreement (dated June 27, 2023) on January 28, 2025.
- Revised 'Consolidated EBITDA' definition to allow add-backs for extraordinary/non-recurring expenses, IT/operational system integration costs, and restructuring charges.
- Clarified application of optional prepayments toward scheduled principal payments.
- Revised 'Consolidated Fixed Charges' definition regarding the offset of prepayments.
The Company held its Annual Meeting of Stockholders on December 11, 2024. During the meeting, stockholders elected a slate of directors and ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending June 29, 2025.
📋 Key Facts
- Annual Meeting held on December 11, 2024.
- Eleven nominees were elected to serve one-year terms expiring at the 2025 annual meeting.
- Stockholders ratified BDO USA, P.C. as independent auditors for the fiscal year ending June 29, 2025.
- Ratification of auditor received significant support with 290,446,260 votes 'For' and only 773,883 'Against'.
The company issued a press release announcing its financial results for the first quarter of Fiscal Year 2025, which ended on September 29, 2024.
📋 Key Facts
- Fiscal 2025 First Quarter ended September 29, 2024.
- Financial results announced via press release on October 31, 2024.
- Filed under Item 2.02 (Results of Operations and Financial Condition).
The Company announced the upcoming retirement of William E. Shea from his role as Senior Vice President, Treasurer and Chief Financial Officer, effective December 29, 2024. The Board has approved accelerated vesting for several equity awards in recognition of his service.
🚩 Red Flags
- Departure of a key C-suite executive (CFO) can create temporary leadership uncertainty or signal internal transition shifts.
📋 Key Facts
- William E. Shea will retire as SVP, Treasurer and CFO on December 29, 2024.
- The Board approved modifications to Mr. Shea's outstanding equity awards effective upon retirement.
- Restricted stock from November 2022 and December 2023, along with performance units from December 2023 (earned based on actual performance), will undergo accelerated vesting.
- Stock options granted in November 2022 will accelerate vesting, and Mr. Shea may exercise them until the end of their term.
1-800-FLOWERS.COM, Inc. announced a planned transition in its executive leadership, involving the retirement of CFO William E. Shea and the appointment of James Langrock as his successor.
🚩 Red Flags
- None identified; this appears to be a standard, planned succession event rather than an abrupt departure.
📋 Key Facts
- William E. Shea will retire as Senior Vice President, Treasurer and Chief Financial Officer effective December 29, 2024.
- James Langrock has been appointed Chief Financial Officer, effective December 29, 2024.
- Mr. Langrock currently serves as the Company's Chief Administrative Officer (since April 2024).
- The transition is planned several months in advance, with an effective date of late December 2024.
The company issued a press release announcing its financial results for the Fiscal 2024 Fourth Quarter and Full Year ended June 30, 2024.
📋 Key Facts
- Reporting period: Fiscal 2024 Fourth Quarter and Full Year ended June 30, 2024.
- Filing date: August 29, 2024.
- The filing serves to incorporate the press release (Exhibit 99.1) by reference.
1-800-FLOWERS.COM, Inc. announced leadership changes within its BloomNet subsidiary, including the appointment of Jonathan J. Feldman as President and the transition of Dinesh Popat to Special Advisor.
📋 Key Facts
- Jonathan J. Feldman appointed as President of BloomNet, Inc., effective June 27, 2024.
- Dinesh Popat transitioned from President of BloomNet to Special Advisor to assist in the leadership transition.
- Mr. Feldman was granted 34,130 restricted shares vesting in three equal annual installments starting March 25, 2025.
- Feldman's background includes leadership roles at Uber Technologies, Inc., Gopuff (GoBrands Inc.), and Clear Secure, Inc.
The company issued an 8-K to announce its financial results for the Fiscal 2024 Third Quarter ended March 31, 2024. This is a routine earnings announcement filing.
📋 Key Facts
- Fiscal 2024 Third Quarter ended on March 31, 2024.
- Financial results were announced via press release on May 2, 2024.
- The filing includes Exhibit 99.1 containing the full press release.
This is an amendment to a previous 8-K filing regarding the results of the company's 2023 Annual Meeting. The purpose of this amendment is specifically to disclose the Board's decision on the frequency of future non-binding 'say on pay' advisory votes.
📋 Key Facts
- The Company held its 2023 Annual Meeting of Stockholders on December 14, 2023.
- Stockholders voted to set the frequency of future 'say on pay' advisory votes at once every three years.
- The Board of Directors has adopted this three-year cycle as recommended in the Proxy Statement.
- Regulatory requirements mandate that such advisory votes occur at least once every six years.
The company issued an 8-K to announce its financial results for the Fiscal 2024 Second Quarter, which ended on December 31, 2023. The filing serves as a formal announcement of the earnings release.
📋 Key Facts
- Fiscal 2024 Second Quarter ended December 31, 2023.
- Financial results announced via press release dated February 1, 2024.
- The filing includes Exhibit 99.1 containing the full press release.
The company announced the return of Christopher McCann from a leave of absence effective January 1, 2024. His compensation structure has been significantly restructured to include lower cash salary and equity-based components.
🚩 Red Flags
- Significant reduction in cash compensation ($775k base to $50k cash) may indicate a restructuring of executive incentives or cost-cutting measures.
📋 Key Facts
- Christopher McCann returned from leave on January 1, 2024.
- McCann will continue as a Board member and officer of various subsidiaries.
- New annual cash compensation is set at $50,000 (down from a base salary of $775,000).
- Annual equity grant starting December 2024 valued at $75,000 with a 1-year vesting period.
- McCann is no longer eligible for Bonus Arrangements or the Long Term Incentive Plan as of Jan 1, 2024.