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Hanesbrands Inc. – ‘10-Q’ for 9/30/23 – ‘EX-10.1’

On:  Thursday, 11/9/23, at 5:18pm ET   ·   For:  9/30/23   ·   Accession #:  1359841-23-49   ·   File #:  1-32891

Previous ‘10-Q’:  ‘10-Q’ on 8/10/23 for 7/1/23   ·   Next & Latest:  ‘10-Q’ on 5/9/24 for 3/30/24   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/09/23  Hanesbrands Inc.                  10-Q        9/30/23   75:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.81M 
 2: EX-10.1     Material Contract                                   HTML     33K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
12: R1          Cover Page                                          HTML     74K 
13: R2          Condensed Consolidated Statements of Operations     HTML    112K 
                (Unaudited)                                                      
14: R3          Condensed Consolidated Statements of Comprehensive  HTML     53K 
                Income (Loss) (Unaudited)                                        
15: R4          Condensed Consolidated Statements of Comprehensive  HTML     27K 
                Income (Loss) (Unaudited) (Parenthetical)                        
16: R5          Condensed Consolidated Balance Sheets (Unaudited)   HTML    137K 
17: R6          Condensed Consolidated Balance Sheets (Unaudited)   HTML     42K 
                (Parenthetical)                                                  
18: R7          Condensed Consolidated Statements of Stockholders'  HTML     82K 
                Equity (Unaudited)                                               
19: R8          Condensed Consolidated Statements of Cash Flows     HTML    139K 
                (Unaudited)                                                      
20: R9          Basis of Presentation                               HTML     40K 
21: R10         Recent Accounting Pronouncements                    HTML     40K 
22: R11         Assets and Liabilities Held for Sale                HTML     73K 
23: R12         Revenue Recognition                                 HTML     38K 
24: R13         Stockholders' Equity                                HTML     46K 
25: R14         Inventories                                         HTML     32K 
26: R15         Debt                                                HTML     66K 
27: R16         Income Taxes                                        HTML     28K 
28: R17         Accumulated Other Comprehensive Loss                HTML    136K 
29: R18         Financial Instruments and Risk Management           HTML    164K 
30: R19         Fair Value of Assets and Liabilities                HTML     63K 
31: R20         Business Segment Information                        HTML    143K 
32: R21         Pay vs Performance Disclosure                       HTML     34K 
33: R22         Insider Trading Arrangements                        HTML     27K 
34: R23         Assets and Liabilities Held for Sale (Tables)       HTML     73K 
35: R24         Revenue Recognition (Tables)                        HTML     34K 
36: R25         Stockholders' Equity (Tables)                       HTML     47K 
37: R26         Inventories (Tables)                                HTML     33K 
38: R27         Debt (Tables)                                       HTML     45K 
39: R28         Accumulated Other Comprehensive Loss (Tables)       HTML    138K 
40: R29         Financial Instruments and Risk Management (Tables)  HTML    164K 
41: R30         Fair Value of Assets and Liabilities (Tables)       HTML     59K 
42: R31         Business Segment Information (Tables)               HTML    129K 
43: R32         Basis of Presentation (Details)                     HTML     48K 
44: R33         Recent Accounting Pronouncements (Details)          HTML     27K 
45: R34         Assets and Liabilities Held for Sale - Balance      HTML     34K 
                Sheet (Details)                                                  
46: R35         Assets and Liabilities Held for Sale - Additional   HTML     47K 
                Information (Details)                                            
47: R36         Discontinued Operations - Income Statement          HTML     59K 
                (Details)                                                        
48: R37         Discontinued Operations - Cash Flows (Details)      HTML     30K 
49: R38         Revenue Recognition (Details)                       HTML     34K 
50: R39         Stockholders' Equity Reconciliation of Basic to     HTML     38K 
                Diluted Weighted Average Shares (Details)                        
51: R40         Stockholders' Equity (Additional Information)       HTML     57K 
                (Details)                                                        
52: R41         Inventories (Details)                               HTML     31K 
53: R42         Debt - Summary of Debt (Details)                    HTML     66K 
54: R43         Debt - Additional Information (Detail)              HTML    138K 
55: R44         Income Taxes (Details)                              HTML     30K 
56: R45         Accumulated Other Comprehensive Loss (Rollforward)  HTML     84K 
                (Details)                                                        
57: R46         Accumulated Other Comprehensive Loss (Details)      HTML     75K 
58: R47         Financial Instruments and Risk Management -         HTML     36K 
                Notional Amounts of Derivative Instruments                       
                (Details)                                                        
59: R48         Financial Instruments and Risk Management - Fair    HTML     57K 
                Values of Derivative Instruments (Details)                       
60: R49         Financial Instruments and Risk Management - Effect  HTML     61K 
                of Cash Flow Hedge Derivative Instruments                        
                (Details)                                                        
61: R50         Financial Instruments and Risk Management - Effect  HTML     54K 
                of Net Investment Hedge Instruments (Details)                    
62: R51         Financial Instruments and Risk Management - Effect  HTML     31K 
                of Mark to Market Hedge Derivative Instruments                   
                (Details)                                                        
63: R52         Financial Instruments and Risk Management -         HTML     94K 
                Additional Information (Details)                                 
64: R53         Fair Value of Assets and Liabilities (Fair Value    HTML     67K 
                of Financial Assets and Liabilities Measured on                  
                Recurring Basis) (Details)                                       
65: R54         Fair Value of Assets and Liabilities (Additional    HTML     32K 
                Information) (Details)                                           
66: R55         Business Segment Information - Net Sales (Details)  HTML     39K 
67: R56         Business Segment Information - Segment Operating    HTML     55K 
                Profit (Detail)                                                  
68: R57         Business Segment Information - Restructuring and    HTML     42K 
                Other Action-Related Charges by Income Statement                 
                Line (Details)                                                   
69: R58         Business Segment Information - Components of        HTML     77K 
                Restructuring and Other Action-Related Charges                   
                (Details)                                                        
70: R59         Business Segment Information - Restructuring and    HTML     97K 
                Other Action-Related Charges - Additional                        
                Information (Details)                                            
73: XML         IDEA XML File -- Filing Summary                      XML    132K 
71: XML         XBRL Instance -- hbi-20230930_htm                    XML   2.63M 
72: EXCEL       IDEA Workbook of Financial Report Info              XLSX    153K 
 8: EX-101.CAL  XBRL Calculations -- hbi-20230930_cal                XML    156K 
 9: EX-101.DEF  XBRL Definitions -- hbi-20230930_def                 XML    812K 
10: EX-101.LAB  XBRL Labels -- hbi-20230930_lab                      XML   1.77M 
11: EX-101.PRE  XBRL Presentations -- hbi-20230930_pre               XML   1.18M 
 7: EX-101.SCH  XBRL Schema -- hbi-20230930                          XSD    180K 
74: JSON        XBRL Instance as JSON Data -- MetaLinks              479±   724K 
75: ZIP         XBRL Zipped Folder -- 0001359841-23-000049-xbrl      Zip    392K 


‘EX-10.1’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 
  hbi-20230930xex101  
NAI-1535380013v5 HANESBRANDS INC. 2020 OMNIBUS INCENTIVE PLAN AUSTRALIA ADDENDUM 1. Purpose This Addendum (the “Australian Addendum”) to the Hanesbrands Inc. 2020 Omnibus Incentive Plan (the “U.S. Plan”) is hereby adopted to set forth certain rules which, together with the provisions of the U.S. Plan (which are modified by this addendum in certain respects to ensure compliance with the Corporations Act 2001 (Cth) (see below)), shall govern the operation of the U.S. Plan with respect to Australian-resident employees of Hanesbrands Inc. and its Australian Subsidiaries. The Plan is intended to comply with the provisions of the Corporations Act 2001 (Cth) and ASIC Regulatory Guide 49. This Australian Addendum is to be read in conjunction with the U.S. Plan, the Offer Document (as defined below) and the applicable award agreement(s) (the “Agreement”) (collectively, the “Additional Documents”). By accepting a grant pursuant to this Australian Addendum, an Australian offeree will agree to be bound by the rules of this Australian Addendum and the Additional Documents. In the event of any conflict between this Australian Addendum and the Additional Documents, this Australian Addendum shall prevail to the extent of the inconsistency. 2. Definitions Except as set out below, capitalized terms used herein shall have the meaning ascribed to them in the U.S. Plan. In the event of any conflict between these provisions and the U.S. Plan, these provisions shall prevail. For the purposes of this Australian Addendum: “Appreciation Right” has the meaning given to “SAR” in the U.S. Plan; “ASIC” means the Australian Securities & Investments Commission; “Associated Body Corporate” means (as determined in accordance with the Corporations Act 2001 (Cth)): (a) a body corporate that is a related body corporate of the Company; (b) a body corporate that has voting power in the Company of not less than 20%; or (c) a body corporate in which the Company has voting power of not less than 20%; Exhibit A EXHIBIT 10.1


 
NAI-1535380013v5 -2- “Australian Subsidiaries means all subsidiaries of the Company incorporated in Australia; “Common Share” means a common share, $0.01 par value, of the Company; “Company” means Hanesbrands Inc.; “Option” means an option to acquire, by way of issue, a fully-paid Common Share, following the lapse of specific restrictions, as determined by the Committee; “Plan” means the U.S. Plan as modified for implementation in Australia by the Australian Addendum; “Restricted Stock Units” means a promise by the Company, as of the date of the grant, to deliver fully-paid Common Shares, following the lapse of specific restrictions, as determined by the Committee; “Tax Act” means the Income Tax Assessment Act 1997 (Cth); and “U.S. Plan” means the Hanesbrands Inc. 2020 Omnibus Incentive Plan. 3. Forms of Awards Only Common Shares, Restricted Stock, Options, Appreciation Rights, and Restricted Stock Units (including those that are subject to performance measures) shall be awarded or offered under the Plan in Australia. Options must be granted at no monetary cost. 4. Eligible Participants In Australia, the Plan must be extended only to persons who at the time of the offer are full or part-time employees, directors, contractors or casual employees of the Company or an Australian Subsidiary, or any other individual who provides services to the Company or an Australian Subsidiary and who meet eligibility requirements under the Plan. 5. No Contribution Plan or Trust An offer of Common Shares, Restricted Stock, Options, Appreciation Rights, and Restricted Stock Units under the Plan must not involve any offer, issue or sale being made through a trust, unless to a corporate trustee of a self-managed superannuation fund (within the meaning of the Superannuation Industry


 
NAI-1535380013v5 -3- (Supervision) Act 1993 (Cth)) where the Participant is a director of the corporate trustee. 6. Form of Offer 6.1 Any offer made in Australia to participate in the Plan must be included in a document (“Offer Document”) which sets out the terms of the offer, including the period during which the Participant may accept the offer (the “offer period”), and which must include or be accompanied by a copy of the Plan, or a summary of the Plan. Where a summary only is provided with the offer, the Offer Document must include an undertaking that the Company or its Australian Subsidiary will, within a reasonable period and in any event within 10 business days of the Participant so requesting, provide the Participant without charge with a copy of the Plan. A Participant located in Australia cannot acquire Common Shares, Restricted Stock, Options, Appreciation Rights or Restricted Stock Units under the Plan until at least 14 days after receiving the Offer Document. 6.3 The Offer Document must also include general information about the risks of acquiring and holding the award being offered to the Participant. 6.4 Further, the Offer Document must include a statement to the effect that any advice given by the person in connection with the offer is general advice only and does not take into account the Participant’s objectives, financial situation and needs, and that Participants should consider obtaining their own financial product advice from an independent person who is licensed by ASIC to give such advice. 7. Australian Dollar Equivalent of Acquisition Price at Offer Date The Offer Document must specify the Australian dollar equivalent of the exercise price or base price of any Common Shares, Restricted Stock, Options, Restricted Stock Units or Appreciation Rights that are the subject of the Offer Document (“Acquisition Price”) as at the date of the offer. 8. Updated Pricing Information The Offer Document must include an undertaking that, and an explanation of the way in which the Company will, during the offer period and within a reasonable period of a Participant so requesting, make available to the Participant the following information: (a) the Australian dollar equivalent of the current market price of a Common Share, as at the date of the Participant’s request; and (b) the Australian dollar equivalent of the Acquisition Price, as at the date of the Participant’s request.


 
NAI-1535380013v5 -4- For the purposes of this clause, the current market price of a Common Share shall be taken as the final price published by the New York Stock Exchange for the previous trading day. 9. Exchange Rate for Australia Dollar Equivalent of a Price For the purposes of clauses 7 and 8, the Australian dollar equivalent of the Acquisition Price and current market price of Common Shares shall be calculated by reference to the Australian/U.S. dollar exchange rate published by the Company’s bank no earlier than the business day before the day to which the price relates. 10. Loan or Financial Assistance If the Company or any Australian Subsidiary offers a Participant any loan or other financial assistance for the purpose of acquiring the Common Shares to which the offer relates, the Company or Australian Subsidiary: (a) must ensure that under the terms of the loan: (i) no fees or interest is payable; and (ii) the rights of the lender against the Participant in the event of default in payment of the loan are wholly limited to forfeiture of the Common Shares acquired using the loan; (b) must ensure that the borrower under the terms of the loan is the Participant who will acquire the Common Shares to which the offer relates; and (c) must ensure that the Offer Document includes or is accompanied by a copy of the terms of the loan, or includes a summary of the terms of the loan and states that, upon request by the Participant, a copy of the terms of the loan will be provided to the Participant within 10 business days of the Participant’s request. 11. Restriction on Capital Raising: 5% limit In the case of any offer that will involve the issue of Common Shares, including as a result of an exercise of an Option, under a Restricted Stock Unit or other award giving an entitlement to receive Common Shares, the Company must reasonably believe that the aggregate of: (a) the number of Common Shares that are the subject of the offer under the Plan, or to be received under the relevant award, to Australian-resident employees; and


 
NAI-1535380013v5 -5- (b) the number of Common Shares that are, or are covered by, awards that have been issued or may be issued under offers made in connection with the Plan at any time during the previous three year period before the date of the offer, does not exceed 5% of the total number of Common Shares as at the time of the offer or invitation. 12. Compliance with Undertakings The Company or an Australian Subsidiary must comply with any undertaking required to be made in the Offer Document, including the undertaking to provide pricing information upon request. 13. Application of Subdivision 83A-C of the Tax Act The Plan is a plan to which Subdivision 83A-C of the Tax Act applies (subject to the conditions in that Act). 14. Misleading Statements and Omissions 14.1 The Plan and the Offer Document (“Relevant Documents”) must not include a misleading or deceptive statement, and must not omit any information that would result in the Relevant Documents being misleading or deceptive. 14.2 The Company must provide each Participant with an updated Offer Document as soon as practicable if, during the offer period, the Company becomes aware that the Offer Document that was provided has become out of date or is otherwise not correct, in a material respect. 14.3 The directors of the Company or any person named, with their consent, in the Relevant Documents (each a “Relevant Person”), must notify the Company in writing as soon as practicable if, during the offer period for an offer, the Relevant Person becomes aware that: (a) a material statement in the Relevant Documents is misleading or deceptive; or (b) information was omitted from any of the Relevant Document that has resulted in one or more of the Relevant Documents being misleading or deceptive; or (c) a new circumstance has arisen during the offer period which means the Offer Document is out of date, or otherwise not correct, in a material respect.


 
NAI-1535380013v5 -6- 14.4 A Participant who suffers loss or damage because of a contravention of this clause 14, may recover the amount of the loss or damage from: (a) the Company; (b) each director of the Company; (c) each person named in the Relevant Documents, with their consent, as a proposed director of the Company; (d) in the case of a misleading or deceptive statement or omission – a person named in the Relevant Documents, with their consent, as having made the misleading or deceptive statement, or a statement on which the misleading or deceptive statement is based; and (e) in the case of a failure by a Relevant Person to notify the Company of a misleading or deceptive statement, omission or new circumstance – the Relevant Person. 14.5 Notwithstanding any other provision of the Plan, the Company or a Relevant Person is not liable for any loss or damage suffered by a Participant because of a contravention of clauses 14.1 and 14.2 of this Australian Addendum, if: (a) the Company or the Relevant Person made all inquiries (if any) that were reasonable in the circumstances and, after doing so, believed on reasonable grounds that the statement was not misleading or deceptive; (b) the Company or the Relevant Person did not know that the statement was misleading or deceptive; (c) the Company placed reasonable reliance on information given to the Company by someone other than a director, employee or agent of the Company, or the Relevant Person placed reasonable reliance on information given to the Relevant Person by someone other than an employee or agent of the Relevant Person; (d) if the Relevant Person is a person who was named with their consent in the Relevant Documents, as a proposed director of the Company or otherwise, the person proves that they publicly withdrew their consent to being named in the Relevant Documents in that way; or (e) the contravention arose because of a new circumstance that arose since the Offer Document was prepared and the Relevant Person provides that they were not aware of the matter.


 

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/24  Hanesbrands Inc.                  10-K       12/30/23  145:101M


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/30/22  Hanesbrands Inc.                  8-K:5,9     9/29/22   11:298K                                   Donnelley … Solutions/FA
11/02/15  Hanesbrands Inc.                  8-K:1,3,5,910/27/15    4:187K
 1/28/15  Hanesbrands Inc.                  8-K:5,7,9   1/27/15    3:87K
 9/05/06  Hanesbrands Inc.                  8-K:1,3,5,8 9/01/06   27:5.3M                                   Donnelley … Solutions/FA
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Filing Submission 0001359841-23-000049   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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