Shoe Carnival’s board compensation committee approved new compensation arrangements for interim CEO Clifton Sifford, effective Feb. 24, 2026. Sifford will receive an annual base salary of 1 million and a monthly automobile allowance of 1,100. He will also continue to receive a monthly stipend of 2,957 and will be eligible to participate in the Executive Incentive Compensation Plan. On March 3, 2026, Sifford received a one-time grant of 112,220 restricted stock units that vest on March 31, 2027, subject to continued service. The company also set fiscal 2026 bonus targets under the incentive plan, with payouts ranging from 25% at threshold performance to 175% at maximum performance for Sifford.

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