Initial report inaccurate: Vera Bradley executives with severance deals staying with company
Vera Bradley said a prior report was inaccurate and disclosed SEC filings showing C-suite executives Martin Layding and Melinda Paraie have severance agreements. Layding, CFO since June 2025 and later COO, and Paraie, chief brand officer, would receive 12 months base salary plus unpaid and pro-rated bonuses if dismissed without cause. Paraie’s salary is $475,000; she has $150,000 sign-on and $525,000 long-term incentive.


