Specifically, the company's board has agreed to grant $10 million in awards based on 2019 performance that were originally scheduled to pay out at the end of the 2021 fiscal year, including a $4.5 million payout to CEO Jill Soltau. As part of the bankruptcy filing, the company is in talks with investment firms KKR, Ares Management, Sixth Street Partners and Apollo Global Management for a deal in which they would take on some of the company's debt in exchange for a controlling equity stake. THESTREET LINKS Watch More of the Latest Videos from TheStreet and Jim Cramer TheStreet Explains: What Is Market Cap Weighting and Why Should You Care?