Barnes & Noble Education CFO Departs; Interim Appointed
Ticker: BNED · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1634117
Sentiment: neutral
Topics: management-change, cfo-departure, interim-appointment
TL;DR
BNED CFO out, interim CFO in. Watch financials.
AI Summary
Barnes & Noble Education, Inc. announced on June 11, 2024, the departure of its Chief Financial Officer, Thomas D. Donohue. The company has appointed Peter John Longo as interim CFO, effective immediately. Longo previously served as the company's Chief Accounting Officer.
Why It Matters
A change in CFO can signal shifts in financial strategy or performance, impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: medium — A sudden CFO departure can indicate underlying financial issues or strategic disagreements, warranting closer scrutiny of the company's financial health.
Key Players & Entities
- Barnes & Noble Education, Inc. (company) — Registrant
- Thomas D. Donohue (person) — Departing Chief Financial Officer
- Peter John Longo (person) — Interim Chief Financial Officer
- June 11, 2024 (date) — Effective date of CFO departure and interim appointment
FAQ
Who has been appointed as the interim Chief Financial Officer?
Peter John Longo has been appointed as the interim Chief Financial Officer.
What was Peter John Longo's previous role at Barnes & Noble Education?
Peter John Longo previously served as the company's Chief Accounting Officer.
When did the departure of the Chief Financial Officer become effective?
The departure of Thomas D. Donohue as Chief Financial Officer became effective on June 11, 2024.
What is the exact name of the company filing this report?
The exact name of the company is Barnes & Noble Education, Inc.
What is the filing date of this Current Report?
The filing date of this Current Report is June 12, 2024.
Filing Stats: 768 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-06-12 08:00:33
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share BNED New York S
- $750,000 — seby will receive a severance amount of $750,000, less applicable withholdings and deduc
Filing Documents
- d815141d8k.htm (8-K) — 23KB
- 0001193125-24-159608.txt ( ) — 139KB
- bned-20240611.xsd (EX-101.SCH) — 3KB
- bned-20240611_lab.xml (EX-101.LAB) — 17KB
- bned-20240611_pre.xml (EX-101.PRE) — 11KB
- d815141d8k_htm.xml (XML) — 3KB
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: June 12, 2024 BARNES & NOBLE EDUCATION, INC. By: /s/ Michael C. Miller Name: Michael C. Miller Title: Executive Vice President, Corporate Development & Affairs and Chief Legal Officer