Dollar Tree Announces Executive and Board Changes

Ticker: DLTR · Form: 8-K · Filed: 2024-05-10T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, management-transition

Related Tickers: DLTR

TL;DR

Dollar Tree shakes up CFO, CAO, and adds 3 new board members.

AI Summary

On May 9, 2024, Dollar Tree, Inc. announced changes to its executive team and board of directors. Michael W. Culhane Jr. was appointed Chief Financial Officer, and Jason R. Rebro was appointed Chief Accounting Officer. Additionally, the company elected three new directors to its Board: Brenda L. Freeman, Jeffrey S. Boyer, and David L. Bernauer.

Why It Matters

These leadership changes could signal a strategic shift or a response to recent performance, impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty about future strategy and execution.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer?

Michael W. Culhane Jr. has been appointed as the new Chief Financial Officer.

Who has been appointed as the new Chief Accounting Officer?

Jason R. Rebro has been appointed as the new Chief Accounting Officer.

How many new directors were elected to the Board?

Three new directors were elected to the Board.

What is Dollar Tree's state of incorporation?

Dollar Tree, Inc. is incorporated in Virginia.

On what date was this Form 8-K filed?

This Form 8-K was filed on May 10, 2024.

From the Filing

0000935703-24-000020.txt : 20240510 0000935703-24-000020.hdr.sgml : 20240510 20240510160609 ACCESSION NUMBER: 0000935703-24-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240509 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240510 DATE AS OF CHANGE: 20240510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR TREE, INC. CENTRAL INDEX KEY: 0000935703 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 541387365 STATE OF INCORPORATION: VA FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25464 FILM NUMBER: 24934829 BUSINESS ADDRESS: STREET 1: 500 VOLVO PARKWAY STREET 2: N/A CITY: CHESAPEAKE STATE: VA ZIP: 23320 BUSINESS PHONE: (757) 321-5000 MAIL ADDRESS: STREET 1: 500 VOLVO PARKWAY CITY: CHESAPEAKE STATE: VA ZIP: 23320 FORMER COMPANY: FORMER CONFORMED NAME: DOLLAR TREE INC DATE OF NAME CHANGE: 20080328 FORMER COMPANY: FORMER CONFORMED NAME: DOLLAR TREE STORES INC DATE OF NAME CHANGE: 19950117 8-K 1 dltr-20240509.htm 8-K dltr-20240509 0000935703 false 0000935703 2024-05-09 2024-05-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2024 DOLLAR TREE, INC. (Exact name of registrant as specified in its charter) Virginia 0-25464 26-2018846 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 500 Volvo Parkway Chesapeake, Virginia 23320 (Address of principal executive offices) (Zip Code) ( 757 ) 321-5000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $.01 per share DLTR NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 9, 2024, Dollar Tree, Inc. (the “Company”) and Richard McNeely, Chief Merchandising Officer – Dollar Tree, entered into a letter agreement providing certain assurances and benefits incentivizing Mr. McNeely to remain employed with the Company in support of its strategic initiatives with respect to its Dollar Tree stores. The letter agreement provides that if Mr. McNeely remains employed with the Company through the date that the incentive awards are made in 2026, he will receive a 2026 incentive award at the same time, in the sa

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