Gap Inc. Announces Board Changes and Officer Appointments
Ticker: GAP · Form: 8-K · Filed: Jun 28, 2024 · CIK: 39911
Sentiment: neutral
Topics: board-changes, executive-appointments, governance
Related Tickers: GPS
TL;DR
Gap's board is shaking up: Nelson in, Harris & McGlashan out. New exec comp details too.
AI Summary
On June 28, 2024, The Gap, Inc. filed an 8-K report detailing the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. Specifically, it announced the election of Amy Nelson and the departure of Patricia Harris and William McGlashan Jr. as directors, effective June 27, 2024.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation, which typically carry a low inherent risk.
Key Players & Entities
- The Gap, Inc. (company) — Registrant
- Amy Nelson (person) — Elected Director
- Patricia Harris (person) — Departed Director
- William McGlashan Jr. (person) — Departed Director
- June 27, 2024 (date) — Effective date of director departures
- June 28, 2024 (date) — Date of report
FAQ
Who has been elected as a new director to The Gap, Inc.'s board?
Amy Nelson has been elected as a new director to The Gap, Inc.'s board.
Which directors have departed from The Gap, Inc.'s board?
Patricia Harris and William McGlashan Jr. have departed from The Gap, Inc.'s board.
When were the director departures effective?
The departures of Patricia Harris and William McGlashan Jr. were effective as of June 27, 2024.
What is the primary purpose of this Form 8-K filing for The Gap, Inc.?
This Form 8-K filing reports on the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements.
What is the principal executive office address for The Gap, Inc.?
The principal executive office address for The Gap, Inc. is Two Folsom Street, San Francisco, California 94105.
Filing Stats: 926 words · 4 min read · ~3 pages · Grade level 14.7 · Accepted 2024-06-28 16:54:19
Key Financial Figures
- $0.05 — ange on which registered Common Stock, $0.05 par value GPS The New York Stock Exchan
Filing Documents
- gps-20240628.htm (8-K) — 32KB
- exhibit101-gapincseniorexe.htm (EX-10.1) — 145KB
- 0000039911-24-000137.txt ( ) — 328KB
- gps-20240628.xsd (EX-101.SCH) — 2KB
- gps-20240628_lab.xml (EX-101.LAB) — 22KB
- gps-20240628_pre.xml (EX-101.PRE) — 13KB
- gps-20240628_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 The Gap, Inc. Senior Executive Severance Plan, effective July 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 hereunto duly authorized. THE GAP, INC. Date: June 28, 2024 By: /s/ Julie Gruber Julie Gruber Executive Vice President and Chief Legal and Compliance Officer