Dollar Tree Names New General Counsel, CLO Departs

TL;DR

Dollar Tree's CLO is out, new GC in with $450k salary. #LegalChanges

AI Summary

On July 5, 2024, Dollar Tree, Inc. announced the departure of its Chief Legal Officer and General Counsel, Michael A. Witynski. The company also announced the appointment of Jason R. Williams as the new Chief Legal Officer and General Counsel, effective July 8, 2024. Williams will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus.

Why It Matters

A change in key legal leadership can signal shifts in corporate strategy or internal investigations, impacting investor confidence and regulatory oversight.

Risk Assessment

Risk Level: medium — Changes in top legal officers can sometimes precede or indicate underlying issues within a company, warranting closer scrutiny.

Key Numbers

• $450,000 — Annual Base Salary (For new Chief Legal Officer and General Counsel, Jason R. Williams.)

Key Players & Entities

• Michael A. Witynski (person) — Departing Chief Legal Officer and General Counsel
• Jason R. Williams (person) — Appointed Chief Legal Officer and General Counsel
• Dollar Tree, Inc. (company) — Registrant
• $450,000 (dollar_amount) — Annual base salary for Jason R. Williams

FAQ

From the Filing

0000935703-24-000033.txt : 20240709 0000935703-24-000033.hdr.sgml : 20240709 20240709161341 ACCESSION NUMBER: 0000935703-24-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240705 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240709 DATE AS OF CHANGE: 20240709 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: 241107609 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-20240705.htm 8-K dltr-20240705 0000935703 false 0000935703 2024-07-05 2024-07-05 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): July 5, 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 July 5, 2024, Dollar Tree, Inc. (the “Company”) made a special performance award to Lawrence Gatta, Jr., the Company’s Chief Merchandising Officer—Family Dollar (the “Executive”), subject to the standard Performance-Based Restricted Stock Unit Agreement under the Company’s 2021 Omnibus Incentive Plan. The award is in the form of performance-based restricted stock units (“PSUs”) that will vest at a target value of 14,060 shares (based on a value of $1.5 million on the date of grant) on the third anniversary of grant, assuming continued service thr