Dollar Tree Announces Director Departures and New Board Members

Ticker: DLTR · Form: 8-K · Filed: 2024-12-19T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-appointments, governance

Related Tickers: DLTR

TL;DR

Dollar Tree's board is shaking up: Culhane out, Schlotman & Boyer in. New exec pay details too.

AI Summary

On December 18, 2024, Dollar Tree, Inc. filed an 8-K report detailing several key executive changes. The company announced the departure of Director Michael W. Culhane and the election of new directors, including Michael A. Schlotman and Jeffrey S. Boyer. Additionally, the filing disclosed compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive roles can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Board changes and executive compensation disclosures can sometimes precede or reflect underlying business challenges or strategic realignments.

Key Numbers

Key Players & Entities

FAQ

Who has departed from the Dollar Tree board of directors?

Michael W. Culhane has departed from the board of directors.

Who has been elected as new directors to the Dollar Tree board?

Michael A. Schlotman and Jeffrey S. Boyer have been elected as new directors.

What is the exact date of the earliest event reported in this 8-K filing?

The earliest event reported is dated December 18, 2024.

What is Dollar Tree, Inc.'s state of incorporation?

Dollar Tree, Inc. is incorporated in Virginia.

What specific items are covered in this 8-K filing?

This filing covers the departure of directors, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.

From the Filing

0000935703-24-000063.txt : 20241219 0000935703-24-000063.hdr.sgml : 20241219 20241219073055 ACCESSION NUMBER: 0000935703-24-000063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241218 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241219 DATE AS OF CHANGE: 20241219 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: 241560977 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-20241218.htm 8-K dltr-20241218 0000935703 false 0000935703 2024-12-18 2024-12-18 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): December 18, 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 December 18, 2024, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr. as Chief Executive Officer of the Company, effective immediately. Mr. Creedon had been serving as the Company’s interim Chief Executive Officer since November 3, 2024, as previously reported in the Current Report on Form 8-K filed by the Company on November 4, 2024. Item 7.01. Regulation FD Disclosure. On December 19, 2024, the Company issued a press release announcing Mr.

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