TJX Companies Reports Director Changes and Compensation Updates

Ticker: TJX · Form: 8-K · Filed: 2025-02-03T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-of-directors

TL;DR

TJX board shakeup and exec pay changes announced.

AI Summary

On January 31, 2025, The TJX Companies, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the filing announced the election of new directors and potential adjustments to compensatory arrangements for certain officers.

Why It Matters

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

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and does not indicate any significant financial distress or operational issues.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of new directors, but the specific names and details of their election are not provided in this excerpt.

Are there any changes to executive compensation arrangements?

The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, suggesting potential adjustments or new arrangements.

What is the primary business of The TJX Companies, Inc.?

The TJX Companies, Inc. is classified under 'RETAIL-FAMILY CLOTHING STORES' with SIC code 5651.

When was this report filed?

This 8-K report was filed as of February 3, 2025.

What is the fiscal year end for TJX Companies?

The fiscal year end for TJX Companies is February 1st (0201).

From the Filing

0000109198-25-000002.txt : 20250203 0000109198-25-000002.hdr.sgml : 20250203 20250203144317 ACCESSION NUMBER: 0000109198-25-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250131 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250203 DATE AS OF CHANGE: 20250203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TJX COMPANIES INC /DE/ CENTRAL INDEX KEY: 0000109198 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 042207613 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04908 FILM NUMBER: 25582043 BUSINESS ADDRESS: STREET 1: 770 COCHITUATE RD CITY: FRAMINGHAM STATE: MA ZIP: 01701 BUSINESS PHONE: 508-390-1000 MAIL ADDRESS: STREET 1: 770 COCHITUATE ROAD CITY: FRAMINGHAM STATE: MA ZIP: 01701 FORMER COMPANY: FORMER CONFORMED NAME: ZAYRE CORP DATE OF NAME CHANGE: 19890625 8-K 1 tjx-20250131.htm 8-K tjx-20250131 FALSE 0000109198 0000109198 2025-01-31 2025-01-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): January 31, 2025   THE TJX COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware   1-4908   04-2207613 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   770 Cochituate Road , Framingham , MA 01701   (Address of principal executive offices) (Zip Code) ( 508 )  390-1000 Registrant’s telephone number, including area code N/A (Former name or former address, if changed since last report) 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 $1.00 per share TJX New York Stock Exchange 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 January 31, 2025, The TJX Companies, Inc. (“TJX” or the “Company”) entered into letter agreements with Ernie Herrman, Chief Executive Officer and President, and Carol Meyrowitz, Executive Chairman of the Board that extend the term of each executive’s existing employment agreement with the Company until January 29, 2028, unless the employment agreement is terminated earlier in accordance with its terms. The agreement with Ms. Meyrowitz also provides for a minimum annual base salar

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