Current Report Filing (8-k)
02 Maggio 2023 - 10:02PM
Edgar (US Regulatory)
0000084129
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0000084129
2023-04-26
2023-04-26
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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 2, 2023 (April 26, 2023)
Rite
Aid Corporation
(Exact name of registrant as specified in its
charter)
Delaware |
|
1-5742 |
|
23-1614034 |
(State
or Other Jurisdiction of Incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification Number) |
P.O. Box 3165
Harrisburg, Pennsylvania 17105
(Address of principal executive offices, including
zip code)
(717)
761-2633
(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 (see General
Instruction A.2. below):
¨ 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, $1.00 par value |
|
RAD |
|
The
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 April 26, 2023, the board of directors (“Board”)
of Rite Aid Corporation (the “Company”) approved a retention incentive agreement with Matthew Schroeder, the Company’s
Chief Financial Officer in recognition of his criticality to the Company’s business. Pursuant to the retention incentive agreement
dated April 28, 2023, Mr. Schroeder will receive a lump sum cash payment (the “Retention Award”), subject to a repayment
obligation as described below, in the amount of $1,500,000 on or before May 12, 2023.
Mr. Schroeder’s Retention Award will be subject to prompt
and full repayment of the Retention Award if, prior to April 28, 2024 or an earlier change in control of the Company (the “Repayment
Expiration Date”), his employment is terminated by the Company for cause, or as a result of his voluntary resignation without good
reason (as each such term is defined in Mr. Schroeder’s employment agreement with the Company). If Mr. Schroeder is terminated
without cause, or resigns for good reason, or if his employment terminates due to his death or disability prior to the Repayment Expiration
Date, then such Retention Award will not be subject to repayment, provided that he executes (and does not revoke) a general release of
claims in favor of the Company.
The above description of the retention incentive agreement does not
purport to be complete and is subject to, and qualified in its entirety by, the full text of the retention incentive agreement, a copy
of which will be filed as an exhibit to the Company’s quarterly report on Form 10-Q for the period ended May 31, 2023.
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 hereto
duly authorized.
Date: May 2, 2023 |
By: |
/s/ Christin Bassett |
|
Name: |
Christin Bassett |
|
Title: |
Deputy General Counsel |
Grafico Azioni Rite Aid (NYSE:RAD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Rite Aid (NYSE:RAD)
Storico
Da Apr 2023 a Apr 2024