UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 15, 2019, the Board of Directors of Tailored Brands, Inc. (the “Company”) appointed Andrew Vollero as a member of the Company’s Board of Directors. Mr. Vollero will receive the customary compensation paid to the Company’s non-employee directors and will receive a grant of 2,500 deferred stock units on the first day of the Company’s next open trading window. With the addition of Mr. Vollero, the Company’s Board comprises eight directors, six of whom are independent. Mr. Vollero has been appointed to serve on the Audit Committee of the Company’s Board of Directors.
Mr. Vollero has extensive finance leadership and general management experience at major technology and consumer companies such as Snap, Inc., Mattel, Inc. and Taco Bell (a division of PepsiCo., spun off as part of Yum Brands). Since October 2018, he has served as chief financial officer for Allied Universal, a leading security and facility services company with revenues exceeding $7 billion. Previously, Mr. Vollero was chief financial officer and chief accounting officer of Snap, Inc., where he built the finance function, prepared the company for its initial public offering and developed Snap, Inc.’s “Path to Profitability” strategy. At Mattel, Inc., Mr. Vollero helped launch and drive the company’s turnaround strategy, was responsible for all aspects of mergers and acquisitions, partnered with executive management and the board on capital allocation strategy, and led investor relations. At Taco Bell, Mr. Vollero held a wide array of leadership roles spanning strategic planning, financial planning and analysis, accounting, marketing and general management.
A copy of the press release issued on November 18, 2019 is attached to this Report as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is included in this Form 8-K.
| 99.1 104 | Press Release of the Company dated November 18, 2019. Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
EXHIBIT INDEX
Exhibit | ||
Number |
| Description |
99.1 | ||
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:November 18, 2019
TAILORED BRANDS, INC. | ||
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| By: | /s/ Brian T. Vaclavik |
| Senior Vice President and Chief Accounting Officer | |