The company said its Board of Directors appointed Donny H. Lau, age 46, as Executive Vice President and Chief Financial Officer on August 19, 2025, with the appointment effective October 20, 2025.

1. 01

   The company said its Board of Directors appointed Donny H. Lau, age 46, as Executive Vice President and Chief Financial Officer on August 19, 2025, with the appointment effective October 20, 2025.

2. 02

   The company said Todd J. Vasos, its chief executive officer, will serve as principal financial officer starting immediately after Kelly Dilts' departure on August 28, 2025 until Lau takes over the role, and will receive no additional compensation for those duties.

3. 03

   Dollar General said Lau's annual base salary is $800,000, his target annual cash bonus for fiscal 2025 is 75% of base salary, his fiscal 2025 equity award has an estimated aggregate value of $2.5 million, his special inducement equity award has an estimated aggregate value of $2.5 million, and his one-time cash sign-on bonus is $900,000. The company said the sign-on bonus must be repaid if Lau voluntarily leaves within 2 years of his hire date.

4. 04

   The company said Lau has served as chief financial officer of Zaxby's Franchising LLC since July 2023 and previously worked in its finance organization. It said the employment agreement runs through March 31, 2027 and includes, upon certain terminations, continued base salary payments for 24 months.

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Original filing

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