AI English summary of an SEC filing — figures as filed
TJX TJXTJX said it entered into a new agreement with John Klinger, Executive Vice President, Chief Financial Officer, and that his promotion to Senior Executive Vice President, Chief Financial Officer takes effect on February 4, 2024, with the agreement dated February 2, 2024.
Key points
AI summaryTJX said it entered into a new agreement with John Klinger, Executive Vice President, Chief Financial Officer, and that his promotion to Senior Executive Vice President, Chief Financial Officer takes effect on February 4, 2024, with the agreement dated February 2, 2024.
The company said it set Klinger's annual base salary at $825,000 effective February 4, 2024. The target awards include a MIP target of 85% of base salary earned during FY25, an LRPIP target award of $450,000 for the FY25-27 award cycle, and a target total value of $2,900,000 for his next SIP stock award.
TJX said Scott Goldenberg, Senior Executive Vice President, Finance, will move to an executive advisory role effective February 4, 2024 and will no longer be an executive officer as of February 3, 2024 (the last day of FY24). The company said his existing employment agreement is extended to April 25, 2025, with an annual base salary of $750,000.
The company said it entered into a letter agreement on February 2, 2024 with Kenneth Canestrari, Senior Executive Vice President, Group President, extending the term of his existing employment agreement to January 30, 2027 and setting a minimum annual base salary of $1,000,000.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
John Klinger Promoted to Chief Financial Officer
TJX said it entered into a new agreement with John Klinger, Executive Vice President, Chief Financial Officer, and that his promotion to Senior Executive Vice President, Chief Financial Officer takes effect on February 4, 2024, with the agreement dated February 2, 2024.
Source · Based on the filing body and exhibits
Klinger Base Salary and Incentive Targets
The company said it set Klinger's annual base salary at $825,000 effective February 4, 2024. The target awards include a MIP target of 85% of base salary earned during FY25, an LRPIP target award of $450,000 for the FY25-27 award cycle, and a target total value of $2,900,000 for his next SIP stock award.
Source · Based on the filing body and exhibits
Scott Goldenberg Moves to Advisory Role
TJX said Scott Goldenberg, Senior Executive Vice President, Finance, will move to an executive advisory role effective February 4, 2024 and will no longer be an executive officer as of February 3, 2024 (the last day of FY24). The company said his existing employment agreement is extended to April 25, 2025, with an annual base salary of $750,000.
Source · Based on the filing body and exhibits
Kenneth Canestrari Employment Agreement Extended
The company said it entered into a letter agreement on February 2, 2024 with Kenneth Canestrari, Senior Executive Vice President, Group President, extending the term of his existing employment agreement to January 30, 2027 and setting a minimum annual base salary of $1,000,000.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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