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TJX said on January January 31, 2025 it entered into a letter agreement with Chief Executive Officer and President Ernie Herrman that extends the term of his existing employment agreement to January 29, 2028. The agreement may be terminated earlier in accordance with its terms.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. TJX said on January January 31, 2025 it entered into a letter agreement with Chief Executive Officer and President Ernie Herrman that extends the term of his existing employment agreement to January 29, 2028. The agreement may be terminated earlier in accordance with its terms.

  2. The company extended the term of its existing employment agreement with Carol Meyrowitz, Executive Chairman of the Board, to January 29, 2028. The agreement also sets a minimum annual base salary of $1,100,000, effective February 2, 2025.

  3. TJX extended the term of Scott Goldenberg's existing employment agreement, as Executive Advisor, to April 24, 2026 under a letter agreement entered into on January 31, 2025. The company said its other existing terms and conditions remain unchanged.

  4. TJX said the agreements with Herrman and Meyrowitz generally continue the terms of their existing employment agreements. It said copies of the two agreements will be filed with the SEC as exhibits to the fiscal year 2025 Form 10-K.

Summary

AI-written

Analysis 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.

CEO and President Employment Term Extended

TJX said on January January 31, 2025 it entered into a letter agreement with Chief Executive Officer and President Ernie Herrman that extends the term of his existing employment agreement to January 29, 2028. The agreement may be terminated earlier in accordance with its terms.

Source · Based on the filing body and exhibits

Executive Chairman Employment Extension and Minimum Base Salary

The company extended the term of its existing employment agreement with Carol Meyrowitz, Executive Chairman of the Board, to January 29, 2028. The agreement also sets a minimum annual base salary of $1,100,000, effective February 2, 2025.

Source · Based on the filing body and exhibits

Executive Advisor Employment Term Extended

TJX extended the term of Scott Goldenberg's existing employment agreement, as Executive Advisor, to April 24, 2026 under a letter agreement entered into on January 31, 2025. The company said its other existing terms and conditions remain unchanged.

Source · Based on the filing body and exhibits

Existing Employment Terms Maintained; Agreements to Be Filed

TJX said the agreements with Herrman and Meyrowitz generally continue the terms of their existing employment agreements. It said copies of the two agreements will be filed with the SEC as exhibits to the fiscal year 2025 Form 10-K.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.