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 October 2, 2020, Jeffrey A. Miller notified the Company of his resignation as principal accounting officer of the Company, effective immediately (the “Transition Date”). Mr. Miller will continue to serve as the Company’s principal financial officer, with the title of Chief Financial Officer, following the Transition Date.
On October 3, 2020, the Company’s Board of Directors appointed Kristin L. Schwertner to serve as the Company’s principal accounting officer, with the title of Vice President and Chief Accounting Officer, effective immediately.
Ms. Schwertner, 43, joined the Company in July 2006. Most recently, Ms. Schwertner served as the Company’s Controller from March 2019 to September 2020. Prior to that, she served as Senior Director of Financial Reporting from December 2015 to March 2019, Director of Financial Reporting from May 2013 to December 2015 and Manager of Financial Reporting from July 2006 to May 2013.
In connection with Ms. Schwertner’s appointment as the Company’s Vice President and Chief Accounting Officer, the Company has agreed to pay Ms. Schwertner an annual base salary of $240,000, and she will be eligible to receive a cash bonus, payable on a quarterly basis subject to her continued employment for the full quarter, in an amount equal to 0.055% of quarterly EBITDA, as determined in accordance with the Company’s credit agreement with JPMorgan Chase Bank, N.A.
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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 hereunto duly authorized.
THE CONTAINER STORE GROUP, INC. | ||
Date: October 5, 2020 | By: | /s/ Jeffrey A. Miller |
Jeffrey A. Miller | ||
Chief Financial Officer |
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