0001104659-22-031499.txt : 20220308 0001104659-22-031499.hdr.sgml : 20220308 20220308160126 ACCESSION NUMBER: 0001104659-22-031499 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220308 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220308 DATE AS OF CHANGE: 20220308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RITE AID CORP CENTRAL INDEX KEY: 0000084129 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 231614034 STATE OF INCORPORATION: DE FISCAL YEAR END: 0226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05742 FILM NUMBER: 22721648 BUSINESS ADDRESS: STREET 1: 30 HUNTER LANE CITY: CAMP HILL OWN STATE: PA ZIP: 17011 BUSINESS PHONE: 7177612633 MAIL ADDRESS: STREET 1: PO BOX 3165 CITY: HARRISBURG STATE: PA ZIP: 17105 FORMER COMPANY: FORMER CONFORMED NAME: RACK RITE DISTRIBUTORS DATE OF NAME CHANGE: 19680510 FORMER COMPANY: FORMER CONFORMED NAME: LEHRMAN LOUIS & CO DATE OF NAME CHANGE: 19680510 8-K 1 tm228695d1_8k.htm FORM 8-K
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

March 8, 2022

 

Rite Aid Corporation

(Exact name of registrant as specified in its charter)

 

Delaware   1-5742   23-1614034
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification Number)

 

30 Hunter Lane, Camp Hill, Pennsylvania 17011

(Address of principal executive offices, including zip code)

 

(717) 761-2633

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which
registered
Common Stock, $1.00 par value RAD The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company      ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ¨

 

 

 

 

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On March 8, 2022, Rite Aid Corporation (the “Company”) announced steps to streamline its management team, including the elimination of the Rite Aid Chief Operating Officer position and consolidation of its pharmacy leadership. As a result, James Peters, the current Chief Operating Officer of the Company ceased to be employed by the Company effective March 7, 2022. In addition, Jocelyn Konrad, the current Executive Vice President and Chief Pharmacy Officer of the Company, ceased to be employed by the Company effective March 7, 2022.

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Exhibit
99.1   Press Release dated March 8, 2022
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

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 hereto duly authorized.

 

Date: March 8, 2022 By: /s/ Matthew C. Schroeder
  Name: Matthew C. Schroeder
  Title: Executive Vice President and Chief Financial Officer

 

***

 

 

 

EX-99.1 2 tm228695d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

 

 

RITE AID CORPORATION REALIGNS MANAGEMENT TO STREAMLINE OPERATIONS

 

PHILADELPHIA – March 8, 2022 – Rite Aid Corporation (NYSE: RAD) today announced steps to realign its management team and streamline the company’s operations, including the elimination of the Rite Aid Chief Operating Officer (COO) position and consolidation of its pharmacy leadership. As a result, Jim Peters, COO, and Jocelyn Konrad, Executive Vice President and Chief Pharmacy Officer, have left the company.

 

Karen Staniforth, Senior Vice President, Clinical Pharmacy Services, will take on the title of Chief Pharmacy Officer, which going forward will be focused specifically on centralized pharmacy operations in addition to her current responsibilities. Andre Persaud, Executive Vice President and Chief Retail Officer, will take over field operations for pharmacy as well as oversight of front-end operations. Staniforth, Persaud and Erik Keptner, Senior Vice President and Chief Marketing and Merchandising Officer, will report directly to Heyward Donigan, Rite Aid’s President and CEO. In addition, Justin Mennen, Executive Vice President and CIO, will expand his responsibilities to include leadership of all digital and ecommerce and his new title is Chief Digital and Technology Officer.

 

“The changes we announced today are part of our ongoing efforts to reduce costs and remove layers,” said Ms. Donigan. “Karen, Andre, Erik and Justin have been instrumental in bringing our full suite of retail products and pharmacy services to our customers, and I look forward to working directly with them as we execute on our omni-pharmacy strategy.”

 

Ms. Donigan continued, “I also want to thank Jim and Jocy for their many contributions and wish them well in their future endeavors.”

 

About Rite Aid Corporation

 

As the trusted, everyday care connector, Rite Aid drives lower health care costs through better coordination, stronger engagement, and personalized services that help you achieve whole health for life. We provide an array of whole being health products and services for the entire family through over 2,450 retail pharmacy locations across 17 states. Through Elixir, we provide pharmacy benefits and services to millions of members nationwide. For more information, www.riteaid.com.

 

###

 

Investor contact:

Byron Purcell

(717) 975-3710

investor@riteaid.com

 

Media contact:

Terri Hickey

(773) 655-3035

press@riteaid.com

 

 

 

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Cover
Mar. 08, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Mar. 08, 2022
Entity File Number 1-5742
Entity Registrant Name Rite Aid Corporation
Entity Central Index Key 0000084129
Entity Tax Identification Number 23-1614034
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 30 Hunter Lane
Entity Address, City or Town Camp Hill
Entity Address, State or Province PA
Entity Address, Postal Zip Code 17011
City Area Code 717
Local Phone Number 761-2633
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1.00 par value
Trading Symbol RAD
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