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Subsequent Events
3 Months Ended
Jul. 30, 2016
Subsequent Events

24. Subsequent Events

Chief Executive Officer Departure

On August 16, 2016, the Company announced the departure of its Chief Executive Officer, Ronald D. Boire. The Board of Directors determined that Mr. Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the Company. The Company’s Executive Chairman, Leonard Riggio, who was scheduled to retire as Executive Chairman at the close of the Company’s Annual Meeting on September 14, 2016, has postponed his retirement until a later date. An estimate of the costs related to Mr. Boire’s departure cannot be made at this time.

The Company immediately commenced an executive search for a new CEO. Mr. Riggio, along with other members of the executive management team, assumed Mr. Boire’s duties. The Company will continue to execute on its previously announced strategic initiatives.