Compensatory Arrangements of Certain Officers.

On April 10, 2020, Wendy Hufford, Senior Vice President, General Counsel and Corporate Secretary, and a named executive officer, departed from Ascena Retail Group, Inc. (the “Company”). Upon execution and non-revocation of a separation agreement and general release with the Company, Ms. Hufford will be entitled to severance benefits under the Company’s Executive Severance Plan, as described in the Company’s 2019 proxy statement filed with the Securities and Exchange Commission on October 30, 2019.

About ASCENA RETAIL GROUP, INC. (NASDAQ:ASNA)

Ascena Retail Group, Inc. is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands. The Justice segment offers apparel to girls who are aged 6 to 12. The Lane Bryant segment offers apparel to female customers in plus-sizes 14-28. The maurices segment offers women’s casual clothing, career wear, dressy apparel, active wear and accessories. The dressbarn segment consists of the specialty retail, outlet and e-commerce operations of the dressbarn brand. The Catherines segment offers classic apparel and accessories to female customers for wear-to-work and casual lifestyles. As of July 30, 2016, the Company operated approximately 4,900 stores in 49 United States’ states, the District of Columbia, Canada and Puerto Rico.