ASCENA RETAIL GROUP, INC. (NASDAQ:ASNA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 26, 2020, Katie J. Bayne, a member of the Board of Directors (the “Board”) of Ascena Retail Group, Inc. (the “Company”), notified the Company of her decision to resign from the Board effective immediately. Ms. Bayne is a member of the class of directors whose terms of office expire at the Company’s 2022 Annual Meeting of Stockholders. Ms. Bayne advised the Company that she has no disagreement with the Company on any matter relating to the Company’s operations, policies or practices and the decision was based solely on personal reasons.

Effective immediately, the Board has approved a reduction in the size of the Board from 11 to 10 directors.

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.