GNC HOLDINGS, INC. (NYSE:GNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Jeffrey R. Hennion, the Chief Marketing and e-Commerce Officer of GNC Holdings, Inc. (the “Company”) and a named executive officer in the Company’s most recent proxy statement filed on April 11, 2017, resigned from his position with the Company, effective June 1, 2017. Mr. Hennion will remain eligible for a pro-rata bonus for 2017 contingent upon the Company’s performance. Mr. Hennion’s outstanding equity awards, in the form of time vested restricted stock, performance vested restricted stock, and stock options are and will continue to be governed by the terms and conditions of the underlying equity incentive plans and award agreements to which such awards were issued, giving effect to his resignation.

In connection with his resignation from the Company, Mr. Hennion and the Company agreed in principle to a consulting arrangement for a period not to exceed one year, unless extended by the parties. Mr. Hennion has agreed to customary non-competition and non-solicitation terms, and a customary release of claims. Mr. Hennion will provide consulting services to the Company on an as-needed, non-exclusive basis for projects as may be assigned by the Company from time to time, subject to minimum required amounts, for which Mr. Hennion will be compensated by the Company on a mutually agreed basis not to exceed his current base salary.

About GNC HOLDINGS, INC. (NYSE:GNC)

GNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company operates in three segments: Retail, Franchising and Manufacturing/Wholesale. The Retail segment includes sales of products to customers at its company-owned stores in the United States, Canada, Puerto Rico and Ireland and through its Websites, GNC.com and LuckyVitamin.com. Its Franchise segment consists of its domestic and international franchise operations. Its Manufacturing/Wholesale segment consists of its manufacturing operations in South Carolina and its wholesale sales business. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Company offers products through GNC.com, LuckyVitamin.com and www.drugstore.com.

GNC HOLDINGS, INC. (NYSE:GNC) Recent Trading Information

GNC HOLDINGS, INC. (NYSE:GNC) closed its last trading session up +0.02 at 7.60 with 1,988,038 shares trading hands.