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 OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 23, 2018, GNC Holdings, Inc. (the “Company”) approved, through its Nominating and Corporation Governance Committee, and upon the recommendation of its independent compensation consultant, Korn Ferry Hay Group, that the annual incremental cash retainer for Mr. Robert Moran, as Lead Independent Director, will be $50,000. In addition to the Lead Independent Director incremental cash retainer, Mr. Moran will participate in other compensation arrangements for non-employee directors as described under the caption “Director Compensation” within the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 10, 2018.
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.
