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

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 7, 2017, Michael D. Dzura resigned as Executive Vice President, Operations.

Effective as of March 7, 2017, Joseph C. Gorman, age 46, was appointed as Executive Vice President, Operations. Prior to his appointment, Mr. Gorman served as Senior Vice President, Store Operations from January to March, 2017 and Vice President, Western Division, from December, 2015 to January, 2017. Prior to joining the Company in 2015, Mr. Gorman was President of Anomaly Republic, a clothing retailer headquartered in Southern California from 2014 to 2015. Prior to that, Mr. Gorman spent approximately six years at GameStop, an omni‑channel video game and electronics retailer, where he held various field leadership positions from 2009 to 2014, and approximately 16 years before that at The Home Depot, a home improvement retailer, where he held various operational roles in the field and headquarters.

The Company has not entered into any compensation arrangements with Mr. Gorman, or any amendment or modification of an existing contract or arrangement, in connection with his appointment as Executive Vice President, Operations.

In connection with Mr. Dzura’s departure, and subject to Mr. Dzura’s execution and non‑revocation of a release of claims against the Company and compliance with covenants set forth in the Company’s policy, Mr. Dzura will receive a severance amount equal to his annual base salary, payable in installments over a one year period following separation. In addition, the Company will pay for a portion of Mr. Dzura’s health benefits for the same period or, if earlier, until the time he is covered by another health plan or is eligible for Medicare. The covenants include confidentiality, non-competition and non-solicitation of the Company’s employees.

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 down -0.13 at 7.38 with 3,171,426 shares trading hands.