J. C. PENNEY COMPANY, INC. (NYSE:JCP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

J. C. PENNEY COMPANY, INC. (NYSE:JCP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item 5.02

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) Effective May 19, 2017, Colleen C. Barrett will retire from
the Board of Directors (the Board) of J. C. Penney Company, Inc.
(the Company) after 13 years of service as a director.
Accordingly, Ms. Barrett will not stand for re-election at the
Companys 2017 Annual Meeting of Stockholders. Ms. Barretts
decision was not the result of any disagreement with the Company
or the Board.
(d)>Effective March 1, 2017, the Board has elected Debora A.
Plunkett as a member of the Board. There are no arrangements or
understandings between Ms. Plunkett and any other person to which
she was elected as a director. The committees of the Board on
which Ms. Plunkett will serve have not yet been determined.
In connection with her election to the Board, and to the terms of
the Companys 2016 Long-Term Incentive Plan, Ms. Plunkett will be
granted an award of restricted stock units that represents a
pro-rata amount of the current annual equity award to
non-associate directors based on the effective date of her
election.
A copy of the press release announcing Ms. Barretts retirement
and Ms. Plunketts election to the Board is filed with this report
as Exhibit 99.1.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibit 99.1
J. C. Penney Company, Inc. News Release dated March 2,
2017


About J. C. PENNEY COMPANY, INC. (NYSE:JCP)

J. C. Penney Company, Inc. is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices. The Company’s department stores and Website serves the same type of customers, its Website offers virtually the same mix of merchandise as its in store assortment along with other extended categories that are not offered in store, and its department stores accept returns from sales made in stores and through its Website. Its online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.

J. C. PENNEY COMPANY, INC. (NYSE:JCP) Recent Trading Information

J. C. PENNEY COMPANY, INC. (NYSE:JCP) closed its last trading session up +0.12 at 6.36 with 25,344,595 shares trading hands.

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