Kirkland’s, Inc. (NASDAQ:KIRK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Kirkland’s, Inc. (NASDAQ:KIRK) 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.

to a letter delivered by Greg Sandfort to Kirkland’s, Inc. (the “Company”) on August 29, 2019, Mr. Sandfort resigned from the Board of Directors of the Company, effective immediately. Mr. Sandfort is currently Chief Executive Officer of Tractor Supply Company, and according to his letter, his decision to resign is the result of policies recently adopted by certain large institutional shareholders of Tractor Supply Company, as well as some proxy advisory firms, that effectively limit public company chief executive officers to only one outside board membership. On August 22, 2019, Mr. Sandfort and Tractor Supply Company entered into an amended employment agreement, which extended the term of Mr. Sandfort\’s employment with Tractor Supply Company to December 31, 2020. Prior to his resignation, Mr. Sandfort served on three public company boards, including the board of Tractor Supply Company. Mr. Sandfort said his decision to resign was not the result of any disagreement with the Company’s operations, policies or procedures.
Mr. Sandfort served on the Company’s Audit Committee, and following his resignation, the Audit Committee will continue to have three independent members.
A copy of Mr. Sandfort’s letter is filed as Exhibit 17.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished as part of this Report:
Top of Form
KIRKLAND'S, INC Exhibit
EX-17.1 2 a171sandfortresignationlet.htm EXHIBIT 17.1 RESIGNATION LETTER Exhibit August 29,…
To view the full exhibit click here

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About Kirkland’s, Inc. (NASDAQ:KIRK)

Kirkland’s, Inc. is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products. The Company’s stores also offer a range of holiday merchandise during seasonal periods, as well as items carried throughout the year suitable for gift-giving. The Company’s average stores generally carry approximately 4,700 Stock Keeping Units (SKUs). The Company’s stores operate under various names, such as Kirkland’s, Kirkland’s Home, Kirkland’s Home Outlet, Kirkland’s Outlet and The Kirkland Collection. It operates approximately 380 stores in over 30 states, as well as an e-commerce enabled Website, www.kirklands.com. Its stores’ locations include Texas, Florida, California, Georgia, North Carolina, Alabama, Arizona, Virginia and Ohio.

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