NORDSTROM, INC. (NYSE:JWN) 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
Current Report on Form 8-K, filed by Nordstrom, Inc. (the
Company) with the Securities and Exchange Commission on February
23, 2017, relating to compensatory arrangements of the Companys
five Named Executive Officers (the NEOs) as set forth in the
Companys proxy statement dated April 8, 2016. As referenced in
the original filing, the number of stock options (Options) to be
awarded to the NEOs was to be determined to an established
formula, but at the time of the filing of the Current Report on
Form 8-K not all inputs for that formula were available. For that
reason, the number of Options actually awarded was
indeterminable. This amended Current Report on Form 8-K/A is
being filed to update the prior filing and provide this
information.
February 16, 2017, the Compensation Committee of the Board of
Directors of the Company awarded Options, effective February 28,
2017, to the Companys five NEOs. The number of Options awarded to
each of the NEOs is provided in the table below.
|
Named Executive Officer
|
2017 Options Awarded
|
|
|
Blake W. Nordstrom Co-President
|
38,653
|
|
|
Peter E. Nordstrom Co-President
|
38,653
|
|
|
Erik B. Nordstrom Co-President
|
38,653
|
|
|
Michael G. Koppel Executive Vice President and Chief
Financial Officer |
21,677
|
|
|
Christine F. Deputy Executive Vice President, Human
Resources |
16,087
|
|
About NORDSTROM, INC. (NYSE:JWN)
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada. NORDSTROM, INC. (NYSE:JWN) Recent Trading Information
NORDSTROM, INC. (NYSE:JWN) closed its last trading session up +0.34 at 41.95 with 2,713,891 shares trading hands.