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
Inc. (the Company) that, after 20 years of service, he would not
be seeking re-election to the Board of Directors of the Company
at the 2017 Annual Meeting of Shareholders, which will be held on
May 16, 2017. Mr. Hernandezs decision not to pursue re-election
was solely for personal reasons and not due to a disagreement
with the Companys management or the Board of Directors. Mr.
Hernandez will continue to serve as a director of the Company
until the expiration of his term at the 2017 Annual Meeting of
Shareholders.
re-election, the Company expressed its gratitude and appreciation
to Mr. Hernandez for his 20 years of service, which included
serving 5 years as lead director and 10 years as Chairman and
Presiding Director.
regarding Mr. Hernandezs decision not to seek re-election. A copy
of the Companys press release is attached as Exhibit 99.1 and is
incorporated herein by reference.
announcing that its Board of Directors has authorized a $500
million share repurchase program and has approved a quarterly
dividend. A copy of the press release is attached hereto as
Exhibit 99.2 and is incorporated herein by reference.
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99.1
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Press release of Nordstrom, Inc., dated February 17,
2017. |
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99.2
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Press release of Nordstrom, Inc., dated February 17,
2017. |
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 +0.18 at 45.87 with 4,296,132 shares trading hands.
