OFFICE DEPOT, INC. (NASDAQ:ODP) 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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OFFICE DEPOT, INC. (NASDAQ:ODP) 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.

On April 11, 2017, Warren Bryant notified the Board of Directors of Office Depot, Inc. (the “Company”) that he will not stand for re-election to the Company’s Board of Directors at its 2017 Annual Meeting of Shareholders (the “Annual Meeting”). In addition, on April 13, 2017, Rakesh Gangwal informed the Company that he will also not stand for re-election to the Company’s Board of Directors at the Annual Meeting. Messrs. Bryant and Gangwal currently serve on the Company’s Finance Committee and Mr. Gangwal also serves on the Company’s Corporate Governance and Nominating Committee. Neither Mr. Bryant’s nor Mr. Gangwal’s decision not to stand for re-election involved a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 

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About OFFICE DEPOT, INC. (NASDAQ:ODP)

Office Depot, Inc. (Office Depot) is a provider of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division, North American Business Solutions Division and International Division. It operates under the Office Depot and OfficeMax brands. It also offers products under various labels, including Foray, Ativa, TUL, WorkPro, Brenton Studio, Highmark, Grand & Toy and Viking Office Products. It offers its products under supplies, technology, furniture and other categories. The supplies category includes products, such as paper, binders and school supplies. The technology category includes products, such as desktop and laptop computers, monitors, cables, software, telephones and wireless communications products, as well as services for technology products. The furniture and other category include products, such as desks, chairs, luggage, sales in its copy and print centers, and other miscellaneous items.

OFFICE DEPOT, INC. (NASDAQ:ODP) Recent Trading Information

OFFICE DEPOT, INC. (NASDAQ:ODP) closed its last trading session down -0.11 at 4.65 with 2,665,212 shares trading hands.