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
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On May30, 2017, Office Depot, Inc. (the Company) announced the
appointments of Stephen R. Calkins, 46, and Troy Rice, 54, to
serve as the Companys President, Business Solutions Division and
the Companys President, Retail Division, respectively, effective
immediately. The appointments are aligned to the Companys
reporting segments, North American Business Solutions Division
(BSD) and North American Retail Division (Retail Division). The
decisions are made in connection with the Companys focus on its
strategic initiatives to grow its North American business.
Mr.Calkins currently serves as the Companys Executive Vice
President, Chief Legal Officer and Corporate Secretary.
Mr.Calkins will continue to hold these positions while taking on
the new role of President, Business Solutions Division, pending a
successor being named. Mr.Rice currently serves as the Companys
Executive Vice President and Chief Operating Officer, North
America, a position that will be replaced with his new role as
President, Retail Division.
Mr.Calkins has been serving as the Companys Executive Vice
President, Chief Legal Officer and Corporate Secretary since
August 2016. Between 2011 and 2016, Mr.Calkins held various
leadership roles in operations, including as Executive Vice
President, Contract Sales from December 2013 to August 2016,
during which time he was responsible for the Companys contract
sales business, Canadian operations, print and services and
customer service. Prior to this role, Mr.Calkins served as Senior
Vice President, North American Business Solutions from April 2011
to December 2013, Vice President, Deputy General Counsel from
March 2010 to April 2011, and Vice President, Associate General
Counsel from February 2007 to March 2010. Between 2003 and 2007,
Mr.Calkins held various leadership positions in the Companys
legal department. Before Office Depot, Mr.Calkins was an attorney
with Kilpatrick Townsend Stockton LLP.
Mr.Rice has been serving as the Companys Executive Vice President
and Chief Operating Officer, North America since August 2016.
Mr.Rice joined Office Depot in April 2014 as Executive Vice
President of Retail. Before joining Office Depot, Mr.Rice served
as Executive Vice President of Stores and Services for Toys R Us
where he worked from 2006 to 2014. Prior to Toys R Us, Mr.Rice
worked for The Home Depot from 1990 to 2006 where he held a
number of leadership roles, leaving as Division President,
A copy of the press release announcing the business unit
Presidents and other executive appointments is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
|ITEM9.01.||FINANCIAL STATEMENTS AND EXHIBITS|
|Exhibit99.1||Press Release dated May30, 2017.|
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 00.00 at 5.04 with 4,050,796 shares trading hands.