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 OfficersItem 5.02
Office Depot, Inc. (the “Company”) is filing this Amendment No.1 to its Current Report on Form 8-K filed on May30, 2017, which announced, among other things, the appointment of Stephen R. Calkins as the Company’s President, Business Solutions Division. On July20, 2017, in connection with his new role, the Compensation Committee of the Company’s Board of Directors approved an increase in Mr.Calkins’ annual base salary from $500,000 to $575,000 per year effective as of the date of his appointment in May 2017. No other changes were made to Mr.Calkins’ compensatory arrangements.
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.