Tailored Brands,Inc. (NYSE:TLRD) 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.

Effective January3, 2017, Jack Calandra, age 49, will join
Tailored Brands,Inc. (the Company) as Executive Vice President,
Chief Financial Officer and Treasurer. Mr.Calandra joins the
Company from The Gap,Inc. where he was most recently senior vice
president, corporate finance and investor relations. His career
at The Gap,Inc. spanned more than ten years and included roles as
CFO of the multi-billion dollar Banana Republic Global division,
CFO of Gap International and CFO of Gap Direct, the ecommerce
division. Prior to joining The Gap,Inc., Mr.Calandra served 11
years at Unilevers North America Division where he held
progressively senior accounting and financial leadership roles
and advised management on strategic acquisitions.

There is no arrangement or understanding between Mr.Calandra and
any other persons to which Mr.Calandra was selected as an
officer. Neither Mr.Calandra nor any related person of
Mr.Calandra has a direct or indirect material interest in any
existing or currently proposed transaction to which the Company
is or may become a party. Mr.Calandra is not related to any of
the executive officers or directors of the Company.

In connection with his appointment, Mr.Calandra will receive
(1)an annual base salary of $500,000, (2)a potential annual
incentive bonus target equal to 75% of his annual base salary
($375,000) to the Companys 2016 Cash Incentive Plan, (3)a signing
bonus of $340,000 and (4)future equity grants with an aggregate
value of $800,000, comprised of 40% performance units, 30% stock
options and 30% time-vesting deferred stock units. In the event
of termination without cause, Mr.Calandra will receive 52 weeks
of salary and a pro-rata share of his target bonus. Mr.Calandra
will also participate in the Companys Senior Executive Change in
Control Plan.

Mr.Calandra will succeed the Companys current Chief Financial
Officer, Jon Kimmins, who will be leaving to pursue other
interests. This event occurred on December8, 2016 and Mr.Kimmins
will remain employed by the Company through the end of this
calendar year. The Company and Mr.Kimmins are currently
discussing the terms of a separation agreement and we will
disclose the material terms of the separation agreement once
finalized.

Item 8.01 Other Events.

On December13, 2016, the Company issued a press release
announcing the appointment of Mr.Calandra as Chief Financial
Officer as discussed under Item 5.02 above. A copy of the press
release is attached hereto as Exhibit99.1 and is incorporated
herein by reference.

About Tailored Brands, Inc. (NYSE:TLRD)

Tailored Brands, Inc. is a holding company of The Men’s Wearhouse, Inc. The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel. The Retail segment includes over four retail merchandising brands: Men’s Wearhouse/Men’s Wearhouse and Tux, Jos. A. Bank, Moores, and K&G. Specialty apparel merchandise offered by its retail merchandising concepts include suits, suit separates, sport coats, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men. Women’s career apparel, sportswear and accessories, such as shoes and children’s apparel, are offered at its K&G stores. The Corporate Apparel segment includes corporate apparel and uniform operations conducted by Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.

Tailored Brands, Inc. (NYSE:TLRD) Recent Trading Information

Tailored Brands, Inc. (NYSE:TLRD) closed its last trading session down -0.10 at 27.29 with 2,089,794 shares trading hands.