ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
On September 25, 2020, Dollar General Corporation (the "Company") announced the
departure of Jason Reiser from the Company effective September 24, 2020. Mr.
Reiser had served as the Company's Executive Vice President and Chief
Merchandising Officer since July 2017. The Company further announced that Emily
Taylor will assume the position of Executive Vice President and Chief
Merchandising Officer effective September 25, 2020. Ms. Taylor previously served
in various roles of increasing responsibility at the Company since 1998, most
recently as Senior Vice President, Channel Innovation. The related press release
is attached as Exhibit 99.1 hereto.
In addition to the amounts to be paid pursuant to the Employment Agreement
between the Company and Mr. Reiser dated April 1, 2018 (the "Employment
Agreement"), the Company has agreed, contingent upon the execution and
effectiveness of the Release that is attached to and made a part of the
Employment Agreement, to provide Mr. Reiser with an additional lump sum cash
payment of $1,582,646, less applicable withholdings, in exchange for extending
by an additional six months the duration of the business protection provisions
set forth in the Employment Agreement pertaining to his non-compete,
non-disclosure and non-solicitation obligations. The description of this
agreement is a summary only, and the complete terms and conditions of this
agreement are set forth in the Amendment to Employment Agreement, effective
September 24, 2020, by and between the Company and Mr. Reiser which is attached
as Exhibit 99.2 hereto.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired. N/A
(b) Pro forma financial information. N/A
(c) Shell company transactions. N/A
(d) Exhibits. See Exhibit Index to this report.
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