Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 10, 2021, the Board of Directors of Hanesbrands Inc. (the "Company")
increased the number of members of the Board of Directors from nine to ten and
elected William S. Simon to serve as a director of the Company, each effective
as of June 14, 2021. Mr. Simon will serve until the Company's next annual
meeting of stockholders and until his successor is elected and qualified, or
until his resignation or removal. He will serve as a member of the Audit
Committee.
Mr. Simon's compensation will be consistent with the Company's previously
disclosed standard compensatory arrangements for non-employee directors, which
are described in the Company's most recent proxy statement filed with the
Securities and Exchange Commission on March 15, 2021, under the heading
"Director Compensation." Mr. Simon's compensation for 2021 will be prorated to
reflect the commencement date of his Board service.
Other than the standard compensation arrangements described above, there are no
arrangements or understandings between Mr. Simon and any other person pursuant
to which he was elected as a director. The Company is not aware of any
transaction with Mr. Simon that would require disclosure under Item 404(a) of
Regulation S-K.
The press release issued by the Company announcing Mr. Simon's election is
furnished as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Press Release dated June 14, 2021
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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