Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 11, 2021, the Board of Directors (the "Board") of Leslie's, Inc. (the
"Company") increased the size of the Board from nine to ten members and elected
James Ray, Jr. to the Board, effective August 13, 2021. The Board also appointed
Mr. Ray to the Nominating and Corporate Governance Committee and Compensation
Committee of the Board.
Mr. Ray will receive compensation for service as a non-employee director of the
Company consistent with the compensation generally provided to other
non-employee directors, as determined by the Board from time to time.
Compensation for the Company's non-employee directors is described in the
Company's Annual Report on Form 10-K for the fiscal year ended October 3, 2020
as filed with the Securities and Exchange Commission on December 23, 2020.
There are no arrangements or understandings between Mr. Ray and any other
persons pursuant to which Mr. Ray was selected as a director. Mr. Ray has no
direct or indirect material interest in any transaction required to be disclosed
pursuant to Item 404(a) of Regulation S-K.
Mr. Ray, age 57, served from 2013 to 2020 in various leadership capacities at
Stanley Black & Decker, Inc, most recently as President of STANLEY Engineered
Fastening. He previously served from 2009 to 2013 as Senior Vice President and
General Manager of TE Connectivity Inc. (f/k/a Tyco Electronics) where he was
responsible for its North and South American Automotive connectivity
business. From 1993 to 2009 Mr. Ray served in numerous engineering and
operational leadership roles at General Motors Company, where he began his
career, and at Delphi Corporation following its spin-off from GM. He currently
serves on the board of directors of Commercial Vehicle Group, Inc. and R.R.
Donnelley & Sons Company.
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