ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 14, 2022, Anne Bramman, the Company's Chief Financial Officer,
informed the Company of her intention to step down from her role following the
filing of the Company's Quarterly Report on Form 10-Q for the current quarter,
anticipated to be on or about December 2, 2022. Ms. Bramman's resignation is not
the result of any dispute or disagreement with the Company, including with
respect to any matters relating to the Company's accounting practices or
financial reporting.
Effective upon Ms. Bramman's exit of the Chief Financial Officer role, the
Company has appointed Michael Maher to serve as Chief Financial Officer on an
interim basis. Mr. Maher, age 49, is currently the Company's Chief Accounting
Officer, a role he has held since 2020. While acting as interim Chief Financial
Officer, Mr. Maher will serve as the Company's principal financial officer and
principal accounting officer. Mr. Maher previously served as the Company's
Senior Vice President, Finance, from 2017 to 2020, held various leadership
finance roles for the Company's Nordstrom business from 2011 to 2017, and served
as the Company's Controller from 2009 to 2011. Previously, Mr. Maher served as a
Manager of Assurance and Advisory Services and a Certified Public Accountant
with Deloitte & Touche LLP.
There are no arrangements between Mr. Maher and any other persons pursuant to
which he was appointed to serve as the Company's interim Chief Financial
Officer. There are no family relationships between Mr. Maher and any director or
executive officer of the Company, and he has no direct or indirect material
interest in any transaction required to be disclosed pursuant to Item 404(a) of
Regulation S-K.
ITEM 7.01 Regulation FD Disclosure
On October 17, 2022, the Company issued a press release announcing the
anticipated resignation of Anne Bramman as the Company's Chief Financial Officer
and appointment of Michael Maher to serve as interim Chief Financial Officer. A
copy of the press release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K. The information furnished in this Item 7.01 shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section, nor shall such
information be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, regardless of any general incorporation
language in such filing, except as shall be expressly set forth by a specific
reference in such filing.
ITEM 9.01 Financial Statements and Exhibits
99.1 Press Release of Nordstrom, Inc. dated October 17, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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