Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers. OnSeptember 27, 2022 ,TrueBlue, Inc. (the "Company") announcedTaryn Owen has been named President and Chief Operating Officer of the Company, effectiveSeptember 22, 2022 .Ms. Owen , age 44, most recently served as Executive Vice President of the Company and President ofPeopleReady and PeopleScout sinceOctober 2021 . Biographical information regardingMs. Owen is included on page 24 of the Company's proxy statement for its 2022 Annual Meeting of Shareholders and is incorporated herein by reference. In connection withMs. Owen's appointment as President and Chief Operating Officer of the Company, onOctober 3, 2022 ,Ms. Owen will receive a one-time grant of restricted stock units valued at$264,000 , which shall vest in equal installments over four years. Also in connection with this appointment,Ms. Owen entered into a new Employment Agreement with the Company, effectiveSeptember 22, 2022 (the "New Employment Agreement"), substantially the same as the Employment Agreement previously entered into with the Company, datedSeptember 15, 2021 , except that the New Employment Agreement provides for 18 months of severance payments instead of 12 months of severance payments in the event of her termination without cause by the Company, or with good reason byMs. Owen (the terms "cause" and "good reason" are as defined in the New Employment Agreement). In addition,Ms. Owen entered into a new Non-Competition Agreement with the Company, datedSeptember 27, 2022 (the "New Non-Competition Agreement") substantially the same as the Non-Competition Agreement previously entered into with the Company, datedSeptember 15, 2021 , except that the New Non-Competition Agreement provides for an 18-month prohibition against competition, instead of 12 months. The foregoing description of the New Employment Agreement and New Non-Competition Agreement is qualified in its entirety by reference to the full text of the New Employment Agreement and New Non-Competition Agreement, which are filed as Exhibits in section 9.01 of this Current Report on Form 8-K and is incorporated by reference herein. There are no transactions since the beginning of the Company's last fiscal year, or any currently proposed transactions, in which the Company was or is to be a participant and in whichMs. Owen , or any member of her immediate family, has a direct or indirect material interest. Item 9.01. Financial Statements and Exhibits. (d)Exhibits Exhibit Number Exhibit Description Filed Herewith 10.1 Employment Agreement, dated September 2 2 , 2022, by and between X TrueBlue, Inc. and Taryn Owen 10.2 Non-Competition Agreement, dated September 27, 2022, by and between X TrueBlue, Inc. and Taryn Owen
104 Cover page interactive data file - The cover page from this Current Report
X on Form 8-K is formatted as Inline XBRL
--------------------------------------------------------------------------------
© Edgar Online, source