8-KEarnings & ResultsShareholder MattersRegulation FD+1

DOLLAR GENERAL CORP 8-K Report, Financial Results (May 30, 2019)

Filed May 30, 2019For Securities:DG

Summary

This 8-K filing by Dollar General Corporation (DG) primarily announces the results of operations and financial condition for the first fiscal quarter ended May 3, 2019, as detailed in their accompanying news release (Exhibit 99). While the full financial details are in the news release, this filing confirms the company's performance and provides updates on shareholder matters. Additionally, the report details the outcomes of the Annual Shareholder Meeting held on May 29, 2019. Key outcomes include the election of directors for the upcoming year, the advisory approval of executive compensation, and the ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm. The company also announced a quarterly cash dividend of $0.32 per share, demonstrating a commitment to returning value to shareholders, though future dividends remain at the Board's discretion.

Key Highlights

  • 1Dollar General reported its first fiscal quarter 2019 results on May 30, 2019, via a furnished news release (Exhibit 99).
  • 2Shareholders re-elected all incumbent directors to serve until the 2020 Annual Meeting.
  • 3The compensation of named executive officers was approved on an advisory, non-binding basis.
  • 4Ernst & Young LLP was ratified as the company's independent registered public accounting firm for fiscal year 2019.
  • 5A quarterly cash dividend of $0.32 per share was declared by the Board of Directors, payable on or before July 23, 2019.
  • 6The declaration and amount of future cash dividends are subject to the Board's discretion and depend on various business factors.

Frequently Asked Questions

This 8-K filing does not contain the specific financial results; it refers to a separate news release (Exhibit 99) furnished on May 30, 2019, which contains the detailed results of operations and financial condition for the first fiscal quarter ended May 3, 2019. Investors should refer to that news release for specific performance metrics.

At the Annual Meeting on May 29, 2019, shareholders elected directors, approved executive compensation on an advisory basis, and ratified the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2019.

Yes, on May 29, 2019, the Board of Directors declared a quarterly cash dividend of $0.32 per share. This dividend is expected to be paid on or before July 23, 2019, to shareholders of record on July 9, 2019.

While the Board currently expects to continue regular quarterly cash dividends, the declaration and amount of future dividends are at the sole discretion of the Board. They will depend on factors such as the company's financial results, cash requirements, and overall financial condition.