8-KOther Events

DOLLAR TREE, INC. 8-K Report (Oct 1, 2003)

Filed October 1, 2003For Securities:DLTR

Summary

This Form 8-K filing from Dollar Tree Stores, Inc. (DLTR) on October 1, 2003, announces a significant leadership transition. Effective January 1, 2004, Bob Sasser will be promoted to Chief Executive Officer, succeeding Macon Brock, Jr. Sasser, who currently holds the titles of President and COO, has been with Dollar Tree since 1999 and is credited with key operational achievements, including acquisition integration and technology rollouts. Macon Brock, Jr., one of the company's founders, will transition to Chairman of the Board and continue to focus on strategic issues, ensuring a smooth handover. The company highlights Sasser's extensive experience and proven track record as reasons for his promotion, expressing confidence in his ability to drive continued profitable growth. This leadership change signals a focus on continuity and strategic execution for the growing discount variety store chain.

Key Highlights

  • 1Bob Sasser promoted to Chief Executive Officer (CEO), effective January 1, 2004.
  • 2Sasser will retain his current title of President.
  • 3Macon Brock, Jr., a founder, will remain as Chairman of the Board and focus on strategic issues.
  • 4Sasser joined Dollar Tree in 1999 and has served as COO and President.
  • 5Sasser is credited with integrating acquisitions and implementing point-of-sale and supply-chain technology.
  • 6The company expresses confidence in Sasser's leadership to continue profitable growth.
  • 7The filing confirms Dollar Tree operates 2,468 stores across 47 states as of August 2, 2003.

Frequently Asked Questions

Bob Sasser has been promoted to Chief Executive Officer (CEO) of Dollar Tree Stores, Inc., effective January 1, 2004. He will also continue to serve as President.

Bob Sasser joined Dollar Tree in 1999 as Chief Operating Officer and was promoted to President in 2001. He has a strong track record, including integrating acquisitions and successfully rolling out point-of-sale and supply-chain technology. Prior to Dollar Tree, he held senior merchant positions with Roses and Michaels Stores.

Yes, Macon Brock, Jr., one of the company's founders, will remain active as Chairman of the Board. He will also continue as a key employee, focusing on strategic issues and providing guidance and input.

As of August 2, 2003, Dollar Tree Stores, Inc. operated 2,468 stores in 47 states, supported by a coast-to-coast logistics network of eight distribution centers, with two more under construction.