8-KShareholder MattersCorporate ChangesExhibits & Filings

DOLLAR TREE, INC. 8-K Report, Bylaw Amendment (Jun 18, 2018)

Filed June 18, 2018For Securities:DLTR

Summary

This 8-K filing from Dollar Tree, Inc. (DLTR) on June 18, 2018, primarily details the outcomes of its Annual Meeting of Shareholders held on June 14, 2018. A key governance change involved the Board of Directors amending the company's bylaws to reduce the size of the Board from thirteen to twelve directors, effective immediately. This reduction occurred following the retirement of a director and aims to streamline board operations. Furthermore, the filing confirms the election of all eleven director nominees to the Board, indicating strong shareholder confidence in the current leadership. Shareholders also approved, on an advisory basis, the compensation of the named executive officers, as well as ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for fiscal year 2018. These outcomes suggest stability and shareholder alignment on key governance and financial oversight matters.

Key Highlights

  • 1Dollar Tree's Board of Directors reduced its size from 13 to 12 members, effective June 14, 2018, following a director's retirement.
  • 2All eleven nominated directors were elected to the Board by shareholders at the Annual Meeting.
  • 3Shareholders provided advisory approval for the compensation of named executive officers.
  • 4The appointment of KPMG LLP as the independent registered public accounting firm for 2018 was ratified by shareholders.
  • 5The annual meeting was held on June 14, 2018, with voting results for director elections, executive compensation, and auditor ratification provided.
  • 6The amendments to the bylaws, reducing the board size, are incorporated by reference as Exhibit 3.1.

Frequently Asked Questions

The company reduced the size of its Board of Directors from thirteen to twelve members due to the retirement of a director, H. Ray Compton, at the completion of his term. This action was formalized by amending Article III, Section 2 of the company's bylaws.

Yes, all eleven director nominees presented at the Annual Meeting of Shareholders on June 14, 2018, were elected to the Board of Directors.

Shareholders approved, on an advisory basis, the compensation of the company's named executive officers. This approval reflects shareholder confidence in the disclosed compensation practices.

Yes, the shareholders ratified the appointment of KPMG LLP as Dollar Tree, Inc.'s Independent Registered Public Accounting Firm for the fiscal year 2018. This appointment was made by the Audit Committee.