8-KOther Events

TJX COMPANIES INC /DE/ 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Sep 16, 2011)

Filed September 16, 2011For Securities:TJX

Summary

This Form 8-K filing by The TJX Companies, Inc. (TJX) reports on a temporary suspension of trading under the company's employee benefit plans, specifically the TJX General Savings/Profit Sharing Plan and a corresponding Puerto Rican plan. The primary purpose of this filing is to inform stakeholders about the revised dates for this "blackout period." Investors should note that this is a procedural update related to a change in recordkeepers and investment options within the employee savings plan. The blackout period is now scheduled to commence on October 26, 2011, and is expected to conclude around the week of November 13, 2011. This delay from a previous notification (filed on September 1, 2011) is to ensure the smooth transition of recordkeeping and investment choices for plan participants.

Key Highlights

  • 1TJX Companies, Inc. is filing an 8-K to update information on a trading suspension for its employee benefit plans.
  • 2The filing concerns the TJX General Savings/Profit Sharing Plan and a related Puerto Rican plan.
  • 3The primary reason for the suspension is a change in recordkeepers and investment options for the plans.
  • 4The blackout period is now scheduled to start on October 26, 2011, at 4:00 p.m. Eastern Time.
  • 5The suspension is expected to end during the week of November 13, 2011.
  • 6This update is a rescheduling from a previous notification filed on September 1, 2011.

Frequently Asked Questions

A blackout period is a temporary restriction on the ability of participants and beneficiaries to trade or make changes to their investments within an employee benefit plan, such as a 401(k) plan. This typically occurs during significant plan events like changes in plan administrators or investment options.

TJX is implementing this blackout period to facilitate a change in the recordkeepers and investment options for its General Savings/Profit Sharing Plan and the corresponding Puerto Rican plan. This ensures a smooth transition of assets and information.

As a direct investor in TJX stock, this blackout period under the employee benefit plan typically has no direct impact on your ability to buy or sell shares in the open market. The restriction applies only to participants' ability to make transactions within the company's retirement savings plans.

The blackout period was rescheduled to allow additional time to complete the change of recordkeepers and investment options, ensuring a more efficient and accurate transition for plan participants.