Summary
This Form 8-K filing from The TJX Companies, Inc. (TJX) officially announces a significant leadership transition that was previously indicated. Effective January 31, 2016, Ernie Herrman has been appointed Chief Executive Officer, a role he will hold in addition to his current positions as President and a member of the Board of Directors. Carol Meyrowitz, who has served as Chairman since June 2015 and CEO since January 2007, will transition to the role of Executive Chairman of the Board.
Key Highlights
- 1Ernie Herrman appointed Chief Executive Officer, effective January 31, 2016.
- 2Carol Meyrowitz appointed Executive Chairman of the Board, effective January 31, 2016.
- 3Ernie Herrman will continue to serve as President and a Board member.
- 4This leadership change was previously signaled on October 7, 2015.
- 5The filing confirms no new compensation arrangements or reportable transactions for Mr. Herrman beyond what was previously disclosed.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce the transition of leadership at The TJX Companies, Inc., specifically the appointment of Ernie Herrman as Chief Executive Officer and Carol Meyrowitz as Executive Chairman of the Board, effective January 31, 2016.
The new CEO is Ernie Herrman. His background information, including business experience, is incorporated by reference from the Company's Form 10-K for the fiscal year ended January 31, 2015, and his compensation arrangements were detailed in a previous 8-K filing from October 7, 2015.
Carol Meyrowitz, the outgoing CEO, will transition to the role of Executive Chairman of the Board of Directors. She has been Chairman since June 2015.
No, this filing does not disclose new compensation details for Mr. Herrman. Information regarding his compensation arrangements is incorporated by reference to a prior Form 8-K filing from October 7, 2015.