leadership
confidence high
sentiment neutral
materiality 0.35
TJX extends CEO Herrman and Exec Chair Meyrowitz employment to Feb 1, 2025; Herrman gets $1.7M base, 200% bonus target
TJX COMPANIES INC /DE/
- Ernie Herrman and Carol Meyrowitz entered into letter agreements extending their employment terms to February 1, 2025.
- Herrman's minimum annual base salary set at $1,700,000; minimum target MIP award at 200% of base salary.
- Meyrowitz eligible for continued vesting of future stock and certain long-term cash awards if she provides Board-approved services after retirement.
- All other terms and conditions of existing employment agreements remain unchanged.