secwatch.observer — SEC 8-K summary
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Issuer:     TJX COMPANIES INC /DE/ (TJX)
CIK:        0000109198
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0000109198-22-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

TJX to divest 25% Familia stake after Russia invasion; potential $186M impairment
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- Commits to sell equity in Familia, a Russian off-price retailer with 400+ stores, due to Ukraine invasion.
- Doug Mizzi and Scott Goldenberg resigned from Familia's Board effective March 2, 2022.
- $225M invested in 2019; carrying value $186M as of Jan 29, 2022, including $40M cumulative FX loss.
- Investment loss or impairment charge possible if fair value falls below carrying amount.
- TJX has no sales in Russia or Ukraine; Familia accounted for under equity method.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109198/000010919822000004/0000109198-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109198/000010919822000004/tjx-20220302.htm
  HTML page:      https://secwatch.observer/filing/0000109198-22-000004

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