TJX plans phased retirement of Senior EVP Richard Sherr through July 2023; transition to Mizzi

TJX COMPANIES INC /DE/

Sherr reduces to 80% schedule July 11, 2022; ceases as executive officer Jan 29, 2023; retires July 14, 2023.
Douglas Mizzi to assume Sherr's Marmaxx and HomeGoods responsibilities during transition.
Salary and car allowance reduced 20%; FY23 MIP and LRPIP awards adjusted for reduced schedule.
No new MIP, LRPIP, or equity awards after FY23; outstanding equity continues per existing terms.
Sherr remains bound by non-competition, non-solicitation, and confidentiality covenants.

item 5.02

Executive movements

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Departed

Richard Sherr

Senior Executive Vice President, Group President

TJX · TJX COMPANIES INC /DE/

Effective: 2023-07-14
Filed: May 3, 2022, 7:59 PM ET

effective January 29, 2023, Mr. Sherr will continue to remain employed on this reduced schedule but will no longer serve as an executive officer of TJX, and his employment will continue as a Senior Executive Vice President until his scheduled retirement date of July 14, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Sherr retired as Senior Executive Vice President, Group President at TJX COMPANIES INC /DE/.

Action: retired
Role: Senior Executive Vice President, Group President

Exact text from the filing

effective January 29, 2023, Mr. Sherr will continue to remain employed on this reduced schedule but will no longer serve as an executive officer of TJX, and his employment will continue as a Senior Executive Vice President until his scheduled retirement date of July 14, 2023.

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Source: SEC EDGAR

accession 0000109198-22-000026

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