secwatch.observer — SEC 8-K summary
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Issuer:     TJX COMPANIES INC /DE/ (TJX)
CIK:        0000109198
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000109198-22-000026
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109198/000010919822000026/0000109198-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109198/000010919822000026/tjx-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000109198-22-000026

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