secwatch.observer — SEC 8-K summary
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Issuer:     TRACTOR SUPPLY CO /DE/ (TSCO)
CIK:        0000916365
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000916365-23-000037
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tractor Supply CEO Hal Lawton extends contract to 2026; Board Chair Jamison retiring, Edna Morris elected successor
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- CEO Hal Lawton's employment agreement extended to Feb 9, 2026, with annual evergreen renewal; base salary $1.25M, target bonus 150%.
- Cynthia Jamison to retire as Chairman after 21 years; Edna Morris appointed as independent Chairman, effective May 11, 2023.
- Director Tom Kingsbury resigned effective Feb 6, 2023 due to new CEO role at Kohl's; not related to any disagreement.
- Board reduced from 10 to 9 members effective Feb 9, 2023, and to 8 members after Jamison's term ends at 2023 Annual Meeting.
- Amended change in control agreements for executive officers extend severance multiples and vesting terms; effective March 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916365/000091636523000037/0000916365-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916365/000091636523000037/tsco-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000916365-23-000037

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