Dollar Tree CEO Rick Dreiling steps down; COO Creedon named interim; reaffirms Q3 outlook

DOLLAR TREE, INC.

CEO Rick Dreiling resigned effective Nov 3 due to health issues; Interim CEO Michael Creedon appointed.
Creedon salary increased to $1.1M; receives $2.25M in LTI and $500K cash bonus tied to Family Dollar review.
Board elected Edward Kelly III as Chairman; search for permanent CEO underway.
Company reaffirms fiscal Q3 2024 outlook; quarterly results expected Dec 4.
Family Dollar strategic review progressing; potential sale, spin-off, or disposition.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Michael C. Creedon, Jr.

interim Chief Executive Officer

DLTR · DOLLAR TREE, INC.

Effective: 2024-11-03
Filed: November 4, 2024, 6:59 PM ET

Effective on November 3, 2024, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr. as interim Chief Executive Officer of the Company.

Departed

Richard W. Dreiling

Chief Executive Officer

DLTR · DOLLAR TREE, INC.

Effective: 2024-11-03
Successor: Michael C. Creedon, Jr.
Filed: November 4, 2024, 6:59 PM ET

As interim Chief Executive Officer, Mr. Creedon succeeds Richard W. Dreiling, whose separation from the Company and resignation as a director was effective November 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael C. Creedon, Jr. was appointed as interim Chief Executive Officer at DOLLAR TREE, INC..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

Effective on November 3, 2024, the Board of Directors of Dollar Tree, Inc. (the “Company”) appointed Michael C. Creedon, Jr. as interim Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard W. Dreiling resigned as Chief Executive Officer at DOLLAR TREE, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

As interim Chief Executive Officer, Mr. Creedon succeeds Richard W. Dreiling, whose separation from the Company and resignation as a director was effective November 3, 2024.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

DOLLAR TREE, INC.: Decreased size of Board of Directors from 11 to 10 members by amending Article III, Section 2 of the bylaws (effective 2024-11-03).

Change: bylaw amendment
Effective: 2024-11-03

Exact text from the filing

the Board of Directors of the Company amended the Company’s By-Laws, effective November 3, 2024. The amendment revises Article III, Section 2 of the By-Laws to decrease the number of directors from 11 to 10.

View on SEC.gov

241 governance changes filed in the last 30 days. Browse all governance changes →

DOLLAR TREE, INC. filing history →

Source: SEC EDGAR

accession 0000935703-24-000044

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