Dollar General CEO Todd Vasos to retire Nov 1, 2022; Jeffery Owen named successor

DOLLAR GENERAL CORP

Todd Vasos steps down as CEO effective Nov 1, 2022; will serve as senior advisor through April 2023 then retire.
Jeffery Owen, current COO, promoted to CEO effective Nov 1, 2022.
Owen's annual base salary increased to $1,125,000; target bonus raised to 150% of base salary.
Owen receives one-time long-term incentive award of ~$6M in non-qualified stock options vesting over 3-5 years.
Vasos expected to remain on Board of Directors after retirement.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Todd Vasos

Chief Executive Officer

DG · DOLLAR GENERAL CORP

Effective: 2022-11-01
Successor: Jeffery Owen
Filed: July 12, 2022, 7:59 PM ET

On July 6, 2022, Todd Vasos informed Dollar General Corporation (the “Company”) of his decision to step down from his position as Chief Executive Officer of the Company effective November 1, 2022.

Appointed

Jeffery Owen

Chief Executive Officer

DG · DOLLAR GENERAL CORP

Effective: 2022-11-01
Filed: July 12, 2022, 7:59 PM ET

On July 8, 2022, the Board approved the promotion of Jeffery Owen, 52, to Chief Executive Officer of the Company effective immediately following Mr. Vasos’ resignation from the Chief Executive Officer role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.99

Todd Vasos departed as Chief Executive Officer at DOLLAR GENERAL CORP.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

On July 6, 2022, Todd Vasos informed Dollar General Corporation (the “Company”) of his decision to step down from his position as Chief Executive Officer of the Company effective November 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.99

Jeffery Owen was appointed as Chief Executive Officer at DOLLAR GENERAL CORP.

Action: promoted
Role: Chief Executive Officer

Exact text from the filing

On July 8, 2022, the Board approved the promotion of Jeffery Owen, 52, to Chief Executive Officer of the Company effective immediately following Mr. Vasos’ resignation from the Chief Executive Officer role.

View on SEC.gov

DOLLAR GENERAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-22-078986

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.