BNED appoints two restructuring specialists to board; creates strategic alternatives committee

Barnes & Noble Education, Inc.

Appointed Steven Panagos and Raphael Wallander to the board effective Aug 11, 2023; both have corporate transformation and restructuring experience.
Board created a Strategic Alternatives Committee to explore and advise on strategic alternatives to effect a Specified Liquidity Transaction.
Directors Emily Chiu and Daniel DeMatteo will not stand for reelection at the 2023 annual meeting; no disagreement with company.
Panagos, Wallander, and committee member Rory Wallace receive cash compensation of $45,000/month in lieu of standard director plan.

item 5.02 item 9.01

Executive movements

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Appointed

Raphael Wallander

Director

BNED · Barnes & Noble Education, Inc.

Effective: 2023-08-11
Filed: August 11, 2023, 7:59 PM ET

Effective August 11, 2023, the board of directors (the “Board”) of Barnes & Noble Education, Inc., a Delaware corporation (the “Company”) appointed Messrs. Steven Panagos and Raphael Wallander to the Board (the “New Directors”)

Appointed

Steven Panagos

Director

BNED · Barnes & Noble Education, Inc.

Effective: 2023-08-11
Filed: August 11, 2023, 7:59 PM ET

Effective August 11, 2023, the board of directors (the “Board”) of Barnes & Noble Education, Inc., a Delaware corporation (the “Company”) appointed Messrs. Steven Panagos and Raphael Wallander to the Board (the “New Directors”)

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Raphael Wallander was appointed as Director at Barnes & Noble Education, Inc..

Action: appointed
Role: Director

Exact text from the filing

Effective August 11, 2023, the board of directors (the “Board”) of Barnes & Noble Education, Inc., a Delaware corporation (the “Company”) appointed Messrs. Steven Panagos and Raphael Wallander to the Board (the “New Directors”)

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Panagos was appointed as Director at Barnes & Noble Education, Inc..

Action: appointed
Role: Director

Exact text from the filing

Effective August 11, 2023, the board of directors (the “Board”) of Barnes & Noble Education, Inc., a Delaware corporation (the “Company”) appointed Messrs. Steven Panagos and Raphael Wallander to the Board (the “New Directors”)

View on SEC.gov

Barnes & Noble Education, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-210681

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