UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event
reported): December 14, 2020 (
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 14, 2020, Cracker Barrel Old Country Store, Inc. (the “Company”) issued a press release announcing that effective as of December 31, 2020, Jill Golder will retire from her position as Senior Vice President and Chief Financial Officer of the Company. During the period commencing on January 1, 2021 and ending on February 28, 2021, Ms. Golder will provide consulting services to the Company as a non-employee consultant, including assisting the Company with the transition of Ms. Golder’s duties to her successor, as set forth in a letter agreement, dated December 11, 2020 (the “Consulting Agreement”).
The Company also announced that Doug Couvillion, age 56, will succeed Ms. Golder as the Company’s Interim Chief Financial Officer effective as of January 1, 2021. Mr. Couvillion has been employed with the Company since 2001 and assumed his current position of Senior Vice President, Sourcing and Supply Chain in November 2016. From 2001 to 2016, he served the Company in various capacities including Vice President of Supply Chain and Quality Assurance and Corporate Controller and Principal Accounting Officer. Mr. Couvillion has 25 years of experience in the restaurant industry and 18 years of experience in the retail industry. Mr. Couvillion has no family relationships that would require disclosure under Item 401(d) of Regulation S-K in this Current Report on Form 8-K, and he is not a party to any material plan, contract or arrangement with the Company other than those generally available to all Senior Vice President-level officers of the Company and as disclosed in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on October 1, 2020. Mr. Couvillion neither is a party to nor has any direct or indirect material interest in any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K in this Current Report on Form 8-K.
A copy of the press release announcing the Chief Financial Officer transition is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Pursuant to the Consulting Agreement, Ms. Golder will receive a consulting fee of $22,708 per month, for each of January and February, 2021.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. | ||
| Exhibit No. | Description | ||
| 99.1 | Press Release issued by Cracker Barrel Old Country Store, Inc. dated December 14, 2020. | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: December 14, 2020 | CRACKER BARREL OLD COUNTRY STORE, INC. | |
| By: | /s/ Richard M. Wolfson | |
| Name: | Richard M. Wolfson | |
| Title: | Senior Vice President, General Counsel and Corporate Secretary | |