SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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 June 10, 2024, the Board of Directors (the “Board”) of Bread Financial Holdings, Inc. (the “Company”) voted to increase the size of the Board to ten directors and appointed Praniti Lakhwara as a director and member of the Risk & Technology Committee, all effective as of June 10, 2024. A copy of the press release announcing the appointment of Ms. Lakhwara is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Ms. Lakhwara currently serves as Chief Information Officer of Zscaler, Inc. Prior to becoming CIO, Ms. Lakhwara served as Zscaler’s Senior Vice President of Information Technology and Applications from May 2021 to March 2022. Before joining Zscaler, Inc., Ms. Lakhwara served in senior leadership positions at Conga Inc. from May 2017 to May 2021, including as Chief Information Officer and Data Privacy Officer. She has also held various technology leadership roles with increasing responsibility at Nimble Storage, Inc. from 2015 to 2017, at Guidewire Software, Inc. from 2013 to 2015 and at Align Technology, Inc. from 2001 to 2013.
There are no arrangements or understandings between Ms. Lakhwara and any other person pursuant to which Ms. Lakhwara was selected as a director. There are no related party transactions between the Company and Ms. Lakhwara that would require disclosure under Item 404(a) of Regulation S-K. Based on the director independence listing standards of the New York Stock Exchange and the Company’s Corporate Governance Guidelines, the Board has determined that Ms. Lakhwara is independent.
Ms. Lakhwara will be compensated for her Board service in accordance with the Company’s previously disclosed standard compensation arrangements for non-employee directors, as described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 3, 2024. The Company has entered into an indemnification agreement with Ms. Lakhwara, the form of which was included as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the SEC on June 5, 2015.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Document Description | |||||||
| Press release dated June 11, 2024. | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Bread Financial Holdings, Inc. | ||||||||
Date: June 11, 2024 | By: | /s/ Joseph L. Motes III | ||||||
| Joseph L. Motes III Executive Vice President, Chief Administrative Officer, General Counsel and Secretary | ||||||||
