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
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 17, 2019, Bed Bath & Beyond Inc. (the “Company”) announced the restructuring of its leadership team, including, among other changes, the departure of Susan E. Lattmann, the Company’s Chief Administrative Officer, effective as of December 16, 2019. As part of the restructure, the Chief Administrative Officer role has been eliminated. In connection with her separation from the Company, Ms. Lattmann will be entitled to those separation payments and benefits as are provided upon a termination of employment without “cause” pursuant to her employment agreement and outstanding option and performance stock unit award agreements. Following her separation, Ms. Lattmann will continue to be subject to certain restrictive covenants, including post-termination non-competition and non-solicitation covenants.
A copy of the Company’s press release announcing the restructuring of the Company’s leadership described above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit |
Description | |||
| 99.1 |
Press Release issued by Bed Bath & Beyond Inc. on December 17, 2019 | |||
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||
SIGNATURES
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 thereunto duly authorized.
| BED BATH & BEYOND INC. | ||||||
| (Registrant) | ||||||
| Date: December 17, 2019 |
By: |
/s/ Robyn M. D’Elia | ||||
| Robyn M. D’Elia | ||||||
| Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) | ||||||