SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 September 12, 2023, JOANN Inc. (the “Company”) terminated without cause the employment of Tom Dryer, the Company’s Vice President and Controller and former Interim Chief Financial Officer, effective September 13, 2023. In connection with Mr. Dryer’s termination, with respect to the grant of 13,643 service-based restricted stock units made to Mr. Dryer in September 2022 for his service as Interim Chief Financial Officer, the Compensation Committee of the Board of Directors approved the removal of the continued service requirement for this grant subject to Mr. Dryer’s execution and effectiveness of a release of claims in favor of the Company.
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.
|Dated: September 15, 2023||By:|
|Title:||Executive Vice President, Chief Financial Officer|