false 0001834585 0001834585 2023-09-12 2023-09-12

 

 

UNITED STATES

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

Date of Report (Date of earliest event reported): September 12, 2023

 

 

JOANN Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40204   46-1095540

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

5555 Darrow Road

Hudson, Ohio 44236

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (330) 656-2600

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol

  

Name of each exchange

on which registered

Common stock, par value $0.01 per share   JOAN   The Nasdaq Global Market

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 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.

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 hereunto duly authorized.

 

    JOANN INC.
Dated: September 15, 2023     By:  

/s/ Scott Sekella

    Name:   Scott Sekella
    Title:   Executive Vice President, Chief Financial Officer
v3.23.2
Document and Entity Information
Sep. 12, 2023
Cover [Abstract]  
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Entity Central Index Key 0001834585
Document Type 8-K
Document Period End Date Sep. 12, 2023
Entity Registrant Name JOANN Inc.
Entity Incorporation State Country Code DE
Entity File Number 001-40204
Entity Tax Identification Number 46-1095540
Entity Address, Address Line One 5555 Darrow Road
Entity Address, City or Town Hudson
Entity Address, State or Province OH
Entity Address, Postal Zip Code 44236
City Area Code (330)
Local Phone Number 656-2600
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common stock, par value $0.01 per share
Trading Symbol JOAN
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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