UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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. |
Foot Locker, Inc. (the “Company”) issued a press release on November 30, 2020 announcing the planned retirement of Lauren B. Peters, Executive Vice President and Chief Financial Officer. On November 30, 2020, Ms. Peters provided notice announcing her intention to retire from the Company. Ms. Peters will continue to serve as Chief Financial Officer until her successor assumes the role, and she will remain an employee of the Company until her expected retirement in April 2021, at which time her employment agreement will terminate. A copy of the press release is furnished as Exhibit 99.1, which, in its entirety, is incorporated herein by reference.
| Item 7.01. | Regulation FD Disclosure. |
The information set forth in Item 5.02 above is hereby incorporated by reference under this Item 7.01.
The information contained in Item 7.01 of this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press Release, dated November 30, 2020, issued by Foot Locker, Inc. |
| 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.
| FOOT LOCKER, INC. | ||
| Date: November 30, 2020 | By: | /s/ Sheilagh M. Clarke |
| Name: Sheilagh M. Clarke | ||
| Title: Senior Vice President, General Counsel and Secretary | ||
Exhibit 99.1
![[LOGO]](https://cdn.kscope.io/b5375fca2c255603017f7304f80346a5-footlockerlogo.gif)
NEWS RELEASE
| Investor Contact: | Media Contact: |
| James R. Lance | Cara Tocci |
| Vice President, Corporate Finance and Investor Relations | Vice President, Corporate Communications |
| jlance@footlocker.com | cara.tocci@footlocker.com |
| (212) 720-4600 | (914) 582-0304 |
FOOT LOCKER CHIEF FINANCIAL OFFICER LAUREN B. PETERS
TO RETIRE IN APRIL 2021
Search Process Underway to Identify Successor
NEW YORK, November 30, 2020 – Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced the planned retirement of Lauren B. Peters, Foot Locker’s Executive Vice President and Chief Financial Officer, with an expected effective date in April 2021. Foot Locker has initiated a comprehensive search process with the assistance of Crist|Kolder, a leading executive search firm, to identify Ms. Peters’ successor. The Company expects to consider both internal and external candidates for the position.
Richard Johnson, Chairman and Chief Executive Officer, said, “Lauren has had a remarkable 23 years at Foot Locker, including
leading our finance organization for the last nine years as CFO. With her expertise and leadership, we have built a world-class
finance organization and successfully executed a series of strategic initiatives that position Foot Locker to continue driving
growth and value creation. Lauren has been an integral member of our management team and a tremendous partner to me. On behalf
of the entire Board of Directors and the management team, we thank Lauren for her many contributions and wish her all the best
in her well-deserved retirement. We are pleased to be able to benefit from her ongoing leadership as we conduct our CFO search
and execute a seamless transition next year.”
“I have had a fulfilling career in my more than two decades at Foot Locker, and it has been an honor to work alongside such
a talented and dedicated team,” said Peters. “I am proud of the Company’s many accomplishments during my tenure,
the tremendous progress we have made in positioning the Company at the center of youth culture, and the strong team we have built.
I look forward to focusing on my board roles and adventures with my dear husband, Richard, as we embark on our next chapter. I
am confident in Foot Locker’s ongoing success and look forward to watching the Company’s continued growth in the years
ahead.”
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot
Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep. With approximately 3,000 retail stores
in 27 countries across North America, Europe, Asia, Australia and New Zealand, as well as websites and mobile apps, the Company's
purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating
unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York.
Foot Locker, Inc. 330 West 34th Street, New York, NY 10001