Wed, Aug 14, 8:58 PM (153 days ago)
On August 12, 2024, Dollar General Corporation announced the appointment of Ms. Kathleen M. Scarlett as a new director, expanding the Board from nine to ten members. Ms. Scarlett will serve until the 2025 annual meeting and will be involved in the Compensation and Human Capital Management Committee, as well as the Nominating, Governance and Corporate Responsibility Committee. Her compensation includes a $95,000 annual cash retainer, prorated for her service, and an annual equity award valued at approximately $190,000 in restricted stock units. Additional retainers for committee chairpersons are set at $25,000 for Audit, $20,000 for Compensation, and $17,500 for Governance. There are no disclosed arrangements or relationships between Ms. Scarlett and the company that necessitate further disclosure. The news release regarding her appointment was issued on August 14, 2024. This leadership change may positively influence investor sentiment and corporate governance as Dollar General continues to enhance its board structure.