The latest update is out from JOANN (JOAN).
JOANN, Inc. has expanded its board of directors from six to seven members and appointed Pamela Corrie as a Class I director with her term ending at the 2025 annual stockholders’ meeting. Corrie will receive a fixed monthly fee as part of her Independent Director Agreement and is fully indemnified by the company. Additionally, Scott Sekella, the Executive Vice President and CFO, has been awarded a $400,000 retention bonus, which is subject to repayment conditions if his employment ends within six months of receiving the bonus.
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