An announcement from Nordstrom (JWN) is now available.
Nordstrom, Inc. faced an administrative oversight when it failed to defer part of an executive’s bonus into the Deferred Compensation Plan, leading to a tax penalty and accounting fees for the executive. To rectify this error, the company’s Board approved a $150,000 payment to cover the penalty and fees. Additionally, at Nordstrom’s annual shareholder meeting, all director nominees were elected, and Deloitte & Touche LLP was ratified as the accounting firm, with shareholders also advising on executive compensation. Following these events, Nordstrom announced a quarterly dividend as per a press release on May 22, 2024.
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