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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.
On June 10, 2021, the Board of Directors of Hanesbrands Inc. (the “Company”) increased the number of members of the Board of Directors from nine to ten and elected William S. Simon to serve as a director of the Company, each effective as of June 14, 2021. Mr. Simon will serve until the Company’s next annual meeting of stockholders and until his successor is elected and qualified, or until his resignation or removal. He will serve as a member of the Audit Committee.
Mr. Simon’s compensation will be consistent with the Company’s previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on March 15, 2021, under the heading “Director Compensation.” Mr. Simon’s compensation for 2021 will be prorated to reflect the commencement date of his Board service.
Other than the standard compensation arrangements described above, there are no arrangements or understandings between Mr. Simon and any other person pursuant to which he was elected as a director. The Company is not aware of any transaction with Mr. Simon that would require disclosure under Item 404(a) of Regulation S-K.
The press release issued by the Company announcing Mr. Simon’s election is furnished as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 | Press Release dated June 14, 2021 | |
Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
June 14, 2021 | HANESBRANDS INC. | |||||
By: | /s/ Tracy M. Preston | |||||
Tracy M. Preston | ||||||
General Counsel, Corporate Secretary and Chief Compliance Officer |
Exhibit 99.1
news release | ||
News Media Contact: | Kirk Saville (336) 519-6192 | |
Analysts and Investors Contact: | T.C. Robillard (336) 519-2115 |
HanesBrands Appoints William S. Simon to Board of Directors
WINSTON-SALEM, N.C. (June 14, 2021) HanesBrands (NYSE: HBI), a global leader in iconic apparel brands, today announced that William S. Simon has been appointed to the companys Board of Directors.
With the appointment of Simon, whose term runs until the 2022 annual meeting of stockholders, the companys Board has 10 members. Simon will serve on the Boards Audit Committee.
Bill brings extensive experience leading complex organizations and building global brands, said Steve Bratspies, chief executive officer, HanesBrands. His knowledge of retail and consumer goods will be extremely valuable as we unlock growth by delivering innovative products and creating a seamless consumer experience.
Simon is a Senior Advisor to the investment firm KKR & Co. and president of WSS Venture Holdings LLC, a consulting and investment company. From 2010 to 2014, Simon served as president and CEO of Walmart U.S. Before that, he was chief operating officer of Walmart U.S. He joined the company in 2006 as Executive Vice President of Professional Services and New Business Development.
Simon has also held senior executive positions at Brinker International, Inc., Diageo North America, Inc., and Cadbury Schweppes plc. Additionally, Simon was Secretary of the Florida Department of Management Services and served 25 years in the U.S. Navy and Naval Reserves. He currently serves on the board of Darden Restaurants, Inc.
Simon holds a bachelors degree in economics and a masters degree in business administration from the University of Connecticut.
Were thrilled to have a leader with Bills outstanding experience join our board, said HanesBrands Board Chairman Ronald L. Nelson. We welcome Bill and look forward to working with him as we execute our Full Potential plan.
HanesBrands
HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the companys iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. HBI employs 61,000 associates in 47 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, has set aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its #FullPotential and deliver long-term growth that benefits all of its stakeholders.
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