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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
As part of its response to the coronavirus (COVID-19) pandemic, National Vision Holdings, Inc. (“National
Vision” or the “Company”) previously announced certain temporary reductions in expenses, including a reduction in the respective base salaries of executive officers (other than the Chief Executive Officer) by 30%. In connection with the re-opening to the public of its retail stores, the Company has moved towards reinstating compensation across the organization and the Board and Chief Executive Officer have determined that the respective base salaries of executive officers (other than the Chief Executive Officer) will be reinstated to their pre-COVID-19 levels effective June 7, 2020.
As previously disclosed, the Company is scheduled to present at the William Blair 40th Annual Growth Stock Conference on June
9, 2020 at 1:20 p.m. Central Time. A live audio webcast of the event along with presentation slides will be available on the “Investors” section of the Company’s website at www.nationalvision.com/investors. The webcast will be archived and available on the website shortly after the event.
The information included in this Item 7.01 shall not be deemed to be “filed” for the 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 incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.