DAVIDsTEA Inc. filed SEC Form 8-K: Leadership Update
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SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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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 December 8, 2022, it was determined that Martin Hillcoat will separate from employment with DAVIDsTEA Inc., a corporation incorporated under the Canada Business Corporations Act (the “Company”) as the Company’s Vice President, Supply Chain, effective December 7, 2022. In connection with his departure, Mr. Hillcoat is expected to receive the severance payments and benefits provided under his employment agreement with the Company for a termination without cause, subject to his execution of a release and discharge agreement and compliance with post-termination restrictive covenants.
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SIGNATURE
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.
DAVIDsTEA INC. |
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Date: December 21, 2022 | By: | /s/ Frank Zitella |
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Name: | Frank Zitella |
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Title: | President, Chief Financial and Operating Officer |
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