Foot Locker (FL) Announces Resignation of Chief Strategy and Corporate Development Officer

W. Scott Martin, a named executive officer, ceased to serve as Executive Vice President, Chief Strategy and Corporate Development Foot Locker (NYSE: FL), effective May 24, 2022, and will depart from the Company, effective June 23, 2022, at which time his employment agreement will terminate. Mr. Martin will remain an employee of the Company until June 23, 2022. The Human Capital and Compensation Committee of the Board of Directors of the Company determined that Mr. Martin’s departure constitutes a termination without cause under the terms of his employment agreement and the Company benefit plans, and accordingly, certain amounts will be required to be paid to Mr. Martin under his employment agreement and the Company benefit plans.

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