JOANN Inc (JOAN) Announces Termination of Tom Dryer, VP and Controller

September 18, 2023 2:57 AM EDT

On September 12, 2023, JOANN Inc (NASDAQ: JOAN) terminated without cause the employment of Tom Dryer, the Company’s Vice President and Controller and former Interim Chief Financial Officer, effective September 13, 2023. In connection with Mr. Dryer’s termination, with respect to the grant of 13,643 service-based restricted stock units made to Mr. Dryer in September 2022 for his service as Interim Chief Financial Officer, the Compensation Committee of the Board of Directors approved the removal of the continued service requirement for this grant subject to Mr. Dryer’s execution and effectiveness of a release of claims in favor of the Company.

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