Maureen B. Short, the former Chief Financial Officer of Upbound Group, Inc., was named as a director by the Big Lots, Inc. Board of Directors on March 1, 2024, to cover the gap left by the Board’s decision to increase its membership to eleven members. Ms. Short’s term will run until the Company’s 2024 Annual Meeting of Shareholders, or until her early death, resignation, or removal, or until her replacement is duly elected and qualified. The Board also designated Ms. Short to be a member of the Capital Allocation Planning Committee and the Audit Committee in conjunction with her appointment.
Ms. Short was not chosen as a director because of any agreements or understandings that she had with other individuals. Regulation S-K, Item 404(a), requires no information to be given. Ms. Short’s compensation will be in line with that of the other non-employee directors of the company, as stated in the proxy statement for the company’s 2023 Annual Meeting of Shareholders.
