Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective as of the close of business on August 30, 2021, Cindy Davis ceased to
serve as Chief Brand Officer of Bed Bath & Beyond Inc. (the "Company") and
President of Decorist. In connection with her separation from the Company, Ms.
Davis will be eligible for separation payments and benefits provided upon a
termination of employment without "cause" pursuant to her employment agreement
and outstanding time- and performance-based restricted stock unit award
agreements. Following her separation, Ms. Davis will continue to be subject to
certain restrictive covenants, including non-competition and non-solicitation
covenants. Effective August 31, 2021, Rafeh Masood, the Company's current Chief
Digital Officer, will also serve as the Company's interim Chief Brand Officer.
A copy of the Company's press release announcing Ms. Davis' departure described
above is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. Description
Press Release issued by Bed Bath & Beyond Inc. on August 30,
99.1 2021.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
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