Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced, Mary Beth Blake, Brand President-Jos. A. Bank resigned
from Tailored Brands, Inc. (the "Company"). On December 27, 2019, the Company
and Ms. Blake finalized a Separation Agreement pursuant to which Ms. Blake's
employment with the Company ended on December 31, 2019 ("Termination Date"). Per
the terms of the Separation Agreement, Ms. Blake will receive (i) $600,000 to be
paid through the first anniversary of the Termination Date in substantially
equal installments, (ii) a lump sum payment of $42,000 representing the bonus
earned by Ms. Blake under the Company's annual incentive plan for fiscal 2019,
to be paid no later than April 15, 2020, (iii) a lump sum payment of $40,000
payable within 15 days of her Termination Date in consideration for certain
equity awards that would have vested in April 2020, (iv) a lump sum payment of
$12,000 for health insurance premiums, and (v) up to $10,000 in reimbursements
for outplacement services. Pursuant to the Separation Agreement, Ms. Blake
provides a full release of all claims related to her employment with and/or
separation from the Company and agrees not to work for certain named competitors
of the Company or solicit employees from the Company for a period of twelve
months following her Termination Date.
The foregoing summary description of the Separation Agreement does not purport
to be complete and is subject to, and qualified in its entirety by, the full
text of the Separation Agreement, a copy of which is filed as Exhibit 10.1
hereto and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is included in this Form 8-K.
10.1 Separation Agreement by and between Tailored Shared Services, LLC and
Mary Beth Blake.
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded in the Inline XBRL document).© Edgar Online, source Glimpses
TAILORED BRANDS, INC. 
