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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 8, 2020, the Board of Directors of Hanesbrands Inc. (the “Company”) increased the number of members of the Board of Directors from eight to nine and elected Cheryl K. Beebe to serve as a director of the Company. The election of Ms. Beebe is effective immediately, and she will serve until the Company’s next annual meeting of stockholders and until her successor is elected and qualified, or until her resignation or removal. Ms. Beebe will serve as a member of the Audit Committee.
Ms. Beebe’s compensation will be consistent with the Company’s previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on March 16, 2020, under the heading “Director Compensation.” With respect to her compensation for services on the Board of Directors during 2020, Ms. Beebe will not receive a grant of restricted stock units and her cash compensation for 2020 will be prorated to reflect the commencement date of her Board service.
Other than the standard compensation arrangements described above, there are no arrangements or understandings between Ms. Beebe and any other person pursuant to which she was elected as a director. The Company is not aware of any transaction with Ms. Beebe that would require disclosure under Item 404(a) of Regulation S-K.
The press release issued by the Company announcing Ms. Beebe’s election is furnished as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit 99.1 | Press Release dated December 9, 2020 | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| December 9, 2020 | HANESBRANDS INC. | |||||
| By: | /s/ Joia M. Johnson | |||||
| Joia M. Johnson | ||||||
| Chief Administrative Officer, General Counsel and Corporate Secretary | ||||||
