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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.
Domino’s Pizza, Inc. (the “Company”) announced on September 21, 2020 that J. Kevin Vasconi, the Company’s Executive Vice President, Chief Information Officer, will retire from the Company effective on October 2, 2020. In connection with Mr. Vasconi’s retirement, the Company and Mr. Vasconi have entered into a separation agreement and general release (the “Agreement and Release”) under which Mr. Vasconi will receive a lump sum payment equal to a pro-rated portion of the annual performance cash incentive that would have otherwise been payable to him for fiscal year 2020 under the Domino’s Pizza Senior Executive Annual Incentive Plan (the “AIP”), which will be paid in 2021 if and when such annual performance cash incentive payments are paid to the Company’s then-current participants under the AIP. The Company will also pay COBRA premiums for coverage for Mr. Vasconi for 12 months following his date of retirement if Mr. Vasconi elects COBRA continuation coverage, which payment will cease if Mr. Vasconi becomes eligible for comparable coverage with a new employer at no cost. Mr. Vasconi’s retirement is being treated as a qualified retirement for purposes of all outstanding and unvested equity awards previously issued to him by the Company pursuant to the Domino’s Pizza, Inc. 2004 Equity Incentive Plan, as amended. In connection with Mr. Vasconi’s retirement from the Company, he has provided the Company with a customary release of claims in favor of the Company and its affiliates relating to his employment and separation from the Company and has agreed to certain additional covenants, including with respect to confidentiality and non-disparagement.
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.
|DOMINO’S PIZZA, INC.|
|Date: September 21, 2020|
Kevin S. Morris
Executive Vice President, General Counsel and Corporate Secretary