TJX shareholders elect Dawn Lepore to board

TJX shareholders elect former drugstore.com CEO Dawn Lepore to board

Associated Press

FRAMINGHAM, Mass. (AP) -- The TJX Cos., parent company of TJ Maxx and Marshalls clothing stores, said Tuesday that its shareholders elected Dawn Lepore to the company's board at its annual meeting.

Lepore, 59, joins a slate of 10 ongoing directors who were reelected at the meeting.

Lepore most recently served as interim CEO at Prosper Marketplace Inc. from March 2012 until January 2013. She previously was chairman and CEO of drugstore.com Inc. from 2004 until its sale to Walgreen Co. in 2011.

For the fiscal year ended in February, non-employee directors of TJX received annual retainers of $50,000, according to a regulatory filing, plus a $1,500 fee for each board meeting attended and a $2,000 fee for each committee meeting attended. Directors also receive two annual stock awards, which for the current fiscal year will represent shares of common stock valued at $70,000 each, the filing with the Securities and Exchange Commission said.

TJX shares fell 12 cents to $50.18 in midday trading.

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