Form 10-K for the Fiscal Year Ended December 28, 2019
2020-12-15 to 2021-01-05 · 1 question
· 1 letter from the SEC, 1 from the company
Executive pay
Item 11. Executive Compensation, page 73
SEC asked
We note that earnings per diluted share is one of the metrics used in your compensation plan and that you made nearly $5.4 million in common stock repurchases in 2019. In future filings, please discuss if and how the share repurchases affected the manner in which the Compensation Committee set the relevant targets used in your compensation plan and determined whether such targets were met.
TSCO answered
The Compensation Committee does consider annual share repurchases when setting relevant targets used in its compensation plans. In response to the Staff's comment, in future filings, we will discuss how share repurchases affected the manner in which the Compensation Committee set the relevant targets and, when the performance period ends, we will disclose how the share repurchases affected the determination of whether such targets were met.
The Registrant acknowledges that it is responsible for the accuracy and adequacy of the disclosure in the reports and other filings it makes with theRead in the reply ↗Rest of the answer
Commission.
In its next report
First report after the company's reply of 2020-12-23: 10-K filed 2021-02-18 ↗, against the 10-K filed 2020-02-20 ↗.
Tickdelta does not hold the text of both reports, so they are not compared here.
Also in this review: closing letter, 2021-01-05