8-K
Dollar General Corp (DG)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 2025
| DOLLAR GENERAL CORPORATION | ||
|---|---|---|
| (Exact name of registrant as specified in its charter) | ||
| Tennessee | 001-11421 | 61-0502302 |
| --- | --- | --- |
| (State or other jurisdiction<br><br>of incorporation) | (Commission File Number) | (I.R.S. Employer<br><br>Identification No.) |
| 100 MISSION RIDGE<br><br> <br>GOODLETTSVILLE, TN | 37072 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (615) 855-4000
| (Former name or former address, if changed since last report) |
|---|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on <br><br>which registered |
|---|---|---|
| Common Stock, par value $0.875 per share | DG | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OFCERTAIN OFFICERS. |
|---|
On November 12, 2025, the Board of Directors (the “Board”) of Dollar General Corporation (the “Company”) appointed Emily C. Taylor as Chief Operating Officer of the Company, effective November 16, 2025 (the “Effective Date”).
Ms. Taylor, age 49, has served as the Company’s Executive Vice President and Chief Merchandising Officer since September 2020 and will relinquish such role on the Effective Date. She joined Dollar General in 1998 and held roles of increasing responsibility in investor relations, financial planning and analysis, merchandise planning, pricing and merchandising operations prior to her promotion to Vice President, Pricing & Merchandise Data Optimization, in March 2011. She then served as Vice President, Merchandising Operations (March 2012 to April 2014), was subsequently promoted to Senior Vice President, General Merchandise Manager (April 2014 to September 2019), and served as Senior Vice President, Channel Innovation (September 2019 to September 2020).
In connection with her promotion, the Compensation and Human Capital Management (“CHCM”) Committee of the Board approved: (1) an annual base salary increase from $850,000 to $950,000, effective as of the Effective Date; and (2) an increase in Ms. Taylor’s targeted annual cash incentive under the Company’s Teamshare incentive plan from 75% to 100% of her base salary, prorated for fiscal year 2025 from the Effective Date, subject to performance criteria and other terms established by the CHCM Committee for the Company’s Teamshare incentive plan. Subject to the terms and provisions, including accelerated vesting terms, as may be approved by the CHCM Committee at the time of grant, Ms. Taylor also will receive an equity award with an estimated aggregate value of approximately $209,000 consisting of restricted stock units (“RSUs”) vesting ratably over three years. The RSUs will be granted under the Dollar General Corporation 2021 Stock Incentive Plan.
The Company and Ms. Taylor entered into an amendment to Ms. Taylor’s employment agreement, effective November 16, 2025 (the “Amendment to Employment Agreement”), to reflect her title change and the increase in her annual base salary. The foregoing description of the Amendment to Employment Agreement is a summary only, does not purport to be complete, and is qualified in its entirety by reference to the text of such document, which is attached hereto as Exhibit 10.1 and incorporated by reference herein. Except as described herein, all other terms of Ms. Taylor’s existing employment agreement with the Company and other compensatory arrangements, as described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2024, and in the Company’s definitive proxy statement for its 2025 annual meeting of shareholders filed with the SEC on April 8, 2025, remain in full force and effect.
There are no arrangements or understandings between Ms. Taylor and any other person pursuant to which she was selected to become Chief Operating Officer, nor are there any family relationships between Ms. Taylor and any of the Company’s directors or other executive officers. None of Ms. Taylor or any of her related persons has a direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
In addition, on November 12, 2025, the Company eliminated the position of Executive Vice President, Strategy and Development, held by Steven R. Deckard. Mr. Deckard’s last day of employment with the Company was November 12, 2025.
| ITEM 7.01 | REGULATION FD DISCLOSURE. |
|---|
On November 13, 2025, the Company issued a press release regarding certain of the matters discussed in Item 5.02. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference into this Item 7.01.
The information contained within this Item 7.01, including the information in Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
|---|---|
| (a) | Financial statements of businesses acquired. N/A |
| --- | --- |
| (b) | Pro forma financial information. N/A |
| (c) | Shell company transactions. N/A |
| (d) | Exhibits. See Exhibit Index to this report. |
EXHIBIT INDEX
| Exhibit No. | Description |
|---|---|
| 10.1 | Amendment to Employment Agreement, by and between Dollar General Corporation and Emily C. Taylor, effective November 16, 2025 |
| 99.1 | News release issued November 13, 2025 |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
2
SIGNATURE
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.
| Date: November 13, 2025 | DOLLAR GENERAL CORPORATION | |
|---|---|---|
| By: | /s/ Rhonda M. Taylor | |
| Rhonda M. Taylor | ||
| Executive Vice President and General Counsel |
3
Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENTAGREEMENT (this “Amendment”), effective November 16, 2025 (the “Amendment Effective Date”), is made and entered into by and between DOLLAR GENERAL CORPORATION (the “Company”) and Emily C. Taylor (the “Employee”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings assigned to them in the Employment Agreement by and between the Company and the Employee effective April 1, 2024 (the “Agreement”).
W I T N E S S E T H:
WHEREAS, the Company and the Employee previously entered into the Agreement; and
WHEREAS, the Employee has been elected to serve as Chief Operating Officer, beginning on the Amendment Effective Date; and
WHEREAS, in connection with the foregoing, the Company and the Employee desire to amend the Agreement.
NOW, THEREFORE, for and in consideration of the premises, the mutual promises, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree to amend the Agreement as of the Amendment Effective Date as follows:
1. Section 1 of the Agreement is hereby amended and restated in its entirely to read as follows:
“1. Employment. Subject to the terms and conditions of this Agreement, the Company agrees to employ or to cause any wholly-owned subsidiary of the Company to employ (any such wholly-owned subsidiary caused by the Company to employ Employee being hereinafter referred to as the “Subsidiary”) Employee as Chief Operating Officer of the Company or the Subsidiary, as the case may be.”
2. Section 5.a. of the Agreement is hereby amended and restated in its entirety to read as follows:
“a. Base Salary. Subject to the terms and conditions set forth in this Agreement, for the Term of this Agreement the Company shall pay or shall cause the Subsidiary to pay to Employee, and Employee shall accept, an annual base salary (“Base Salary”) of no less than Nine Hundred Fifty Thousand Dollars ($950,000). The Base Salary shall be paid in accordance with the Company’s or the Subsidiary’s, as applicable, normal payroll practices (but no less frequently than monthly) and may be increased from time to time at the sole discretion of the Company.”
3. Except as specifically provided by this Amendment, the Agreement shall remain in full force and effect in all other respects, subject to any other amendments that may be adopted from time to time.
4. The Company and the Employee represent and agree that each has reviewed all aspects of this Amendment, has carefully read and fully understands all provisions of this Amendment, and is voluntarily entering into this Amendment. Each party represents and agrees that such party has had the opportunity to review any and all aspects of this Amendment with legal, tax or other adviser(s) of such party’s choice before executing the Amendment.
5. This Amendment may be executed by either of the parties hereto in counterparts, each of which shall be deemed to be an original Amendment, but all such counterparts shall together constitute one and the same instrument. Signatures to this Amendment transmitted by facsimile transmission, by electronic mail in “portable document format” (“.pdf”) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing the original signature.
IN WITNESS WHEREOF, the parties hereto have executed, or caused their duly authorized representative to execute, this Amendment on the dates indicated below.
| DOLLAR GENERAL CORPORATION | |
|---|---|
| By: | /s/ Kathleen Reardon |
| Name: | Kathy Reardon |
| Title: | EVP, Chief People<br> Officer |
| Date: | 11-12-25 |
| “EMPLOYEE” | |
| /s/ Emily C. Taylor | |
| Emily C. Taylor | |
| Date: | 11-12-2025 |
Exhibit 99.1
Dollar General Corporation Names Emily Taylor as Chief OperatingOfficer
Retailer Announces Additional Officer Changes Including Bryan Wheeler elevated to EVP, Chief Merchandising Officer; Pooh Vichidvongsa named SVP, General Merchandise Manager; and Shareeka Meadows promoted to SVP, pOpshelf®
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that Emily Taylor has been appointed the Company’s chief operating officer (COO) effective November 16, 2025.
Taylor, most recently the Company’s executive vice president and chief merchandising officer, brings more than 25 years of Dollar General experience to the COO role, having joined the Company in 1998. As COO, she will have responsibility for the Company’s store operations, global supply chain, merchandising, marketing and digital, real estate and store development, decision science, and process improvement organizations.
“Emily’s strategic vision and tenured understanding of the vital role DG plays in our customers’ lives will be invaluable as she expands her responsibilities as COO,” said Todd Vasos, Dollar General’s chief executive officer. “During her tenure, Emily and her team have consistently enhanced the shopping experience both in-store and through various digital and delivery initiatives, elevated the Dollar General and pOpshelf® brands, and improved operational efficiency, benefiting customers across the more than 20,000 communities we serve.”
Taylor has held roles of increasing responsibility in numerous areas across Dollar General, including merchandising, pricing, merchandise planning, financial planning and analysis, and investor relations. In 2014, she was named senior vice president, general merchandise manager, with responsibility for non-consumable merchandising, and where she helped to create and launch the Company’s Non-Consumable Initiative (NCI). In 2019, Taylor was named senior vice president of channel innovation and led the development and launch of the Company’s pOpshelf® stores. Since being named evp, chief merchandising officer in September 2020, Taylor has overseen DG’s merchandising, marketing and digital, global sourcing, merchandise operations, inventory management, in-store experience efforts, delivery initiatives and pOpshelf®.
Taylor has been recognized for her achievements as a trailblazer in the retail space and in 2025 was honored as Merchant of the Year by Mass Market Retailers (MMR) and named to the Chain Store Age Retail’s Top Women 2025 list. Other accolades include the 2024 ProgressiveGrocer Top Women in Grocery list, 2021 Store Brands’ Top Women Impacting Storebrand Excellence list, 2018 MMRPeople Who Make a Difference list and MMR Most Influential Women in Retail list from 2016-2020. Taylor earned a Bachelor of Arts degree from the University of North Carolina at Asheville and her MBA from Owen Graduate School of Management at Vanderbilt University.
In conjunction with Taylor’s appointment, Dollar General is pleased to announce additional organizational changes including the promotion of Bryan Wheeler to executive vice president and chief merchandising officer; the transition of Pooh Vichidvongsa to senior vice president, general merchandise manager; and the elevation of Shareeka Meadows to senior vice president, pOpshelf®.
“Elevating and expanding the roles of Bryan (Wheeler), Pooh (Vichidvongsa) and Shareeka (Meadows) recognizes the ongoing contributions of these three leaders, aligns with our strategic growth across merchandising, and supports an operating priority to invest in the growth and development of our teams,” continued Vasos. “With a strong, experienced leadership team in place across store operations, supply chain, and merchandising, the Company is well-positioned to advance under Emily’s leadership as COO.”
As executive vice president and chief merchandising officer, Wheeler will lead all consumable and non-consumable merchandising initiatives, global sourcing, merchandise operations, global inventory management and in-store experience efforts for Dollar General and pOpshelf®. Wheeler’s career spans more than four decades in merchandising, operations and planning. He joined DG in 2006 as vice president, division merchandise manager and has served as senior vice president, general merchandise manager since 2017. Prior to joining DG, Wheeler spent more than 20 years at Kmart in roles spanning merchandising, store operations and supply chain.
Vichidvongsa has served as senior vice president, pOpshelf® since 2024 leading merchandising, marketing and store operations for all stores in 21 states. She now returns to the Dollar General line of business as its senior vice president, general merchandise manager leading categories within family care, including paper, home cleaning, pet and health & beauty as well as private brand strategy. Vichidvongsa joined DG in 2008 and has held several roles including vice president and division merchandise manager for categories in home, holiday, health and beauty; and was instrumental in DG’s NCI rollout. In 2025, Vichidvongsa was named to Home Accents Today’s 20 People to Watch list and has been honored among MMR’s Most Influential Women in Retail in 2023 and INvolve’s HERoes 100 Future Leaders Role Models list in 2022.
Meadows, who joined DG in 2012, has served as vice president, division merchandise manager for pOpshelf® since 2024. In her new role as SVP, pOpshelf®, she will oversee the entire pOpshelf® line of business including merchandising, marketing and store operations. Before shifting to pOpshelf®, Meadows held various roles of increasing responsibility at DG including senior buyer, senior director, and vice president, division merchandise manager of apparel and stationery. Meadows was named to the INvolve’s HERoes 100 Future Leaders Role Models list in 2023, INvolve’s EMpower 100 Future Leaders Role Models list in 2022 and MMR’s Most Influential Women in Retail in 2022.
In addition to these organizational moves and effective November 12th, the Company has eliminated the position of executive vice president, strategy and development and has announced that Steve Deckard has left the Company.
About Dollar General Corporation
Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of August 1, 2025, the Company’s 20,746 Dollar General, DG Market, DGX and pOpshelf® stores across the United States and Mi Súper Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor from our high-quality private brands alongside many of the world’s most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestlé, Procter & Gamble and Unilever.
Contacts
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dgpr@dollargeneral.com
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