Dollar General Corporation
Dollar General Expands Board with Appointment of New Director
Summary
On August 12, 2024, Dollar General Corporation increased its Board of Directors from nine to ten members with the appointment of Ms. Kathleen M. Scarlett. Ms. Scarlett will serve as a director until the 2025 annual meeting of shareholders and will also join the Compensation and Human Capital Management Committee and the Nominating, Governance and Corporate Responsibility Committee. Her compensation includes an annual cash retainer of $95,000, an annual equity award of restricted stock units valued at $190,000, and additional retainers for committee chairperson roles.
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About Dollar General Corporation
Dollar General Corporation is a prominent American chain of variety stores known for offering a wide assortment of everyday necessities at economical prices. The corporation's primary function is to provide low-cost, convenient shopping options, primarily serving communities in rural and suburban areas. Dollar General's range of products includes consumables, home products, apparel, and seasonal items, effectively targeting cost-conscious consumers seeking value for money. This corporation plays a significant role in the retail sector, meeting the demand for affordable goods across the United States. It strategically positions its stores to maximize accessibility and caters to a broad demographic by offering popular brands alongside private labels. Dollar General's operating model emphasizes efficiency and cost control, enabling competitive pricing while maintaining quality. The company's impact is especially notable in areas underserved by larger retail chains, thus filling a critical niche in the market. Founded in 1939 and headquartered in Goodlettsville, Tennessee, Dollar General contributes extensively to the retail landscape by continuously expanding its store count and product offerings, reinforcing its position as a key player in discount retailing, and supporting local economies through job creation and accessible shopping options.
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