Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 23, 2020, the board of directors of Barnes & Noble Education, Inc.
(the "Company") and Michael P. Huseby, the Company's chief executive officer,
agreed to amend Mr. Huseby's employment agreement to (i) extend the term of the
agreement to September 19, 2022; (ii) reduce Mr. Huseby's annual target bonus
from 150% to 125% of his base salary; and (iii) use Mr. Huseby's annual target
bonus (rather than average annual bonuses for prior years) where applicable for
purposes of calculating severance amounts, which treatment is consistent with
the employment agreements with the Company's other executive officers.
The foregoing description of the amendment is subject to and qualified in its
entirety by reference to the full text of the amendment, a copy of which is
included with this filing as Exhibit 10.1.
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