Form 4: Nordstrom CFO Cathy Smith Steps Down, Ceases Section 16 Reporting
SEC Form 4 Filing
Cathy Smith, Chief Financial Officer of Nordstrom, Inc., voluntarily separated from her position effective March 21, 2025, and will no longer be subject to Section 16 reporting requirements.
Summary
- Cathy Smith, the Chief Financial Officer of Nordstrom, Inc., voluntarily separated from her position on March 21, 2025.
- As a result of her departure, she is no longer subject to Section 16 of the Securities Exchange Act.
- Consequently, she will no longer be required to report transactions in Nordstrom's equity securities on Form 4 or Form 5.
Sentiment
Score: 5
Explanation: The document is a neutral announcement of an executive departure, with no inherent positive or negative sentiment.
Industry Context
Executive departures are common in the retail industry, often signaling strategic shifts or responses to performance pressures. The market will likely watch for the appointment of a new CFO and any accompanying strategic announcements.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Cathy R Smith | 03/21/2025 | Voluntary separation |
Stakeholder Impact
- Shareholders may react to the news of the CFO's departure, depending on their perception of her contributions and the company's succession plan.
- Employees may experience uncertainty during the transition period.
- Creditors may reassess their risk exposure based on the financial leadership change.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Effective date of Cathy Smith's separation as Chief Financial Officer of Nordstrom, Inc. |
| 03/24/2025 | Date of signature by Brian B. DeFoe, Attorney-In-Fact for Catherine Smith. |
Keywords
CFO, Nordstrom, Form 4, Section 16, Resignation, Departure, Officer, JWN
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