Overstock.com, Inc. Announces Resignation of Angela Hsu as Chief Marketing Officer
October 06, 2023 at 04:08 pm EDT
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Overstock.com, Inc. announced that Ms. Angela Hsu resigned from her position as the Company?s Chief Marketing Officer on September 6, 2023. In connection with her resignation, Ms. Hsu executed a Severance Agreement and Release (?Release?) on October 3, 2023, as contemplated by the Company?s Key Employee Severance Plan. Pursuant to the terms of the Key Employee Severance Plan, and in consideration of her execution of the Release in a form contemplated thereby, Ms. Hsu will receive the following: (a) a lump sum payment in the amount of $224,583, less applicable payroll deductions, and (b) vesting of restricted stock units previously granted to Ms. Hsu that are scheduled to vest, according to their original vesting schedule, within the seven-months after the date of her resignation, or by April 6, 2024.
Beyond, Inc. is an e-commerce company. The Company owns Overstock, Bed Bath & Beyond, Baby & Beyond, Zulily, and other related brands and associated intellectual property. Its suite of online shopping brands feature various products. Bed Bath & Beyond is an online furniture and home furnishings retailer in the United States and Canada. Its e-commerce Website sells a range of home products, including furniture, bedding and bath, patio and outdoor, area rugs, tabletop and cookware, decor, storage and organization, small appliances, home improvement, and more. It offers additional products or services, including Business Advertising Opportunities, Marketplace Services, International Sales Support, and Supplier Oasis Integration. Its Supplier Oasis platform is a singular integration point that enables its partners to manage their products, inventory, and sales channels. It also facilitates international sales for customers outside the United States through third-party logistics providers.
BEYOND, INC. 
