SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 14, 2022, Bright Horizons Family Solutions Inc. (the “Company”) announced that Maribeth Bearfield, Chief Human Resources Officer, will be stepping down to pursue other opportunities effective March 31, 2022. In connection with the announcement, the Company also entered into a Consulting Agreement (the “Consulting Agreement”) with Ms. Bearfield effective March 31, 2022 to assist in a seamless transition. Pursuant to the Consulting Agreement, Ms. Bearfield will provide consulting and advisory services for a period of one (1) year for a consulting fee of $120,000. The Consulting Agreement includes certain customary provisions, including confidentiality and non-disparagement provisions and non-solicitation and non-compete covenants for the term of the Consulting Agreement and for an additional year following the end of the term.
The foregoing summary of the Consulting Agreement is qualified in its entirety by reference to the Consulting Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for its fiscal quarter ending March 31, 2022.
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 thereunto duly authorized.
|BRIGHT HORIZONS FAMILY SOLUTIONS INC.|
|Chief Financial Officer|