On March 16, 2022, Dollar Tree, Inc. announced that as previously disclosed, on March 8, 2022, the Company entered into a Stewardship Framework Agreement with affiliates of Mantle Ridge LP. Pursuant to the agreement, and as previously announced, effective as of March 16, 2022, each of Richard W. Dreiling, Paul C. Hilal, Edward J. Kelly, III, Cheryl W. Grisé, Daniel J. Heinrich, Mary A. Laschinger and Bertram L. Scott joined the Board, with Dreiling, Hilal, and Kelly serving as Executive Chairman, Vice Chairman, and Lead Independent Director of the Board, respectively. In connection with the Agreement, and as previously announced, on March 8, 2022, the Board approved amendments to its Bylaws, to, among other things, (i) set forth updated roles and responsibilities for the positions of Executive Chairman, Vice Chairman and Lead Independent Director, and (ii) increase the size of the Board to 12 members.