Michael Glazer Resignation Letter from CPI Corp. Board of Directors

Contract Categories: Human Resources › Separation Agreements
Summary

Michael Glazer has submitted his resignation from the Board of Directors and all board committees of CPI Corp., effective August 22, 2012. The resignation is addressed to James J. Abel, Interim President and CEO of CPI Corp. Glazer cites the demands of his new role as President and CEO of Stage Stores, Inc. as the reason for his departure. No additional conditions or obligations are specified in the letter.

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EX-10.1 2 glazerresignationletter.htm RESIGNATION LETTER Glazer Resignation Letter


EXHIBIT 10.1



August 22, 2012


Mr. James J. Abel
Interim President and Chief Executive Officer
CPI Corp.
1706 Washington Avenue
St. Louis, MO 63103


Dear Jim:
As you know, I assumed the position of President and Chief Executive Officer of Stage Stores, Inc., on March 28, 2012. After careful deliberation, I have concluded that the demands of my new position will not allow me to devote the time and attention required to continue service on the Board of Directors of CPI Corp. Accordingly, I hereby resign from the Board of Directors of CPI Corp. and the Board committees on which I have served.
Best regards,

/s/ Michael Glazer
Michael Glazer