RadioShack Announces Retirement Of Thomas G. Plaskett From Board Of Directors

RadioShack Announces Retirement Of Thomas G. Plaskett From Board Of Directors

Company adjusts fiscal calendar and updates executive incentive program

PR Newswire

FORT WORTH, Texas, Nov. 18, 2013

FORT WORTH, Texas, Nov. 18, 2013 /PRNewswire/ --RadioShack Corporation (NYSE:
RSH) today announced the retirement of Thomas G. Plaskett from the Company's
Board of Directors. Mr. Plaskett had served on the RadioShack Board since
1986, and was a member of the Audit and Compliance Committee as well as the
Corporate Governance Committee. His retirement is effective immediately, and
the Company intends to begin a search for a new independent director to fill
his Board seat.


Daniel R.Feehan, Non-Executive Chairman of the RadioShack Board of Directors,
said, "I would like to wholeheartedly thank Tom for his nearly three decades
of service. He has made an enduring contribution to the legacy of this great
Company, and his thoughtful input will be missed. We now have the opportunity
to identify a new independent director with a fresh voice who will add
additional perspectives as we continue the Company's operational turnaround."

The Company also announced that at the conclusion of the current fiscal year
on December 31, it will align its fiscal year-end to a traditional 52-week
retail calendar with the fiscal year ending on the Saturday closest to January
31^st. This is the format used by the majority of retailers today. Changing
the Company's yearend will benefit the investment community as it will allow
for easier comparability between the Company and its peers. It will also allow
the management team to more efficiently track and measure the Company's
performance during the year. As a result of this change, the Company will have
a stub period between January 1, 2014 and February 1, 2014 that will be
identified as Fiscal Year 2014. Fiscal Year 2015 will run between February 2,
2014 and January 31, 2015.

The Board has approved a supplementary incentive program for the management
team including the named executive officers for the current fiscal year of
2013. This incentive program will be based upon an EBITDA goal and progress
against the Company's strategic initiatives. The target payout under this
supplementary program will be one half of the target payout of the existing
annual payout amount and may be paid out in part or in whole based on the
Company's performance against these goals.

Mr. Feehan said, "These governance, financial, and compensation changes are
evidence of our ongoing work to transform RadioShack. The change in our fiscal
calendar will make it easier for current and potential investors and analysts
to compare us to our retail peers. While we recognize that there will be a
short adjustment period as analysts update their models, we expect the
long-term benefit to investors to be meaningful. Finally, we have adjusted our
executive incentive program to appropriately align and incentivize the
management team during the Company's turnaround and ensure that we continue to
reward results-driven performance in both the short and longer-term," Mr.
Feehan concluded.


RadioShack (NYSE: RSH) is a leading national retailer of innovative mobile
technology products and services, as well as products related to personal and
home technology and power supply needs. RadioShack^® offers consumers a
targeted assortment of wireless phones and other electronic products and
services from leading national brands, exclusive private brands and major
wireless carriers, all within a comfortable and convenient shopping
environment. RadioShack employs approximately 30,000 knowledgeable and helpful
sales experts globally. RadioShack's retail network includes approximately
4,300 Company-operated stores in the United States, over 270 Company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets worldwide.
For more information on RadioShack Corporation, please visit; to purchase items online, please RadioShack^® is a registered trademark licensed by
RadioShack Corporation.

Analyst and Investor Contact: News Media Contact:
Bruce Bishop                  Media Relations
(817) 415-3400                (817) 415-3300

SOURCE RadioShack Corporation

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