Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 11, 2012, Staples, Inc. (the "Company") and Michael Miles agreed that Mr. Miles' employment as the Company's President and Chief Operating Officer will terminate, effective February 2, 2013. This event will entitle Mr. Miles to severance pay and benefits under his existing severance agreement. Beginning on February 3, 2013, Mr. Miles will be employed on a part time basis to consult on transitional matters related to the Company's international affairs and operations. In consideration of providing these services through August 3, 2013, he will be entitled to $1,000 a month. While serving in this role, he will not be eligible for any other cash or new equity incentives, and his existing equity awards will remain outstanding.

Effective February 3, 2013, Ronald Sargent, Chairman and Chief Executive Officer, will serve as president in accordance with the Company's bylaws, and assume the responsibilities of principal operating officer. Information about Mr. Sargent has been previously disclosed in the Company's Form 10-K and Proxy Statement.

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