Current Report Filing (8-k)
08 June 2023 - 6:02AM
Edgar (US Regulatory)
0001041859
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0001041859
2023-06-06
2023-06-06
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xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
June 6, 2023
THE CHILDREN’S PLACE, INC. |
(Exact Name of Registrant as Specified in Charter) |
|
Delaware |
(State or Other Jurisdiction of Incorporation) |
0-23071 |
31-1241495 |
(Commission File Number) |
(IRS Employer Identification No.) |
|
|
500 Plaza Drive, Secaucus, New Jersey |
07094 |
(Address of Principal Executive Offices) |
(Zip Code) |
(201) 558-2400 |
(Registrant’s Telephone Number, Including Area Code) |
|
Not Applicable |
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12-b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
Trading
Symbol(s) |
Name of each exchange on
which registered |
Common Stock, $0.10 par value |
PLCE |
NASDAQ Global Select Market |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 7, 2023, the Company
announced that Claudia Lima-Guinehut, Senior Vice President, Global Merchandising and Strategic Partnerships, left the Company effective
June 6, 2023. Maegan Markee, Senior Vice President, Marketing and Inventory Management has assumed the additional responsibility for Global
Merchandising and Strategic Partnerships, effective immediately.
Forward-Looking Statements
This Current Report on
Form 8-K, including Exhibit 99.1, contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives
and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements typically are identified
by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,”
“anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently.
These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks
and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described
in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its
annual report on Form 10-K for the fiscal year ended January 28, 2023. Included among the risks and uncertainties that could cause actual
results and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing
consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer
spending patterns, which may be affected by changes in economic conditions (including inflation), the risks related to the COVID-19 pandemic,
including the impact of the COVID-19 pandemic on our business or the economy in general, the risk that the Company’s strategic initiatives
to increase sales and margin are delayed or do not result in anticipated improvements, the risk of delays, interruptions, disruptions
and higher costs in the Company’s global supply chain, including resulting from COVID-19 or other disease outbreaks, foreign sources
of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards
or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy
prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price
increases, various types of litigation, including class action litigations brought under consumer protection, employment, and privacy
and information security laws and regulations, the imposition of regulations affecting the importation of foreign-produced merchandise,
including duties and tariffs, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to
these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
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 hereunto duly authorized.
Date: June 7, 2023 |
|
|
THE CHILDREN’S PLACE, INC. |
|
By: |
/s/
Jane Elfers |
|
Name: |
Jane Elfers |
|
Title: |
President and Chief Executive
Officer |
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