Try our mobile app

Published: 2023-05-10 16:30:28 ET
<<<  go to PLCE company page
0001041859 false 0001041859 2023-05-10 2023-05-10 iso4217:USD 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): May 10, 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 5.07Submission of Matters to a Vote of Security Holders.

 

At the 2023 Annual Meeting of Stockholders, the Company’s stockholders voted on: (i) the election of each of the Company’s eleven nominees for Director for a one-year term expiring in 2024; (ii) the ratification of the appointment of Ernst & Young LLP, as the Company’s independent registered public accounting firm for the Company’s fiscal year ending February 3, 2024; (iii) the approval, on an advisory, non-binding basis, of the compensation of the Company’s named executive officers as described in the Company’s proxy statement for the 2023 Annual Meeting of Stockholders; and (iv) the approval, on an advisory, non-binding basis, of the frequency of the Company’s advisory, non-binding vote on compensation of the Company’s named executive officers described in the Company’s proxy statement for the 2023 Annual Meeting of Stockholders.

 

The results of the voting were as follows:

 

   For   Against   Abstentions   Broker
Non-Votes		 
Election of Directors                
John E. Bachman   9,443,498    119,295    53,609    918,404 
Marla Beck   9,445,534    116,253    54,615    918,404 
Elizabeth J. Boland   9,451,261    110,521    54,620    918,404 
Jane Elfers   9,451,458    108,729    56,215    918,404 
John A. Frascotti   9,148,084    413,678    54,640    918,404 
Tracey R. Griffin   9,436,846    124,941    54,615    918,404 
Katherine Kountze   9,455,816    106,211    54,375    918,404 
Norman Matthews   9,324,890    237,897    53,615    918,404 
Wesley S. McDonald   9,490,468    50,764    75,170    918,404 
Debby Reiner   9,436,280    125,004    55,118    918,404 
Michael Shaffer   9,490,657    60,674    65,071    918,404 
                     
Ratification of the Appointment Of Independent Registered Public Accounting Firm   10,476,253    3,317    55,236    0 
                     
Compensation Paid to Named Executive Officers (“Say-on-Pay”)   8,720,196    588,050    308,156    918,404 

 

   Every Year   Every
2 Years		   Every
3 Years		   Abstentions 
Frequency of Say on Pay Vote   9,372,927    2,973    212,480    28,022 

 

Item 8.01Other Events.

 

Following their election to the Board of Directors (the “Board”) of the Company at the 2023 Annual Meeting of Stockholders, the Company appointed the membership and leadership of each of the Company’s Board committees as follows:

 

 Audit Committee    Human Capital & Compensation Committee   Corporate Responsibility, Sustainability &
Governance Committee
John E. Bachman (Chair)   Debby Reiner (Chair)   John A. Frascotti (Chair)
Katherine Kountze   Elizabeth J. Boland   Marla Beck
Wesley S. McDonald   Tracey R. Griffin   Norman Matthews
Michael Shaffer   Norman Matthews    

 

2

 

 

Item 9.01Financial Statement and Exhibits.

 

(d) Exhibits    
       
  Exhibit 99.1   Press Release, dated May 10, 2023, issued by the Company (Exhibit 99.1 is furnished as part of this Current Report on Form 8-K).
       
  Exhibit 104   Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

 

*                     *                     *

 

3

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 10, 2023

  
  THE CHILDREN’S PLACE, INC.

 

  By: /s/ Jane Elfers
  Name: Jane Elfers
  Title: President and Chief Executive Officer

 

4