GUESS?, INC. (NYSE:GES) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2018, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Guess?., Inc. (the “Company”) approved an increase in the annual rate of base salary for Sandeep Reddy, the Company’s Chief Financial Officer, from $525,000 to $650,000 effective with the Company’s fiscal year 2019. The Compensation Committee also set Mr. Reddy’s threshold, target and maximum annual incentive bonus opportunity levels at 45%, 90%, and 180%, respectively (each expressed as a percentage of Mr. Reddy’s base salary for the fiscal year), effective with the Company’s 2019 fiscal year.
About GUESS?, INC. (NYSE:GES)
Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world. Its product lines include a range of clothing, including jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear and intimate apparel. Its apparel is marketed under various trademarks, including GUESS, GUESS?, GUESS U.S.A. and GUESS Jeans. It also grants licenses to manufacture and distribute a range of products.
