CALERES, INC. (NYSE:CAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
“Company), based on a recommendation of the Governance and
Nominating Committee, elected Brenda C. Freeman and Wenda Harris
Millard to fill a vacancy on the Board of Directors that resulted
from the departure of a director in January 2017 and the vacancy
that resulted when the Bylaws were amended to change the number
of directors from ten to eleven (as described in Item 5.03 of
this Form 8-K). Their terms will expire at the Companys 2017
annual meeting of shareholders or until their successors have
been duly elected and qualified.
compensation for service as directors as is provided to other
directors of the Company, as described under Compensation of
Non-Employee Directors – Fiscal 2015 Director Compensation
contained on page 12 of the Companys Proxy Statement dated April
14, 2016 and filed with the Securities and Exchange Commission,
which description is hereby incorporated by reference herein,
subject to any change in director compensation for the remainder
of the fiscal year as might subsequently be approved by the Board
of Directors.
Change in Fiscal Year.
Section 1 of the Companys Bylaws to increase the number of
directors from ten to eleven, effective April 6, 2017. The
Bylaws, as amended and effective April 6, 2017, are included as
Exhibit 3.1 to this Current Report on Form 8-K and are
incorporated by reference herein.
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(d)
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Exhibits.
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See Exhibit Index.
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About CALERES, INC. (NYSE:CAL)
Caleres, Inc., formerly Brown Shoe Company, Inc., is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms. As of January 30, 2016, it operated 1,211 retail shoe stores in the United States, Canada and Guam. It offers brands, including Nike, Skechers, Converse, Vans, adidas, Sperry, New Balance, Asics, Bearpaw and Sof Sole. It also offers Company-owned and licensed brands, including LifeStride, Dr. Scholl’s, Allen Edmonds and Carlos by Carlos Santana. Through its Brand Portfolio segment, it also designs, sources and markets footwear to retail stores domestically and internationally. CALERES, INC. (NYSE:CAL) Recent Trading Information
CALERES, INC. (NYSE:CAL) closed its last trading session up +0.30 at 25.81 with 270,321 shares trading hands.