Citi Trends,Inc. (NASDAQ:CTRN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Citi Trends,Inc. (NASDAQ:CTRN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

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On March20, 2018, the Board of Directors of Citi Trends,Inc. (the “Company”) adopted an amendment to the Company’s Second Amended and Restated Bylaws (the “Amendment”), which took effect upon adoption by the Company’s Board of Directors. The Amendment provides that the exclusive forum for all internal corporate claims will be the Court of Chancery of the State of Delaware, or, in the event that the Court of Chancery does not have jurisdiction, the U.S. District Court for the District of Delaware shall be the sole and exclusive forum for such internal claims.

Although stockholder approval is not required to adopt the Amendment, the Board of Directors has determined to seek a non-binding, advisory stockholder vote to ratify the Amendment at the 2018 annual meeting of stockholders of the Company (the “Annual Meeting”). The vote is advisory, and will not be binding upon the Company or the Board of Directors, but the Board of Directors currently intends to repeal the Amendment if stockholder ratification is not obtained at the Annual Meeting.

The foregoing summary is subject to, and qualified in its entirety to the Amendment, attached hereto as Exhibit3.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits


Citi Trends Inc Exhibit
EX-3.1 2 a18-8798_1ex3d1.htm EX-3.1 Exhibit 3.1   Amendment to the Second Amended and Restated Bylaws of Citi Trends,…
To view the full exhibit click here

About Citi Trends,Inc. (NASDAQ:CTRN)

Citi Trends, Inc. is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home. Within apparel, the Company offers fashion sportswear for men, women and children, including offerings for newborns, infants, toddlers, boys and girls. Accessories include handbags, jewelry, footwear, belts, intimate apparel, scrubs and sleepwear. The Company’s home merchandise includes decorative home product, functional home product, beauty, books, toys and electronic accessories. The Company sources its merchandise from approximately 1,700 vendors, consisting of domestic manufacturers and importers.

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