DAVIDsTEA Inc. (NASDAQ:DTEA) Files An 8-K Results of Operations and Financial Condition

ME Staff 8-k

7 years ago

DAVIDsTEA Inc. (NASDAQ:DTEA) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition

On September 7, 2017, DAVIDsTEA Inc., a corporation incorporated under the Canada Business Corporations Act (the “Company”), issued a press release announcing its financial results for the second quarter ended July 29, 2017. A copy of the press release is furnished as Exhibit99.1 hereto. The Company intends to hold an investor call and webcast to discuss these results on Thursday, September 7, 2017 at 4:30 P.M.Eastern Standard Time.

The information contained herein and in the accompanying exhibit attached hereto shall not be deemed filed for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 5.02 Departure of Directors or certain officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 7, 2017, the Board of Directors (the “Board”) of DAVIDsTEA Inc. (the “Company”) appointed Lorenzo Salvaggio as a director, effective immediately, to fill the vacancy created by Sarah Segal stepping down from the Board to become Head of Product Development and Innovation. The Board also appointed Mr. Salvaggio to the Human Resources and Compensation Committee. Mr. Salvaggio was previously a member of the Board from 2014 until he stepped down in June 2017.

Mr.Salvaggio will be entitled to compensation under the Company’s non-employee director compensation policy. There are no arrangements or understandings with any person to which Mr.Salvaggio was selected as a director.

Item 7.01 Regulation FD Disclosure.

A copy of the Company's press release is furnished with this Form 8-K and attached hereto as Exhibit 99.1. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and shall not be deemed incorporated by reference into any filing under the Securities Act.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits.

ExhibitNo.	Description
99.1	Press Release, datedSeptember 7, 2017

DAVIDsTEA Inc. ExhibitEX-99.1 2 ex-99d1.htm EX-99.1 dtea_Ex99_1 Exhibit 99.1 DAVIDsTEA Inc. Announces Second Quarter Fiscal 2017 Financial Results Second quarter sales growth of 11.2% to C$45.7 million MONTREAL,…To view the full exhibit click here
About DAVIDsTEA Inc. (NASDAQ:DTEA)
DAVIDsTEA Inc. is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com. Additionally, the Company offers on-the-go tea beverages in its retail stores. The Company’s tea accessories include tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins and spoons. The Company offers beverages range from the standard hot or iced tea to its Tea Lattes. The Company’s different flavors of loose-leaf tea span eight tea categories: white, green, oolong, black, pu’erh, mate, rooibos and herbal tea.