DULUTH HOLDINGS INC. (NASDAQ:DLTH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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DULUTH HOLDINGS INC. (NASDAQ:DLTH) 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 Principal Officers; Election of Directors; Appointment of Principal Officers.

At the 2018 Annual Meeting of Shareholders (the “Annual Meeting”) of Duluth Holdings Inc. (the “Company”) held on May 24, 2018, the shareholders approved the Duluth Holdings Inc. Employee Stock Purchase Plan (the “ESPP”). The purpose of the ESPP is to provide employees of the Company with an opportunity to purchase shares of the Company’s Class B common stock.

There are 1,450,000 shares of our Class B common stock reserved for issuance under the ESPP, which represents the maximum aggregate number of shares of Class B common stock that may be purchased under the ESPP.

The foregoing description of the ESPP is qualified in its entirety by reference to the ESPP attached as Appendix A to the Proxy Statement on Schedule 14A filed April 13, 2018 in connection with the Annual Meeting, which is incorporated herein by reference.

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, our shareholders voted on proposals to: (1)elect the seven individuals nominated by the Board of Directors of the Company to serve as directors until the 2019 Annual Meeting of Shareholders, (2)ratify the selection of Grant Thornton LLP as the independent registered public accounting firm for the Company for the year ending February 3, 2019, and (3) approve the ESPP. The final voting results on these proposals are as follows:

(1) Election of the below-named nominees to the Board of Directors of the Company:

(2) Ratification of the selection of Grant Thornton LLP as the independent registered public accounting firm for the Company for the year ending February 3, 2019:

(3) Approval of the ESPP:


About DULUTH HOLDINGS INC. (NASDAQ:DLTH)

Duluth Holdings Inc. is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The Company operates through two segments: direct and retail. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods. The Company offers a range of products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company offers products under its Duluth Trading brand name. The Company also offers Duluthflex Ballroom jeans. The Company’s direct channel reaches customers through its Website and catalogs. The Company’s Website, www.duluthtrading.com, serves as a storefront for its product assortment. Its retail stores allow it to reach customers that prefer to shop in a brick and mortar setting. The Company’s stores range in size from 6,000 to 11,000 selling square feet.