VERA BRADLEY, INC. (NASDAQ:VRA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Appointment of Certain Officers.
On July 17, 2017, Vera Bradley, Inc. (the “Company”) appointed John Enwright as the Company’s Executive Vice President, Chief Financial Officer, effective as of July 17, 2017. Mr. Enwright joined Vera Bradley in 2014 as Senior Director of Corporate Financial Planning & Analysis and was soon promoted to Vice President, Financial Planning & Analysis. In March 2017, he was named Interim Chief Financial Officer. Before joining the Company, Mr. Enwright spent 15 years with Tiffany & Co. in various financial roles of increasing responsibility.
In connection with his appointment, Mr. Enwright’s annual base salary will be $350,000 plus he is eligible to participate in the Company’s short-term incentive plan at a rate of 50% of annual base salary. For the fiscal year 2018, Mr. Enwright will be guaranteed at least $130,000 in incentive compensation.Enwright will also participate in the Company’s long-term incentive plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
Press Release dated July 18, 2017 |
Vera Bradley, Inc. ExhibitEX-99.1 2 vra-2017718xex991.htm EXHIBIT 99.1 Exhibit VERA BRADLEY NAMES JOHN ENWRIGHT EVP,…To view the full exhibit click here
About VERA BRADLEY, INC. (NASDAQ:VRA)
Vera Bradley, Inc. is a designer of women’s handbags, accessories, luggage and travel items, eyewear, and stationery and gifts. The Company’s segments include Direct and Indirect. It offers an assortment of products, including bags, such as purses, totes and backpacks; accessories, such as wallets, wristlets, phone cases and technology accessories; travel and travel accessories, such as weekend bags, duffel bags and cosmetic bags, and home, such as mugs, tumblers and textiles, including aprons, beach towels, throw blankets and comforters. The Direct business consists of sales of Vera Bradley products through factory outlet stores in the United States, verabradley.com, direct-to-consumer eBay sales and its annual outlet sale in Fort Wayne, Indiana. The Indirect business sells Vera Bradley products to approximately 2,600 specialty retail locations, which are located in the United States, as well as department stores, national accounts and third party e-commerce sites.
