Vince Holding Corp. (NYSE:VNCE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election ofDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 2, 2018, the board of directors (the “Board”) of Vince Holding Corp. (the “Company”) elected Michael Mardy as a director, effective April 2, 2018. The appointment filled a seat on the Board that previously remained vacant, bringing the total number of directors to nine.
The Board expects to appoint Mr. Mardy to the audit committee of the Board.
There is no arrangement or understanding between Mr. Mardy and any other persons in connection with his appointment as a director. There are no family relationships between Mr. Mardy and any director or executive officer of the Company or any nominees to such positions. There are no related party transactions between the Company and Mr. Mardy that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
Mr. Mardy will receive compensation and benefits consistent with those received by the Company’s other non-employee directors who are not employed by Sun Capital Partners, Inc. or its affiliates, as generally described in the Company’s proxy statement, prorated to his appointment date.
About Vince Holding Corp. (NYSE:VNCE)
Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. It operates in two segments: wholesale and direct-to-consumer. Its wholesale segment consists of sales to department stores and specialty stores in the United States and in select international markets. Its direct-to-consumer segment includes its retail and outlet stores, and its e-commerce business. It operates approximately 50 stores, which consisted of over 30 Company-operated full-price retail stores and over 10 Company-operated outlet locations. The direct-to-consumer segment also includes its e-commerce Website, www.vince.com. It offers women’s line under the Vince brand, which includes seasonal collections of cashmere sweaters and silk blouses, leather and suede leggings and jackets, dresses, denim, pants, tanks and t-shirts, and an assortment of outerwear.
