Birks Group Inc. Files 20-F/A Amendment

TL;DR

**Birks Group Inc. filed a 20-F/A amendment on 7/18/24, updating financial details for FY ending 3/30/24, including credit facility and lease data.**

AI Summary

Birks Group Inc. filed an amendment (20-F/A) on July 18, 2024, related to its fiscal year ending March 30, 2024. The filing includes details about assets held under capital leases and an amended credit facility, with specific financial data points from March 30, 2024, and prior periods.

Why It Matters

This filing provides updated financial information and disclosures for Birks Group Inc., which is crucial for investors and stakeholders to assess the company's financial health and operational status.

Risk Assessment

Risk Level: medium — As a 20-F/A filing, it represents an amendment to a previous filing, suggesting potential corrections or updates to financial reporting, which warrants a medium risk assessment.

Key Numbers

• 2024-03-30 — Fiscal Year End (The reporting period for the financial data in the filing.)
• 20240718 — Filing Date (The date the amendment was submitted to the SEC.)

Key Players & Entities

• BIRKS GROUP INC. (company) — Filer of the 20-F/A amendment
• 0001179821 (company) — Central Index Key for BIRKS GROUP INC.
• 20240718 (date) — Filing date of the 20-F/A amendment
• 20240330 (date) — Conformed period of report (fiscal year end)
• MONTREAL (location) — City of business and mailing address

FAQ

Key Financial Figures

• $8.5 million — a daily minimum excess availability of $8.5 million under both its senior secured credit fa
• $2,196 thousand — reserve balance as of March 30, 2024 is $2,196 thousands, which includes the reserve for slow-m

Filing Documents

• d795080d20fa.htm (20-F/A) — 1561KB
• d795080dex121.htm (EX-12.1) — 7KB
• d795080dex122.htm (EX-12.2) — 7KB
• d795080dex131.htm (EX-13.1) — 4KB
• d795080dex132.htm (EX-13.2) — 3KB
• 0001193125-24-181045.txt ( ) — 10104KB
• bgi-20240330.xsd (EX-101.SCH) — 100KB
• bgi-20240330_cal.xml (EX-101.CAL) — 53KB
• bgi-20240330_def.xml (EX-101.DEF) — 394KB
• bgi-20240330_lab.xml (EX-101.LAB) — 637KB
• bgi-20240330_pre.xml (EX-101.PRE) — 551KB
• d795080d20fa_htm.xml (XML) — 1907KB

Financial Statements

Financial Statements 2 Item 19. Exhibits 2

Signatures

Signatures 6 i Table of Contents Explanatory Note Birks Group Inc. (the "Company") is filing this Amendment No. 1 to its annual report on Form 20-F for the fiscal year ended March 30, 2024 (the "Amendment No. 1"), which was originally filed with the Securities and Exchange Commission (the "SEC") on July 16, 2024 (the "Original Filing"). The purpose of this Amendment No. 1 is solely to include the auditor's signature on the "Report of Independent Registered Public Accounting Firm" issued by our auditor KPMG LLP for the fiscal year ended March 30, 2024, which was inadvertently excluded from the Original Filing. In order to comply with certain requirements of the SEC's rules in connection with this filing, this Amendment No. 1 includes Item 18. Financial Statements. For the avoidance of doubt, there have been no changes to the Company's financial statements set forth in the Original Filing. Consistent with the rules of the SEC, the certifications of the Company's principal executive officer and principal financial officer as of the date of this Amendment No. 1 are attached as exhibits to this Amendment No. 1. Except as described above, no other changes have been made to the Original Filing. This Amendment No. 1 speaks as of the filing date of the Original Filing. Other than as stated otherwise, this Amendment No. 1 does not, and does not purport to, amend, update or restate any other information or disclosure included in the Original Filing, or reflect any events that have occurred since the date thereof. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and the Company's filings with the SEC subsequent to the filing of the Original Filing. 1 Table of Contents Item18.

Financial Statements

Financial Statements The financial statements required by this item are found at the end of this Annual Report beginning on page F-1. PART III Item19. Exhibits The following exhibits are part of this Annual Report on Form 20-F. 2 Exhibit Number Description of Document 1.1 Restated Articles of Incorporation of Birks Group Inc., effective as of November 14, 2005. Incorporated by reference from the Henry Birks & Sons Inc. Registration Statement on Form F-4 originally filed with the SEC on July 27, 2005 and as subsequently amended on September 8, 2005, September 21, 2005 and September 29, 2005. 1.2 Articles of Amendment of Birks Group Inc., effective as of October 1, 2013. Incorporated by reference from the Birks Group Inc.'s Form 20-F filed with the SEC on July 25, 2014. 1.3 Articles of Amendment of Birks Group Inc. effective as of October 3, 2014. Incorporated by referenced from Birks Group Inc.'s Form 20-F filed with the SEC on June 26, 2015. 1.4 By-law No. One of Birks Group Inc. adopted on December 28, 1998 and amended on April 9, 2012. Incorporated by reference from the Birks Group Inc.'s Form 20-F filed with the SEC on July 3, 2012. 2.1 Form of Birks Class A voting share certificate as amended as of October 1, 2013. Incorporated by reference from the Birks Group Inc.'s Form 20-F filed with the SEC on July 25, 2014. 2.2 Description of Capital Stock. Incorporated by reference from the Birks Group Inc. Annual report on Form 20-F filed with the SEC on July 8, 2020. 4.1 Agreement and Plan of Merger and Reorganization, dated as of April 18, 2005, as amended as of July 27, 2005, among Henry Birks & Sons Inc., Mayor's, Inc. and Birks Merger Corporation, a wholly-owned subsidiary of Henry Birks & Sons Inc. Incorporated by reference from the Henry Birks & Sons Inc. Registration Statement on Form F-4 originally filed with the SEC on July 27, 2005 and as subsequently amended on September 8, 2005, September 21, 2005 and September 29, 200

SIGNATURES

SIGNATURES The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Amendment No. 1 to Annual Report on its behalf. BIRKS GROUP INC. Date: July 18, 2024 /s/ Katia Fontana Katia Fontana, Vice President and Chief Financial Officer 6 INDEX TO FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm F-2 Consolidated Balance Sheets as of March 30, 2024 and March 25, 2023 F-4 Consolidated Statements of Operations for the Fiscal Years Ended March 30, 2024, March 25, 2023, and March 26, 2022 F-5 Consolidated Statements of Other Comprehensive Income (loss) for the Fiscal Years Ended March 30, 2024, March 25, 2023, and March 26, 2022 F-6 Consolidated Statements of Changes in Stockholders' Equity (deficiency) for the Fiscal Years Ended March 30, 2024, March 25, 2023, and March 26, 2022 F-7 Consolidated Statements of Cash Flows for the Fiscal Years Ended March 30, 2024, March 25, 2023, and March 26, 2022 F-8

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-9 F-1 Table of Contents Report of Independent Registered Public Accounting Firm To the Stockholders and Board of Directors Birks Group Inc.: Opinion on the Consolidated

Financial Statements

Financial Statements We have audited the accompanying consolidated balance sheets of Birks Group Inc. (the "Company") as of March 30, 2024 and March 25, 2023, the related consolidated statements of operations, other comprehensive income (loss), changes in stockholders' equity (deficiency), and cash flows for each of the years ended March 30, 2024, March 25, 2023 and March 26, 2022, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of March 30, 2024 and March 25, 2023, and the results of its operations and its cash flows for each of the years ended March 30, 2024, March 25, 2023 and March 26, 2022, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's int

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