Citi Trends Announces Director Changes and Compensation Updates
Ticker: CTRN · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1318484
| Field | Detail |
|---|---|
| Company | Citi Trends INC (CTRN) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-appointment, compensation
Related Tickers: CTRN
TL;DR
Citi Trends board shake-up: Johnson out, Baldwin & Miller in. New comp plans too.
AI Summary
Citi Trends, Inc. filed an 8-K on March 7, 2024, reporting the departure of director Robert J. Johnson, Jr. and the election of new directors, including Christopher J. Baldwin and Steven B. Miller. The filing also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new appointments, along with changes in compensation, can indicate internal shifts that may carry some level of uncertainty for the company's future direction.
Key Players & Entities
- Citi Trends, Inc. (company) — Registrant
- Robert J. Johnson, Jr. (person) — Departing Director
- Christopher J. Baldwin (person) — Elected Director
- Steven B. Miller (person) — Elected Director
- March 7, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Citi Trends board of directors?
Robert J. Johnson, Jr. has departed from the Citi Trends board of directors.
Who has been elected as new directors to the Citi Trends board?
Christopher J. Baldwin and Steven B. Miller have been elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 7, 2024.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the appointment of certain officers and compensatory arrangements of certain officers.
In which state is Citi Trends, Inc. incorporated?
Citi Trends, Inc. is incorporated in Delaware.
Filing Stats: 446 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2024-03-12 16:21:07
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 CTRN Nasdaq Stock Market Preferre
Filing Documents
- tm244439d3_8k.htm (8-K) — 29KB
- 0001104659-24-033480.txt ( ) — 242KB
- ctrn-20240307.xsd (EX-101.SCH) — 3KB
- ctrn-20240307_def.xml (EX-101.DEF) — 26KB
- ctrn-20240307_lab.xml (EX-101.LAB) — 36KB
- ctrn-20240307_pre.xml (EX-101.PRE) — 25KB
- tm244439d3_8k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 7, 2024, Citi Trends, Inc. (the "Company") announced that Jason Moschner, the Company's Vice President of Finance and principal accounting officer, is leaving the Company, effective March 7, 2024. Mr. Moschner's departure was not the result of any disagreement with the Company. Heather Plutino, the Company's Chief Financial Officer, has replaced Mr. Moschner as the Company's principal accounting officer, effective March 7, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITI TRENDS, INC. Date:March 12, 2024 By: /s/ Heather Plutino Name: Heather Plutino Title: Chief Financial Officer 3