Tilly's CFO Departs; New Directors Appointed
Ticker: TLYS · Form: 8-K · Filed: May 20, 2024 · CIK: 1524025
| Field | Detail |
|---|---|
| Company | Tilly'S, Inc. (TLYS) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $1,000,000, $650,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, interim-cfo
Related Tickers: TLYS
TL;DR
Tilly's CFO out, interim CFO in, two new board members join. Big changes at the top.
AI Summary
Tilly's, Inc. announced on May 18, 2024, the departure of its Chief Financial Officer, Michael Henry, effective May 24, 2024. The company has appointed Neil D. Cole as interim CFO. Additionally, Tilly's has elected two new directors, Neil D. Cole and Jonathan M. S. Smith, to its Board of Directors, effective May 18, 2024.
Why It Matters
The departure of a CFO and the appointment of new board members can signal strategic shifts or governance changes within the company, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding the company's future strategy and leadership stability.
Key Players & Entities
- Tilly's, Inc. (company) — Registrant
- Michael Henry (person) — Departing Chief Financial Officer
- May 24, 2024 (date) — Effective date of CFO departure
- Neil D. Cole (person) — Appointed Interim Chief Financial Officer and Director
- Jonathan M. S. Smith (person) — Elected Director
- May 18, 2024 (date) — Effective date of director appointments
FAQ
Who has been appointed as the interim Chief Financial Officer for Tilly's, Inc.?
Neil D. Cole has been appointed as the interim Chief Financial Officer for Tilly's, Inc.
When is Michael Henry's departure as CFO effective?
Michael Henry's departure as CFO is effective May 24, 2024.
How many new directors were elected to Tilly's Board of Directors?
Two new directors, Neil D. Cole and Jonathan M. S. Smith, were elected to Tilly's Board of Directors.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is dated May 18, 2024.
What is the principal executive office address for Tilly's, Inc.?
The principal executive office address for Tilly's, Inc. is 10 Whatney, Irvine, California 92618.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 11.8 · Accepted 2024-05-20 17:07:01
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value per share TLYS New York Stock
- $1,000,000 — Executive Officer of the Company, from $1,000,000 on an annual basis, to $650,000. Such d
- $650,000 — from $1,000,000 on an annual basis, to $650,000. Such decrease will be made effective a
Filing Documents
- tlys-20240518.htm (8-K) — 25KB
- 0001628280-24-024392.txt ( ) — 144KB
- tlys-20240518.xsd (EX-101.SCH) — 2KB
- tlys-20240518_lab.xml (EX-101.LAB) — 21KB
- tlys-20240518_pre.xml (EX-101.PRE) — 12KB
- tlys-20240518_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 18, 2024, the Compensation Committee of the Board of Directors of the Company approved a voluntary salary decrease for Hezy Shaked, Interim President and Chief Executive Officer of the Company, from $1,000,000 on an annual basis, to $650,000. Such decrease will be made effective as of June 1, 2024. No other changes were made to Mr. Shaked's compensation.
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. TILLY'S, INC. Date: May 20, 2024 By: /s/ Michael L. Henry Name: Michael L. Henry Title: Executive Vice President, Chief Financial Officer