Vince Holding Corp. Files 8-K on Financials

TL;DR

Vince Holding Corp. dropped an 8-K, expect financial updates soon.

AI Summary

Vince Holding Corp. filed an 8-K on May 6, 2024, reporting on its results of operations and financial condition, and providing a Regulation FD disclosure. The filing does not contain specific financial figures or operational details within the provided text, but indicates a reportable event occurred on or before May 3, 2024.

Why It Matters

This 8-K filing signals that Vince Holding Corp. is disclosing important information regarding its financial performance and operations to the public, which could impact investor decisions.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for reporting financial results and regulatory disclosures, with no immediate indication of significant negative events.

Key Players & Entities

• VINCE HOLDING CORP. (company) — Filer
• Apparel Holding Corp. (company) — Former Company Name
• Kellwood Holding Corp. (company) — Former Company Name
• 0000950170-24-053613 (filing_id) — Accession Number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share VNCE The New Yo
• $1.0 — a nominal sale (the "Transaction") for $1.0 of all outstanding shares of Rebecca Ta
• $50.0 million — ts its stockholders' equity to be above $50.0 million as of the fiscal quarter ended May 4, 2

Filing Documents

• vnce-20240506.htm (8-K) — 41KB
• 0000950170-24-053613.txt ( ) — 153KB
• vnce-20240506.xsd (EX-101.SCH) — 24KB
• vnce-20240506_htm.xml (XML) — 5KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. The information furnished under Item 7.01 of this Form 8-K below is incorporated by reference under this Item 2.02. The information furnished pursuant to Item 2.02 of this Form 8-K is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the Securities and Exchange Commission (the "SEC") shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On May 3, 2024, following the previously announced wind-down of the Rebecca Taylor business, Vince, LLC (the "Seller"), an indirectly wholly owned subsidiary of Vince Holding Corp. (the "Company"), completed a nominal sale (the "Transaction") for $1.0 of all outstanding shares of Rebecca Taylor, Inc., which held the Rebecca Taylor business prior to the wind-down, to Nova Acquisitions, LLC. As previously disclosed, in July 2023, Rebecca Taylor, Inc. and its wholly owned and sole subsidiary, Rebecca Taylor Retail Stores, LLC, each made a General Assignment for the Benefit of the Creditors to an assignee, an unaffiliated California limited liability company, pursuant to California state law. Because of these assignments, neither Rebecca Taylor, Inc. nor Rebecca Taylor Retail Stores, LLC owned any material operating assets at the time of the Transaction. Nova Acquisitions, LLC is wholly owned by James Carroll, who served as the sole director and officer of Rebecca Taylor, Inc. at the time of the Transaction, pursuant to a service agreement between Mr. Carroll and Rebecca Taylor, Inc. that was previously entered into in September 2022 in connection with the wind-down. Following the completion of the Transaction, there exists no relationship or arrangement whatsoever between Mr. Carroll and the Company or any of its affiliates. Furthermore, following the completion of the Transaction, the Company expects its stockholders' equity to be above $50.0 million as of the fiscal quarter ended May 4, 2024 (the "2024 First Fiscal Quarter"). The Transaction was completed pursuant to a Stock Purchase Agreement (the "SPA"), dated May 3, 2024, entered into between the Seller and Nova Acquisitions, LLC. The SPA contains customary representations, warranties and covenants for a transaction of this nature, but does not include any indemnification provisions for the benefit of either party. The information furnished hereunder reflects management's

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. VINCE HOLDING CORP. Date: May 6, 2024 By: /s/ David Stefko David Stefko Interim Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR