Vince Holding Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: VNCE · Form: DEF 14A · Filed: May 3, 2024 · CIK: 1579157
| Field | Detail |
|---|---|
| Company | Vince Holding Corp. (VNCE) |
| Form Type | DEF 14A |
| Filed Date | May 3, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: Vince Holding Corp., Annual Meeting, Proxy Statement, Director Election, Virtual Meeting
TL;DR
<b>Vince Holding Corp. will hold its 2024 virtual Annual Meeting of Stockholders on June 4, 2024, to elect Class I directors.</b>
AI Summary
VINCE HOLDING CORP. (VNCE) filed a Proxy Statement (DEF 14A) with the SEC on May 3, 2024. The 2024 Annual Meeting of Stockholders for Vince Holding Corp. will be held virtually on June 4, 2024, at 10:30 a.m. Eastern Time. Stockholders can attend the meeting online via a live webcast at www.virtualshareholdermeeting.com/VNCE2024. The meeting agenda includes the election of Class I directors: Robin Kramer, Michael Mardy, and David Stefko. These directors are nominated to serve until the annual meeting of stockholders in 2027. Vince Holding Corp. is a company in the Retail - Apparel & Accessory Stores sector.
Why It Matters
For investors and stakeholders tracking VINCE HOLDING CORP., this filing contains several important signals. The virtual format allows for broader stockholder participation regardless of location. The election of directors is a critical governance function, allowing shareholders to influence the company's leadership and strategic direction.
Risk Assessment
Risk Level: low — VINCE HOLDING CORP. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would indicate a change in risk.
Analyst Insight
Stockholders should review the proxy materials carefully to make informed voting decisions on director elections and other proposals.
Key Numbers
- June 4, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders date)
- 10:30 a.m. Eastern Time — Annual Meeting Time (2024 Annual Meeting of Stockholders time)
- 2027 — Director Term End (Class I directors to serve until the annual meeting in 2027)
- 5600 — SIC Code (Standard Industrial Classification for Retail-Apparel & Accessory Stores)
Key Players & Entities
- VINCE HOLDING CORP. (company) — Registrant and company name
- Robin Kramer (person) — Nominee for Class I director
- Michael Mardy (person) — Nominee for Class I director
- David Stefko (person) — Nominee for Class I director and Interim CEO
- June 4, 2024 (date) — Date of the Annual Meeting
- 2027 (date) — Year until directors serve
- 500 Fifth Avenue, 20th Floor New York, New York 10110 (address) — Company's business and mailing address
- 212-515-2600 (phone) — Company's business phone number
FAQ
When did VINCE HOLDING CORP. file this DEF 14A?
VINCE HOLDING CORP. filed this Proxy Statement (DEF 14A) with the SEC on May 3, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by VINCE HOLDING CORP. (VNCE).
Where can I read the original DEF 14A filing from VINCE HOLDING CORP.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by VINCE HOLDING CORP..
What are the key takeaways from VINCE HOLDING CORP.'s DEF 14A?
VINCE HOLDING CORP. filed this DEF 14A on May 3, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Vince Holding Corp. will be held virtually on June 4, 2024, at 10:30 a.m. Eastern Time.. Stockholders can attend the meeting online via a live webcast at www.virtualshareholdermeeting.com/VNCE2024.. The meeting agenda includes the election of Class I directors: Robin Kramer, Michael Mardy, and David Stefko..
Is VINCE HOLDING CORP. a risky investment based on this filing?
Based on this DEF 14A, VINCE HOLDING CORP. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would indicate a change in risk.
What should investors do after reading VINCE HOLDING CORP.'s DEF 14A?
Stockholders should review the proxy materials carefully to make informed voting decisions on director elections and other proposals. The overall sentiment from this filing is neutral.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
- Virtual Meeting Logistics [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is crucial for effective communication.
- Stockholder Engagement [low — financial]: The company relies on stockholder participation for key decisions like director elections.
Key Dates
- 2024-06-04: 2024 Annual Meeting of Stockholders — Key date for stockholder voting and participation in corporate governance.
- 2024-05-03: Filing Date of DEF 14A — Indicates the proxy materials are finalized and available to stockholders.
Glossary
- DEF 14A
- Definitive Proxy Statement (This filing provides detailed information about the matters to be voted on at the annual meeting, including director nominations.)
Filing Stats: 4,688 words · 19 min read · ~16 pages · Grade level 11.5 · Accepted 2024-05-03 16:30:03
Filing Documents
- vnce-def_14a-_2024.htm (DEF 14A) — 649KB
- img235263683_0.jpg (GRAPHIC) — 22KB
- img235263683_1.jpg (GRAPHIC) — 2KB
- img235263683_2.jpg (GRAPHIC) — 297KB
- img235263683_3.jpg (GRAPHIC) — 251KB
- 0000950170-24-052959.txt ( ) — 1438KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 18
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 26 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 28 OTHER MATTERS 32 VINCE HOLDING CORP. 500 Fifth Avenue, 20 th Floor New York, New York 10110 PROXY STATEMENT The board of directors (the “Board of Directors”) of Vince Holding Corp. (the “Company,” “we,” “us” or “our”) is soliciting your proxy to vote at the 2024 Annual Meeting of Stockholders to be held on Tuesday June 4, 2024, at 10:30 a.m., Eastern Time, and any adjournment or postponement of that meeting (the “Annual Meeting”). We are holding the Annual Meeting in a virtual format via a live webcast, which can be accessed on the Internet by visiting http://www.virtualshareholdermeeting.com/VNCE2024. We expect to first make this Proxy Statement available together with our Annual Report on Form 10-K for the fiscal year ended February 3, 2024 on or about May 3, 2024, to our stockholders of record as of the close of business on April 8, 2024 (the “Record Date”). The Company’s principal executive offices are located at 500 Fifth Avenue, 20th Floor, New York, New York 10110 and its telephone number is (323) 421-5980. Introductory Note About the Company Vince Holding Corp., formerly known as Apparel Holding Corp. and Kellwood Holding Corp., was incorporated in Delaware in February 2008 in connection with the acquisition of Kellwood Company, LLC (Kellwood Company) by affiliates of Sun Capital Partners, Inc. (“Sun Capital”). We completed an initial public offering of our common stock on November 27, 2013 (the “IPO”). On April 21, 2023, Vince, LLC, the Company's wholly owned indirect subsidiary, entered into an Intellectual Property Asset Purchase Agreement, by and among Vince, LLC, ABG-Viking, LLC (ABG Vince), a newly formed indirect subsidiary of Authentic Brands Group, LLC, the Company and ABG
Forward-Looking Statements
Forward-Looking Statements This proxy statement contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 that is subject to certain risks and uncertainties that could cause actual results to differ materially from those projected, expressed, or implied by such forward-looking information. Risks and uncertainties that could cause or contribute to such differences include, but are not limited to, those discussed in Part I, Item 1A, “Risk Factors” included in our Annual Report on Form 10-K for the fiscal year ended February 3, 2024. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements as a result of new information or future events. 1 QUESTIONS AND ANSWERS ABOUT THE PRO XY MATERIALS AND THE ANNUAL MEETING Why am I receiving these materials? The Board of Directors is soliciting proxies for the Annual Meeting. Where and When is the Annual Meeting? We will hold the Annual Meeting on Tuesday, June 4, 2024, at 10:30 a.m., Eastern Time. We are holding the Annual Meeting in a virtual format via a live webcast, which can be accessed on the Internet by visiting http://www.virtualshareholdermeeting.com/VNCE2024. What am I being asked to vote on at the Annual Meeting? We are asking our stockholders to consider the following proposals: • the election of the Class I directors, Robin Kramer, Michael Mardy and David Stefko, to serve until our annual meeting of stockholders to be held in 2027 or until their respective successors are duly elected and qualified; • the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending February 1, 2025; • the approval, on a non-binding, advisory basis, of the compensation of our named executive officers. Even though your vote is advisory and therefore will not be binding on the Company, the compe