J.Jill CFO Departs; New Directors Appointed

Ticker: JILL · Form: 8-K · Filed: 2024-03-15T00:00:00.000Z

Sentiment: neutral

Topics: executive-departure, board-changes, cfo-appointment

Related Tickers: JJIL

TL;DR

JJILL CFO OUT, NEW BOARD MEMBERS IN. GRACE TAKES OVER AS INTERIM CFO.

AI Summary

J.Jill, Inc. announced on March 13, 2024, the departure of its Chief Financial Officer, Marc A. Lipschultz, effective March 15, 2024. The company has appointed Kristina L. Gray as interim CFO. Additionally, the company announced the election of two new directors, Michelle L. Peluso and Steven L. Smith, to its Board of Directors, effective March 13, 2024.

Why It Matters

The departure of a CFO can signal financial strategy shifts or concerns, while new board members may bring fresh perspectives or influence future company direction.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO and board composition can introduce uncertainty regarding future strategy and financial performance.

Key Players & Entities

FAQ

Who has been appointed as the interim Chief Financial Officer for J.Jill, Inc.?

Kristina L. Gray has been appointed as the interim Chief Financial Officer for J.Jill, Inc.

When is Marc A. Lipschultz's departure as CFO effective?

Marc A. Lipschultz's departure as CFO is effective March 15, 2024.

Who are the new directors elected to J.Jill's Board?

Michelle L. Peluso and Steven L. Smith have been elected as new directors to J.Jill's Board.

What is the exact date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is March 13, 2024.

What is J.Jill, Inc.'s principal executive office address?

J.Jill, Inc.'s principal executive offices are located at 4 Batterymarch Park, Quincy, MA 02169.

Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-03-15 16:22:52

Key Financial Figures

Filing Documents

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 13, 2024 J.JILL, INC. (Exact name of registrant as specified in its charter) Delaware 001-38026 45-1459825 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 4 Batterymarch Park Quincy , MA 02169 (Address of principal executive offices) (Zip Code) (617) 376-4300 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol(s) Name of each exchange on which registered: Common Stock, $0.01 par value JILL New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 13, 2024, James Scully, a member of the board of directors (the "Board") of J.Jill, Inc. (the "Company"), notified the Company that he will not stand for reelection at the Company's 2024 annual meeting of stockholders (the "2024 Annual Meeting"). Mr. Scully will continue to serve as a director until the 2024 Annual Meeting and his retirement from the Board is not the result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices. SIGNATURE 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. Date: March 15, 2024 J.JILL, INC. By: /s/ Kathleen B. Stevens Name: Kathleen B. Stevens Title: Senior Vice President, General Counsel, Secretary and ESG

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