Dillard's, Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: DDT · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 28917

Sentiment: neutral

Topics: Dillard's, DEF 14A, Annual Meeting, Stockholders, Executive Compensation

TL;DR

<b>Dillard's, Inc. is holding its 2024 Annual Meeting of Stockholders on May 18, 2024, to elect directors and address other business.</b>

AI Summary

DILLARD'S, INC. (DDT) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Dillard's, Inc. will hold its 2024 Annual Meeting of Stockholders on May 18, 2024, at its Corporate Office in Little Rock, Arkansas. The meeting will include the election of fifteen director nominees, with five for Class A stockholders and ten for Class B stockholders. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 5, 2024. The company's fiscal year ends on February 3rd. The filing details executive compensation, including pension values and equity awards for PEO and Non-PEO members.

Why It Matters

For investors and stakeholders tracking DILLARD'S, INC., this filing contains several important signals. This filing provides crucial information for shareholders regarding director nominations and the company's governance structure, enabling informed voting decisions. The detailed executive compensation data allows shareholders to assess the alignment of management pay with company performance and shareholder interests.

Risk Assessment

Risk Level: low — DILLARD'S, INC. shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than immediate financial or operational concerns.

Analyst Insight

Review the director nominees and executive compensation details to make informed voting decisions at the upcoming Annual Meeting.

Key Numbers

Key Players & Entities

FAQ

When did DILLARD'S, INC. file this DEF 14A?

DILLARD'S, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 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 DILLARD'S, INC. (DDT).

Where can I read the original DEF 14A filing from DILLARD'S, INC.?

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 DILLARD'S, INC..

What are the key takeaways from DILLARD'S, INC.'s DEF 14A?

DILLARD'S, INC. filed this DEF 14A on April 5, 2024. Key takeaways: Dillard's, Inc. will hold its 2024 Annual Meeting of Stockholders on May 18, 2024, at its Corporate Office in Little Rock, Arkansas.. The meeting will include the election of fifteen director nominees, with five for Class A stockholders and ten for Class B stockholders.. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 5, 2024..

Is DILLARD'S, INC. a risky investment based on this filing?

Based on this DEF 14A, DILLARD'S, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than immediate financial or operational concerns.

What should investors do after reading DILLARD'S, INC.'s DEF 14A?

Review the director nominees and executive compensation details to make informed voting decisions at the upcoming Annual Meeting. The overall sentiment from this filing is neutral.

How does DILLARD'S, INC. compare to its industry peers?

Dillard's, Inc. operates in the department store retail sector, a segment that requires careful management of inventory, customer experience, and brand positioning.

Are there regulatory concerns for DILLARD'S, INC.?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies from shareholders.

Risk Factors

Industry Context

Dillard's, Inc. operates in the department store retail sector, a segment that requires careful management of inventory, customer experience, and brand positioning.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies from shareholders.

What Investors Should Do

  1. Review the list of director nominees and their qualifications.
  2. Analyze the executive compensation details provided in the proxy statement.
  3. Vote on the director elections and any other proposals at the Annual Meeting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual proxy statement, and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,903 words · 20 min read · ~16 pages · Grade level 9.6 · Accepted 2024-04-05 16:05:46

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL HOLDERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL HOLDERS The following table sets forth certain information regarding persons known to the Company, other than members of management who are presented in the separate table below, to beneficially own more than five percent of a class of the Company's outstanding voting securities as of the close of business on March 21, 2024. Unless otherwise indicated, each such person has sole voting power and sole dispositive power over the shares indicated below. Amount and Nature Title of Of Beneficial Percent Of Name and Address of Beneficial Owner Class Class (1) Newport Trust Company, LLC Class A 5,002,223 (2) 40.86 % 1627 Eye Street, NW, Suite 950 Washington, DC 20006 W.D. Company, Inc. (3) Class A 41,496 0.34 % 1600 Cantrell Road Class B 3,985,776 99.99 % Little Rock, AR 72201 (1) At March 21, 2024, there were a total of 12,243,845 shares of the Company's Class A Common Stock and 3,986,233 shares of the Company's Class B Common Stock outstanding. (2) Based on information contained in Schedule 13G/A filed February 5, 2024 with the SEC, Newport Trust Company, LLC is the beneficial owner of these shares in its capacity as Trustee of the 401(k) Plan. Newport Trust Company, LLC has no voting power and only shared dispositive power over these shares. (3) William Dillard, II, Chairman and Chief Executive Officer of the Company, Alex Dillard, President of the Company, and Mike Dillard, Executive Vice President of the Company, are officers and directors of W.D. Company, Inc. and own 27.4%, 27.9% and 26.3%, respectively, of the outstanding voting stock of W.D. Company, Inc. William Dillard, II, Alex Dillard and Mike Dillard act by majority with respect to voting and dispositive power over these shares. 4

SECURITY OWNERSHIP OF MANAGEMENT

SECURITY OWNERSHIP OF MANAGEMENT The following table sets forth the number of shares of Class A Common Stock and Class B Common Stock of the Company beneficially owned by each director, each director nominee, each of the named executive officers identified under the section titled "Executive Compensation" in this proxy statement and the directors and executive officers as a group, as of March 21, 2024. Class A Shares Class B Shares Name of Beneficial Owner Amount (1) % of Class Amount (1) % of Class Robert C. Connor 77,509 (2) * — — William E. (Chip) Connor, II 2,000 * — — Alex Dillard (3) 1,185,540 (6) 9.7 % (6) (6) (6) Mike Dillard (4) 543,485 (6) 4.4 % (6) (6) (6) William Dillard, II (5) 923,128 (6) 7.5 % (6) (6) (6) William Dillard, III 252,056 (7) 2.1 % — — James I. Freeman 79,196 * — — H. Lee Hastings, III 20,812 * — — Rob C. Holmes 2,500 * — — Chris B. Johnson 18,442 * — — Denise Mahaffy 169,982 (8) 1.4 % — — Drue Matheny 457,506 (9) 3.7 % — — Reynie Rutledge 22,330 * — — Warren A. Stephens 57,362 (10) * — — J. C. Watts, Jr. 11,400 (11) * — — Phillip R. Watts 19,134 * — — Nick White 1,500 * — — All Directors & Executive Officers as a Group (a total of 25 persons) 4,132,311 (6) 33.8 % (6) (6) (6) * Denotes less than 1% (1) Based on information furnished by the respective individuals. (2) Includes nine shares owned by Robert C. Connor's spouse. (3) Alex Dillard's shares include (i) 1,017,141 shares of Class A Common Stock held directly and 131,852 shares of Class A Common Stock held in trusts over which Alex Dillard has sole voting and dispositive power and (ii) 36,547 shares held by Alex Dillard's spouse over which Alex Dillard may be deemed to share voting and dispositive power. (4) Mike Dillard's shares include (i) 535,575 shares of Class A Common Stock held

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