Carter's Inc. Files 8-K: Other Events & Financials
Ticker: CRI · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1060822
Sentiment: neutral
Topics: 8-K, financial-statements, disclosure
TL;DR
Carter's filed an 8-K on June 3rd for events on June 1st - check for financial updates.
AI Summary
Carter's Inc. filed an 8-K on June 3, 2024, reporting an event on June 1, 2024. The filing indicates "Other Events" and "Financial Statements and Exhibits" as key items. The company, incorporated in Delaware, is headquartered in Atlanta, Georgia, with its principal executive offices located at Phipps Tower, 3438 Peachtree Road NE, Suite 1800.
Why It Matters
This 8-K filing signals that Carter's Inc. is disclosing significant events or financial information, which could impact investor understanding of the company's current status.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of events and financial statements, not indicating any immediate operational or financial distress.
Key Players & Entities
- Carter's Inc. (company) — Registrant
- 0001060822-24-000131 (filing_id) — Accession Number
- June 1, 2024 (date) — Earliest event reported
- June 3, 2024 (date) — Date of report
- Atlanta, Georgia (location) — Principal executive offices
- 3438 Peachtree Road NE, Suite 1800 (address) — Principal executive offices
FAQ
What specific 'Other Events' are being reported by Carter's Inc. on June 1, 2024?
The provided text does not detail the specific 'Other Events' beyond listing the item category.
What is the significance of the 'Financial Statements and Exhibits' being filed?
This indicates that Carter's Inc. is providing updated financial information or exhibits as part of this report.
When was Carter's Inc. incorporated, and in which jurisdiction?
Carter's Inc. was incorporated in Delaware.
What is the primary business address for Carter's Inc.?
The primary business address is Phipps Tower, 3438 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326.
What is the telephone number for Carter's Inc.'s principal executive offices?
The telephone number is (678) 791-1000.
Filing Stats: 935 words · 4 min read · ~3 pages · Grade level 14 · Accepted 2024-06-03 16:21:02
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share CRI New York Stock Exchange
Filing Documents
- cri-20240601.htm (8-K) — 37KB
- 0001060822-24-000131.txt ( ) — 168KB
- cri-20240601.xsd (EX-101.SCH) — 2KB
- cri-20240601_lab.xml (EX-101.LAB) — 23KB
- cri-20240601_pre.xml (EX-101.PRE) — 13KB
- cri-20240601_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. OshKosh B'Gosh, Inc. ("OshKosh"), a subsidiary of Carter's, Inc. (the "Company"), has announced the offering of a single-sum payment window commencing on June 1, 2024 and expected to close on July 15, 2024 (the "Single-Sum Payment Window"), to approximately 500 plan participants in the OshKosh B'Gosh, Inc. Pension Plan, a tax qualified defined benefit pension plan (the "Pension Plan"). The Pension Plan is a legacy plan of OshKosh under which retirement benefits were frozen as of December 31, 2005. Terminated vested participants (including applicable deferred beneficiaries and alternate payees) in the Pension Plan who have not re-entered employment with the Company or an affiliate may elect to take a one-time, voluntary, single-sum payment equal to the estimated net present value of future benefits, with the payment to be made from the existing assets in the Pension Plan. After the closure of the Single-Sum Payment Window, electing participants are expected to receive payment in August 2024, after which the Pension Plan will not have any further obligations to those participants. In connection with the anticipated consummation of the Single-Sum Payment Window, OshKosh and, ultimately, the Company, expect to recognize related non-cash accounting charges in accordance with the pension settlement accounting rules. The actual amount of such charge will depend upon the number of eligible participants electing the single-sum payment option and various actuarial assumptions. In addition, our Board of Directors authorized the termination of the Pension Plan, with an anticipated effective date of November 30, 2024. After receiving the required governmental approvals, including from the Pension Benefit Guaranty Corporation, and following the Single-Sum Payment Window offering, OshKosh and, ultimately, the Company, expects to make an additional contribution in order to fully fund the Pension Plan on a termination basis, followed by the purchase of
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL 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. June 3, 2024 CARTER'S, INC. By: /s/ Antonio D. Robinson Name: Antonio D. Robinson Title: Senior Vice President, General Counsel, Corporate Secretary, CSR & Chief Compliance Officer