Carter's Inc. Appoints New Directors, Sees Director Departure
Ticker: CRI · Form: 8-K · Filed: Jan 7, 2025 · CIK: 1060822
Sentiment: neutral
Topics: board-changes, management-changes
TL;DR
Board shakeup at Carter's: Casey out, McGlade & Smith in.
AI Summary
On January 3, 2025, Carter's Inc. filed an 8-K report detailing the departure of director Michael D. Casey. The filing also announced the election of two new directors, William J. McGlade and Michael A. Smith, to the Board of Directors. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Carter's Inc. (company) — Registrant
- Michael D. Casey (person) — Departing Director
- William J. McGlade (person) — Newly Elected Director
- Michael A. Smith (person) — Newly Elected Director
- January 3, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from Carter's Inc.'s Board of Directors?
Michael D. Casey has departed from Carter's Inc.'s Board of Directors.
Who are the newly elected directors at Carter's Inc.?
William J. McGlade and Michael A. Smith have been elected as new directors to Carter's Inc.'s Board of Directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 3, 2025.
What is the filing type for Carter's Inc. on January 3, 2025?
The filing type is a Current Report on Form 8-K.
In which state is Carter's Inc. incorporated?
Carter's Inc. is incorporated in Delaware.
Filing Stats: 1,398 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2025-01-07 17:01:01
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share CRI New York Stock Exchan
- $110,000 — will be paid a monthly cash stipend of $110,000. Mr. Westenberger will also receive res
- $300,000 — restricted stock awards in an amount of $300,000 pursuant to the Company's Amended and R
- $150,000 — ard approved an annual cash retainer of $150,000. Issuance of Retention Awards On Ja
- $250,000 — with each award being in the amount of $250,000 (the "Retention Awards"), in respect of
Filing Documents
- d174289d8k.htm (8-K) — 32KB
- d174289dex991.htm (EX-99.1) — 12KB
- g174289g93s97.jpg (GRAPHIC) — 20KB
- 0001193125-25-002892.txt ( ) — 203KB
- cri-20250103.xsd (EX-101.SCH) — 3KB
- cri-20250103_lab.xml (EX-101.LAB) — 18KB
- cri-20250103_pre.xml (EX-101.PRE) — 11KB
- d174289d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits. Exhibit Number Description 99.1 Press Release, dated January 7, 2025. 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, Carter's, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. January 7, 2025 CARTER'S, INC. By: /s/ Antonio D. Robinson Name: Antonio D. Robinson Title: Senior Vice President, General Counsel, Corporate Secretary, CSR & Chief Compliance Officer