| |
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS
FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 28, 2019. The Proxy Statement and the 2018 Annual Report to Stockholders are available at http://materials.proxyvote.com/351793 |
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| | | | A-1 | | |
Name of Beneficial Owner
|
| |
Shares
Beneficially Owned(1) |
| |
Percent of
Shares(1) |
| ||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Steven P. Lawrence(2)
|
| | | | 20,000 | | | | | | * | | |
Kelly M. Dilts(4)
|
| | | | 10,259 | | | | | | * | | |
Marc G. Schuback(3)
|
| | | | — | | | | | | * | | |
Patricia Bender(4)
|
| | | | 80,628 | | | | | | * | | |
Philip F. Bleser(4)
|
| | | | 25,610 | | | | | | * | | |
Richard Emmett(4)
|
| | | | 121,098 | | | | | | * | | |
Richard Kunes(4)
|
| | | | 113,074 | | | | | | * | | |
Joseph O’Leary(4)
|
| | | | 62,433 | | | | | | * | | |
Martyn Redgrave(4)
|
| | | | 77,757 | | | | | | * | | |
Marie Toulantis(4)
|
| | | | 76,098 | | | | | | * | | |
All current directors and executive officers of the Company as a group (9 persons)(4)
|
| | | | 586,957 | | | | | | 1.7% | | |
5% Stockholders: | | | | | | | | | | | | | |
Dimensional Fund Advisors LP(5)
Building One 6300 Bee Cave Road Austin, Texas 78746 |
| | | | 2,985,647 | | | | | | 8.4% | | |
BlackRock, Inc.(6)
55 East 52nd Street New York, New York 10055 |
| | | | 2,427,296 | | | | | | 6.8% | | |
Cross River Capital Management LLC(7)
31 Bailey Avenue, Unit D Ridgefield, Connecticut 06877 |
| | | | 2,170,000 | | | | | | 6.1% | | |
Prescott Group Capital Management, L.L.C.(8)
1924 South Utica, Suite 1120 Tulsa, Oklahoma 74104 |
| | | | 2,069,924 | | | | | | 5.8% | | |
Name
|
| |
Stock Options
|
| |
Restricted Stock
|
| ||||||
Michael Prendergast
|
| | | | — | | | | | | — | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | |
Patricia Bender
|
| | | | 42,369 | | | | | | 16,920 | | |
Philip F. Bleser
|
| | | | — | | | | | | 16,920 | | |
Richard Emmett
|
| | | | 66,745 | | | | | | 16,920 | | |
Richard Kunes
|
| | | | 68,299 | | | | | | 16,920 | | |
Joseph O’Leary
|
| | | | 28,080 | | | | | | 16,920 | | |
Martyn Redgrave
|
| | | | 7,404 | | | | | | 16,920 | | |
Marie Toulantis
|
| | | | 36,745 | | | | | | 16,920 | | |
All current directors and executive officers of the Company as a group
|
| | | | 249,642 | | | | | | 118,440 | | |
|
Class I directors
terms expiring at the 2021 annual meeting of stockholders |
| |
Class II directors
terms expiring at the Annual Meeting |
| |
Class III directors
terms expiring at the 2020 annual meeting of stockholders |
|
|
Patricia Bender
|
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Richard Emmett
|
| |
Philip F. Bleser
|
|
|
Joseph O’Leary
|
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Richard Kunes
|
| |
Martyn Redgrave
|
|
|
Marie Toulantis
|
| | |
Director
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Nominating and
Corporate Governance Committee |
| | ||
Patricia Bender
|
| | | | |
|
| |
|
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Philip F. Bleser
|
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|
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|
| | | | | | |
Richard Emmett
|
| |
|
| |
|
| | | | | ||
Richard Kunes
|
| | | | | | | |
|
| | ||
Joseph O’Leary
|
| | | | |
|
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|
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Martyn Redgrave
|
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|
| | | | |
|
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Marie Toulantis
|
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|
| | | | |
|
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Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock Awards
($)(1)(2) |
| |
Total
($) |
| |||||||||
Patricia Bender
|
| | | | 50,000 | | | | | | 99,997 | | | | | | 149,997 | | |
Philip Bleser
|
| | | | 50,000 | | | | | | 99,997 | | | | | | 149,997 | | |
Richard Emmett
|
| | | | 60,000 | | | | | | 99,997 | | | | | | 159,997 | | |
Laurie Ann Goldman(3)
|
| | | | 50,000 | | | | | | 99,997 | | | | | | 149,997 | | |
Richard Kunes
|
| | | | 75,000 | | | | | | 99,997 | | | | | | 174,997 | | |
Joseph O’Leary
|
| | | | 50,000 | | | | | | 99,997 | | | | | | 149,997 | | |
Martyn Redgrave
|
| | | | 65,000 | | | | | | 99,997 | | | | | | 164,997 | | |
Marie Toulantis
|
| | | | 57,500 | | | | | | 99,997 | | | | | | 157,437 | | |
Director
|
| |
Aggregate Number of
Outstanding Restricted Shares as of February 2, 2019 |
| |
Aggregate Number of
Outstanding Stock Options as of February 2, 2019 |
| ||||||
Patricia Bender
|
| | | | 16,920 | | | | | | 44,673 | | |
Philip Bleser
|
| | | | 16,920 | | | | | | — | | |
Richard Emmett
|
| | | | 16,920 | | | | | | 69,049 | | |
Laurie Ann Goldman(3)
|
| | | | — | | | | | | — | | |
Richard Kunes
|
| | | | 16,920 | | | | | | 70,603 | | |
Joseph O’Leary
|
| | | | 16,920 | | | | | | 30,384 | | |
Martyn Redgrave
|
| | | | 16,920 | | | | | | 12,340 | | |
Marie Toulantis
|
| | | | 16,920 | | | | | | 39,049 | | |
Name
|
| |
Title
|
|
Steven P. Lawrence | | | Former President and Chief Executive Officer | |
Kelly M. Dilts | | | Executive Vice President, Chief Financial Officer | |
Marc G. Schuback | | | Former Senior Vice President, General Counsel and Corporate Secretary (Mr. Schuback was appointed to these positions effective March 20, 2018. He resigned from these positions effective April 20, 2019.) | |
| Anthropologie Group(1) | | | New York & Company Inc. | |
| The Buckle, Inc. | | | Tilly’s, Inc. | |
| The Cato Corporation | | | Vera Bradley, Inc. | |
| Christopher & Banks Corporation | | | Zumiez, Inc. | |
| Destination Maternity Corporation | | |
Name
|
| |
Annual
Base Salary |
| |||
Steven P. Lawrence
|
| | | $ | 775,000 | | |
Kelly M. Dilts
|
| | | $ | 380,000 | | |
Marc G. Schuback
|
| | | $ | 340,000 | | |
Performance Level
|
| |
Net Sales Growth
|
| |
Operating Margin
|
| |
Payout
Percentage |
| |||
Below Threshold
|
| |
Less than 4.8%
|
| |
Less than 3.7%
|
| | | | 0% | | |
Threshold
|
| |
4.8%
|
| |
3.7%
|
| | | | 25% | | |
Target
|
| |
7.8%
|
| |
6.5%
|
| | | | 100% | | |
Maximum
|
| |
10.8% or more
|
| |
9.3% or more
|
| | | | 150% | | |
Name
|
| |
Restricted
Stock Award |
| |||
Steven P. Lawrence
|
| | | $ | 1,500,000 | | |
Kelly Dilts
|
| | | $ | 500,000 | | |
Marc Schuback
|
| | | $ | 330,000 | | |
Performance Level for Metric
|
| |
Vesting Percentage
for That Metric |
| |||
Below Threshold
|
| | | | 0% | | |
Threshold
|
| | | | 75% | | |
Target
|
| | | | 100% | | |
At or Above Maximum
|
| | | | 150% | | |
Performance Level
|
| |
Net Sales CAGR
|
| |
EPS CAGR
|
| |
ROIC
|
| |
Vesting
Percentage |
| |||
Below Threshold
|
| |
Less than 14.0%
|
| |
Less than 14.0%
|
| |
Less than 38.0%
|
| | | | 0% | | |
Threshold
|
| |
14.0%
|
| |
14.0%
|
| |
38.0%
|
| | | | 75% | | |
Target
|
| |
16.0%
|
| |
20.0%
|
| |
42.1%
|
| | | | 100% | | |
Maximum
|
| |
18.0% or more
|
| |
26.0% or more
|
| |
46.2% or more
|
| | | | 150% | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(5) |
| |
Stock
Awards ($)(6)(7) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($)(8) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($)(9) |
| |
Total
($) |
| ||||||||||||||||||||||||
Steven P. Lawrence,
Former President and Chief Executive Officer(1) |
| |
2018
|
| | | | 775,000 | | | | | | — | | | | | | 1,499,998 | | | | | | — | | | | | | — | | | | | | — | | | | | | 71,752 | | | | | | 2,346,750 | | |
|
2017
|
| | | | 775,000 | | | | | | — | | | | | | 1,499,987 | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,977 | | | | | | 2,288,964 | | | ||
|
2016
|
| | | | 238,462 | | | | | | 300,000 | | | | | | 1,981,602 | | | | | | — | | | | | | 154,373 | | | | | | — | | | | | | 5,033 | | | | | | 2,679,470 | | | ||
Kelly M. Dilts
Executive Vice President, Chief Financial Officer(2) |
| |
2018
|
| | | | 380,000 | | | | | | — | | | | | | 499,996 | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,577 | | | | | | 891,573 | | |
|
2017
|
| | | | 358,154 | | | | | | — | | | | | | 499,996 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,106 | | | | | | 867,256 | | | ||
|
2016
|
| | | | 275,962 | | | | | | — | | | | | | 502,658 | | | | | | — | | | | | | 89,816 | | | | | | — | | | | | | 2,692 | | | | | | 871,128 | | | ||
Marc G. Schuback
Former Senior Vice President, General Counsel and Corporate Secretary(3) |
| |
2018
|
| | | | 292,923 | | | | | | — | | | | | | 329,998 | | | | | | — | | | | | | — | | | | | | — | | | | | | 79,708 | | | | | | 702,629 | | |
| | |
Aggregate Grant Date Fair Value of Performance Awards
|
| |||||||||||||||||||||||||||||||||
| | |
Fiscal Year 2016
|
| |
Fiscal Year 2017
|
| |
Fiscal Year 2018
|
| |||||||||||||||||||||||||||
Name
|
| |
Based on
Probable Outcome as of the Grant Date |
| |
Based on
Maximum Performance |
| |
Based on
Probable Outcome as of the Grant Date |
| |
Based on
Maximum Performance |
| |
Based on
Probable Outcome as of the Grant Date |
| |
Based on
Maximum Performance |
| ||||||||||||||||||
Steven P. Lawrence
|
| | | $ | 458,889 | | | | | $ | 688,333 | | | | | $ | 974,981 | | | | | $ | 1,462,463 | | | | | $ | 749,997 | | | | | $ | 1,124,995 | | |
Kelly M. Dilts
|
| | | $ | 352,658 | | | | | $ | 528,987 | | | | | $ | 324,983 | | | | | $ | 487,466 | | | | | $ | 249,996 | | | | | $ | 374,994 | | |
Marc G. Schuback
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 164,999 | | | | | $ | 247,496 | | |
Name
|
| |
401(k) Matching
Contributions ($) |
| |
Relocation
Benefit ($) |
| |
Payment of Accrued
Paid Time Off Upon Resignation ($) |
| |
Total
($) |
| ||||||||||||
Steven P. Lawrence
|
| | | | 10,193 | | | | | | — | | | | | | 61,559 | | | | | | 71,752 | | |
Kelly M. Dilts
|
| | | | 11,577 | | | | | | — | | | | | | — | | | | | | 11,577 | | |
Marc G. Schuback
|
| | | | 4,708 | | | | | | 75,000 | | | | | | — | | | | | | 79,708 | | |
Name
|
| |
Grant
Date |
| |
Approval
Date |
| |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payouts Under
Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise
or Base Price of Option Awards ($/Sh) |
| |
Grant Date
Fair Value of Stock and Option Awards ($)(2) |
| ||||||||||||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Steven P. Lawrence
|
| | | | N/A | | | | | | N/A | | | | | | 193,750 | | | | | | 775,000 | | | | | | 1,162,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | 117,924 | | | | | | 157,232 | | | | | | 235,848 | | | | | | — | | | | | | — | | | | | | — | | | | | | 749,997 | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 157,233 | | | | | | — | | | | | | — | | | | | | 750,001 | | |
Kelly M. Dilts
|
| | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | N/A | | | | | | N/A | | | | | | 47,500 | | | | | | 190,000 | | | | | | 285,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | 39,307 | | | | | | 52,410 | | | | | | 78,615 | | | | | | — | | | | | | — | | | | | | — | | | | | | 249,996 | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 52,411 | | | | | | — | | | | | | — | | | | | | 250,000 | | |
Marc G. Schuback
|
| | | | N/A | | | | | | N/A | | | | | | 34,000 | | | | | | 136,000 | | | | | | 204,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,943 | | | | | | 34,591 | | | | | | 51,886 | | | | | | — | | | | | | — | | | | | | — | | | | | | 164,999 | | |
| | | | | 3/20/2018 | | | | | | 3/20/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 34,591 | | | | | | — | | | | | | — | | | | | | 164,999 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| |||||||||||||||||||||||||||
Steven P. Lawrence(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,867(3) | | | | | | 9,128 | | | | | | 20,179(4) | | | | | | 16,950 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 52,411(5) | | | | | | 44,025 | | | | | | 52,410(6) | | | | | | 44,024 | | |
Marc G. Schuback
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 34,591(5) | | | | | | 29,056 | | | | | | 34,591(6) | | | | | | 29,056 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($)(1) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(2) |
| ||||||||||||
Steven P. Lawrence
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | | | | | 10,917 | | | | | | 69,978 | | |
Marc G. Schuback
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Executive
|
| |
Cash
Severance ($)(1) |
| |
Equity
Vesting ($)(2)(3) |
| |
Total
($) |
| |||||||||
Kelly M. Dilts
|
| | | | 380,000 | | | | | | — | | | | | | 380,000 | | |
Marc G. Schuback
|
| | | | 340,000 | | | | | | — | | | | | | 340,000 | | |
Executive(1)
|
| |
Equity
Vesting ($)(2) |
| |||
Kelly M. Dilts
|
| | | | 88,153 | | |
Marc G. Schuback
|
| | | | 48,427 | | |
Plan Category
|
| |
Number of shares
of common stock to be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted-average
exercise price of outstanding options, warrants and rights |
| |
Number of shares
of common stock remaining available for future issuance under equity compensation plans (excluding shares reflected in the first column) |
| |||||||||
Equity compensation plans approved by stockholders
|
| | | | 291,598(1) | | | | | $ | 14.24 | | | | | | 1,490,281(2)(3) | | |
Equity compensation plans not approved by stockholders
|
| | | | — | | | | | | — | | | | | | — | | |
| | |
Fiscal year ended
|
| |||||||||
| | |
February 2, 2019
|
| |
February 3, 2018
|
| ||||||
Audit Fees(1)
|
| | | $ | 1,004,800 | | | | | $ | 909,500 | | |
Audit-Related Fees(2)
|
| | | | — | | | | | | 23,392 | | |
Tax Fees
|
| | | | — | | | | | | — | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 1,004,800 | | | | | $ | 932,892 | | |
|
| | | | By Order of the Board of Directors, | |
| | | |
|
|
| Houston, Texas May [ ], 2019 |
| | Michael Prendergast Interim Chief Executive Officer |
|