| |
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS
FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 31, 2018. The Proxy Statement and the 2017 Annual Report to Stockholders are available at http://materials.proxyvote.com/351793 |
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Name of Beneficial Owner
|
| |
Shares
Beneficially Owned(1) |
| |
Percent of
Shares(1) |
| ||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Steven P. Lawrence(4)
|
| | | | 10,000 | | | | | | * | | |
Kelly M. Dilts(4)
|
| | | | 2,000 | | | | | | * | | |
Kal Malik(2)
|
| | | | 38,058 | | | | | | * | | |
Laurie Hummel(3)
|
| | | | 20,812 | | | | | | * | | |
Patricia Bender(4)
|
| | | | 55,594 | | | | | | * | | |
Philip F. Bleser(4)
|
| | | | 8,690 | | | | | | * | | |
Richard Emmett(4)
|
| | | | 86,064 | | | | | | * | | |
Richard Kunes(4)
|
| | | | 89,293 | | | | | | * | | |
Laurie Ann Goldman(4)
|
| | | | 38,652 | | | | | | * | | |
Joseph O’Leary(4)
|
| | | | 38,652 | | | | | | * | | |
Martyn Redgrave(4)
|
| | | | 43,369 | | | | | | * | | |
Marie Toulantis(4)
|
| | | | 51,064 | | | | | | * | | |
All persons who are directors and executive officers of the Company as a group (11 persons)(4)
|
| | | | 423,378 | | | | | | 1.2% | | |
5% Stockholders: | | | | | | | | | | | | | |
BlackRock, Inc.(5)
55 East 52nd Street New York, New York 10055 |
| | | | 4,728,350 | | | | | | 13.1% | | |
Daruma Capital Management LLC(6)
626 King Avenue Bronx, New York 10464 |
| | | | 3,113,825 | | | | | | 8.6% | | |
Paradigm Capital Management, Inc.(7)
Nine Elk Street Albany, New York 12207 |
| | | | 3,089,200 | | | | | | 8.6% | | |
The Vanguard Group, Inc.(8)
100 Vanguard Blvd. Malvern, Pennsylvania 19355 |
| | | | 2,053,141 | | | | | | 5.7% | | |
Dimensional Fund Advisors LP(9)
Building One 6300 Bee Cave Road Austin, Texas 78746 |
| | | | 1,859,060 | | | | | | 5.2% | | |
Name
|
| |
Stock Options
|
| |
Restricted Stock
|
| ||||||
Steven P. Lawrence
|
| | | | — | | | | | | — | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | |
Kal Malik
|
| | | | — | | | | | | — | | |
Laurie Hummel
|
| | | | — | | | | | | — | | |
Patricia Bender
|
| | | | 34,255 | | | | | | 7,855 | | |
Philip F. Bleser
|
| | | | — | | | | | | 7,855 | | |
Richard Emmett
|
| | | | 58,631 | | | | | | 7,855 | | |
Richard Kunes
|
| | | | 61,438 | | | | | | 7,855 | | |
Laurie Ann Goldman
|
| | | | 21,219 | | | | | | 7,855 | | |
Joseph O’Leary
|
| | | | 21,219 | | | | | | 7,855 | | |
Martyn Redgrave
|
| | | | 4,936 | | | | | | 7,855 | | |
Marie Toulantis
|
| | | | 28,631 | | | | | | 7,855 | | |
All persons who are directors and executive officers of the Company as a group
|
| | | | 230,329 | | | | | | 62,480 | | |
|
Class I directors
terms expiring at the Annual Meeting |
| |
Class II directors
terms expiring at the 2019 annual meeting of stockholders |
| |
Class III directors
terms expiring at the 2020 annual meeting of stockholders |
|
|
Patricia Bender
|
| |
Richard Emmett
|
| |
Philip F. Bleser
|
|
|
Joseph O’Leary
|
| |
Richard Kunes
|
| |
Laurie Ann Goldman
|
|
|
Marie Toulantis
|
| |
Steven P. Lawrence
|
| |
Martyn Redgrave
|
|
Director
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Nominating and
Corporate Governance Committee |
|
Patricia Bender | | | | | |
|
| |
|
|
Philip F. Bleser | | |
|
| |
|
| | | |
Richard Emmett | | |
|
| |
|
| | | |
Laurie Ann Goldman | | |
|
| |
|
| | | |
Richard Kunes | | | | | | | | |
|
|
Steven P. Lawrence | | | | | | | | | | |
Joseph O’Leary | | | | | |
|
| |
|
|
Martyn Redgrave | | |
|
| | | | |
|
|
Marie Toulantis | | |
|
| | | | |
|
|
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock Awards
($)(1)(2) |
| |
Total
($) |
| |||||||||
Patricia Bender
|
| | | | 50,000 | | | | | | 99,994 | | | | | | 149,994 | | |
Philip Bleser(3)
|
| | | | 56,164 | | | | | | 112,310 | | | | | | 168,474 | | |
Richard Emmett
|
| | | | 60,000 | | | | | | 99,994 | | | | | | 159,994 | | |
Laurie Ann Goldman
|
| | | | 50,000 | | | | | | 99,994 | | | | | | 149,994 | | |
Richard Kunes
|
| | | | 75,000 | | | | | | 99,994 | | | | | | 174,994 | | |
Joseph O’Leary
|
| | | | 50,000 | | | | | | 99,994 | | | | | | 149,994 | | |
Martyn Redgrave
|
| | | | 65,000 | | | | | | 99,994 | | | | | | 164,994 | | |
Marie Toulantis
|
| | | | 57,500 | | | | | | 99,994 | | | | | | 157,494 | | |
Director
|
| |
Aggregate Number of
Outstanding Restricted Shares as of February 3, 2018 |
| |
Aggregate Number of
Outstanding Stock Options as of February 3, 2018 |
| ||||||
Patricia Bender
|
| | | | 7,855 | | | | | | 44,673 | | |
Philip Bleser
|
| | | | 7,855 | | | | | | — | | |
Richard Emmett
|
| | | | 7,855 | | | | | | 69,049 | | |
Laurie Ann Goldman
|
| | | | 7,855 | | | | | | 30,384 | | |
Richard Kunes
|
| | | | 7,855 | | | | | | 70,603 | | |
Joseph O’Leary
|
| | | | 7,855 | | | | | | 30,384 | | |
Martyn Redgrave
|
| | | | 7,855 | | | | | | 12,340 | | |
Marie Toulantis
|
| | | | 7,855 | | | | | | 39,049 | | |
Name
|
| |
Title
|
|
Steven P. Lawrence | | | President and Chief Executive Officer | |
Kelly M. Dilts | | | Executive Vice President, Chief Financial Officer | |
Kal Malik | | | Former Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary (Mr. Malik departed from these positions effective December 31, 2017) | |
Laurie Hummel | | | Former Executive Vice President, Chief Merchandising Officer of Francesca’s Services Corporation (Ms. Hummel departed from these positions effective August 20, 2017) | |
| 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 | | |
Performance Level
|
| |
Net Sales Growth
|
| |
Operating Margin
|
| |
Payout
Percentage |
| |||
Below Threshold
|
| |
Less than 9.7%
|
| |
Less than 11.0%
|
| | | | 0% | | |
Threshold
|
| |
9.7%
|
| |
11.0%
|
| | | | 25% | | |
Target
|
| |
12.7%
|
| |
13.8%
|
| | | | 100% | | |
Maximum
|
| |
15.7% or more
|
| |
16.6% or more
|
| | | | 150% | | |
Name
|
| |
Restricted
Stock Award |
| |||
Steven P. Lawrence
|
| | | $ | 1,500,000 | | |
Kelly Dilts
|
| | | $ | 500,000 | | |
Kal Malik
|
| | | $ | 500,000(1) | | |
Laurie Hummel
|
| | | $ | 500,000(1) | | |
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 Growth
|
| |
EPS
|
| |
Vesting
Percentage |
| |||
Below Threshold
|
| |
Less than 9.7%
|
| |
Less than $1.00
|
| | | | 0% | | |
Threshold
|
| |
9.7%
|
| |
$1.00
|
| | | | 75% | | |
Target
|
| |
12.7%
|
| |
$1.25
|
| | | | 100% | | |
Maximum
|
| |
15.7% or more
|
| |
$1.50 or more
|
| | | | 150% | | |
Name
|
| |
Restricted
Stock Award |
| |||
Steven P. Lawrence
|
| | | $ | 1,500,000 | | |
Kelly M. Dilts
|
| | | $ | 500,000 | | |
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,
President and Chief Executive Officer(1) |
| |
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) |
| |
2017
|
| | | | 358,154 | | | | | | — | | | | | | 499,996 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,106 | | | | | | 867,256 | | |
|
2016
|
| | | | 275,962 | | | | | | — | | | | | | 502,658 | | | | | | — | | | | | | 89,816 | | | | | | — | | | | | | 2,692 | | | | | | 871,128 | | | ||
Kal Malik
Former Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary(3) |
| |
2017
|
| | | | 395,782 | | | | | | — | | | | | | 667,440 | | | | | | — | | | | | | — | | | | | | — | | | | | | 81,827 | | | | | | 1,145,049 | | |
|
2016
|
| | | | 404,519 | | | | | | — | | | | | | 1,005,743 | | | | | | — | | | | | | 132,637 | | | | | | — | | | | | | 10,412 | | | | | | 1,553,311 | | | ||
|
2015
|
| | | | 383,798 | | | | | | — | | | | | | 323,453 | | | | | | — | | | | | | 181,415 | | | | | | — | | | | | | 25,083 | | | | | | 913,749 | | | ||
Laurie Hummel
Former Executive Vice President, Chief Merchandising Officer(4) |
| |
2017
|
| | | | 301,312 | | | | | | — | | | | | | 499,996 | | | | | | — | | | | | | — | | | | | | — | | | | | | 198,803 | | | | | | 1,000,111 | | |
|
2016
|
| | | | 460,000 | | | | | | — | | | | | | 499,987 | | | | | | — | | | | | | 150,651 | | | | | | — | | | | | | 27,163 | | | | | | 1,137,801 | | | ||
|
2015
|
| | | | 88,462 | | | | | | — | | | | | | 263,022 | | | | | | — | | | | | | — | | | | | | — | | | | | | 89,417 | | | | | | 440,901 | | |
| | |
Aggregate Grant Date Fair Value of Performance Awards
|
| |||||||||||||||||||||||||||||||||
| | |
Fiscal Year 2015
|
| |
Fiscal Year 2016
|
| |
Fiscal Year 2017
|
| |||||||||||||||||||||||||||
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 | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | | | | $ | 352,658 | | | | | $ | 528,987 | | | | | $ | 324,983 | | | | | $ | 487,466 | | |
Kal Malik
|
| | | $ | 323,463 | | | | | $ | 485,180 | | | | | $ | 855,743 | | | | | $ | 1,283,605 | | | | | $ | 492,426 | | | | | $ | 738,624 | | |
Laurie Hummel
|
| | | | — | | | | | | — | | | | | $ | 499,987 | | | | | $ | 749,980 | | | | | $ | 324,983 | | | | | $ | 487,466 | | |
All Other Compensation During Fiscal Year 2017
|
| ||||||||||||||||||
Name
|
| |
401(k) Matching
Contributions ($) |
| |
Severance(a)
($) |
| |
Total
($) |
| |||||||||
Steven P. Lawrence
|
| | | | 13,977 | | | | | | — | | | | | | 13,977 | | |
Kelly M. Dilts
|
| | | | 9,106 | | | | | | — | | | | | | 9,106 | | |
Kal Malik
|
| | | | 10,635 | | | | | | 71,192 | | | | | | 81,827 | | |
Laurie Hummel
|
| | | | 8,075 | | | | | | 190,728 | | | | | | 198,803 | | |
Name
|
| |
Grant
Date |
| |
Approval
Date |
| |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payouts Under
Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise
or Base Price of Option Awards ($/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 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/14/2017(3) | | | | | | 3/14/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | 45,404 | | | | | | 60,539 | | | | | | 90,808 | | | | | | 32,599 | | | | | | — | | | | | | — | | | | | | 1,499,987 | | |
Kelly M. Dilts
|
| | | | N/A | | | | | | N/A | | | | | | 45,010 | | | | | | 180,041 | | | | | | 270,061 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/14/2017(3) | | | | | | 3/14/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,134 | | | | | | 20,179 | | | | | | 30,268 | | | | | | 10,867 | | | | | | — | | | | | | — | | | | | | 499,996 | | |
Kal Malik(5)
|
| | | | N/A | | | | | | N/A | | | | | | 51,875 | | | | | | 207,500 | | | | | | 311,250 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/14/2017(3) | | | | | | 3/14/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,134 | | | | | | 20,179 | | | | | | 30,268 | | | | | | 10,867 | | | | | | — | | | | | | — | | | | | | 499,996 | | |
| | | | | 3/14/2017(4) | | | | | | 3/14/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,797 | | | | | | 10,397 | | | | | | 15,595 | | | | | | — | | | | | | — | | | | | | — | | | | | | 167,444 | | |
Laurie Hummel(5)
|
| | | | N/A | | | | | | N/A | | | | | | 59,125 | | | | | | 236,500 | | | | | | 354,750 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 3/14/2017(3) | | | | | | 3/14/2017 | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,134 | | | | | | 20,179 | | | | | | 30,268 | | | | | | 10,867 | | | | | | — | | | | | | — | | | | | | 499,996 | | |
| | |
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 ($)(1) |
| |||||||||||||||||||||||||||
Steven P. Lawrence
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | 27,380(2) | | | | | | 151,138 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 60,569(3) | | | | | | 334,341 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 32,599(4) | | | | | | 179,946 | | | | | | 60,539(5) | | | | | | 334,175 | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | 19,042(2) | | | | | | 105,112 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,917(6) | | | | | | 60,262 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,867(4) | | | | | | 59,986 | | | | | | 20,179(5) | | | | | | 111,388 | | |
Kal Malik
|
| | | | 100,000 | | | | | | — | | | | | | — | | | | | | 26.58 | | | | | | 3/31/2018 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Laurie Hummel
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($)(1) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(2) |
| ||||||||||||
Steven P. Lawrence
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kelly M. Dilts
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kal Malik
|
| | | | 25,550 | | | | | | 47,268 | | | | | | 52,273 | | | | | | 559,875 | | |
Laurie Hummel
|
| | | | — | | | | | | — | | | | | | 5,909 | | | | | | 41,540 | | |
Executive
|
| |
Cash
Severance ($)(1) |
| |
Equity
Vesting ($)(2)(3) |
| |
Total
($) |
| |||||||||
Steven P. Lawrence
|
| | | | 775,000 | | | | | | 43,073 | | | | | | 818,073 | | |
Kelly M. Dilts
|
| | | | 380,000 | | | | | | 20,568 | | | | | | 400,568 | | |
Executive(1)
|
| |
Equity
Vesting ($)(2) |
| |||
Steven P. Lawrence
|
| | | | 829,032 | | |
Kelly M. Dilts
|
| | | | 249,521 | | |
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
|
| | | | 431,982(1) | | | | | $ | 17.70 | | | | | | 1,931,844(2)(3) | | |
Equity compensation plans not approved by stockholders
|
| | | | — | | | | | | — | | | | | | — | | |
| | |
Fiscal year ended
|
| |||||||||
| | |
February 3, 2018
|
| |
January 28, 2017
|
| ||||||
Audit Fees(1)
|
| | | $ | 909,500 | | | | | $ | 815,300 | | |
Audit-Related Fees(2)
|
| | | | 23,392 | | | | | | 16,000 | | |
Tax Fees(3)
|
| | | | — | | | | | | 174,452 | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 932,892 | | | | | $ | 1,005,752 | | |
|
| | | | By Order of the Board of Directors, | |
| | | |
|
|
| Houston, Texas April 20, 2018 |
| | Marc G. Schuback Senior Vice President, General Counsel and Secretary |
|