Exhibit 3.1
AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION
OF
THE CHILDREN’S PLACE RETAIL STORES,
INC.
(Pursuant to Section 242 and 245 of the
General Corporation Law of the State
of Delaware)
THE CHILDREN’S PLACE RETAIL STORES,
INC. (the “Corporation”), a corporation organized and existing under and by virtue of the provisions of the General
Corporation Law of the State of Delaware (the “General Corporation Law”), DOES HEREBY CERTIFY:
1. That
the name of the Corporation is THE CHILDREN’S PLACE RETAIL STORES, INC.; the Corporation was originally incorporated under
the name “The Children's Place Retail Stores II, Inc.” pursuant to General Corporation Law and the Corporation’s
original certificate of incorporation was filed with the Secretary of State of Delaware on June 3, 1988. The Corporation’s
certificate of incorporation was subsequently amended by a certificate of merger on July 29, 1988, and pursuant to such amendment,
the Corporation was renamed “The Children’s Place Retail Stores, Inc.” The Corporation’s certificate of
incorporation was subsequently amended and restated on each of June 28, 1996, December 31, 1996, September 18, 1997 and July 29,
2008.
2. That
the Board of Directors duly adopted resolutions proposing to amend and restate the Corporation’s certificate of incorporation,
declaring said amendment and restatement to be advisable and in the best interests of the Corporation and its stockholders, and
authorizing the appropriate officers of the Corporation to solicit the consent of the stockholders therefor.
3. That
this Amended and Restated Certificate of Incorporation, which restates and integrates and further amends the provisions of the
Corporation’s certificate of incorporation, was duly adopted by the board of directors and stockholders of the Corporation
in accordance with Sections 242 and 245 of the General Corporation Law.
4. That
the Corporation’s certificate of incorporation be amended and restated in its entirety to read as follows:
ARTICLE ONE
The name of the corporation is THE CHILDREN’S
PLACE, INC. (the “Corporation”).
ARTICLE TWO
The address of the Corporation’s registered
office in the State of Delaware is 2711 Centerville Road, Suite 400, in the city of Wilmington, County of New Castle. The name
of its registered agent at such address is Corporation Service Company.
ARTICLE THREE
The nature of the business and of the purposes
to be conducted and promoted by the Corporation are to conduct any lawful business, to promote any lawful purpose and to engage
in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of Delaware.
ARTICLE FOUR
The Corporation shall have authority, to
be exercised by the Board of Directors, to issue (i) 100,000,000 shares of common stock of the par value of $0.10 per share (the
“Common Stock”) and (ii) 1,000,000 shares of preferred stock of the par value of $1.00 per share (the “Preferred
Stock”). The Preferred Stock may be issued (A) in one or more series and with such designations, powers, preferences, rights,
and such qualifications, limitations or restrictions thereof, as the Board of Directors shall fix by resolution or resolutions
which are permitted by Section 151 of the General Corporation Law of the State of Delaware for any such series of Preferred Stock,
and (B) in such number of shares in each such series as the Board of Directors shall, by resolution, fix, provided that the aggregate
number of all shares of Preferred Stock issued shall not exceed the number of shares of Preferred Stock authorized hereby.
Each holder of Common Stock shall at every
meeting of stockholders of the Corporation be entitled to one vote in person or by proxy on each matter submitted to a vote of
stockholders for each share of Common Stock held by such holder as of the record date for such meeting. Subject to the rights,
if any, of the holders of the Preferred Stock, the holders of the Common Stock shall be entitled to the entire voting power, all
dividends declared and paid by the Corporation and all assets of the Corporation available for distribution to stockholders in
the event of any liquidation, dissolution or winding up the Corporation.
ARTICLE FIVE
The following provisions (labeled clauses
(i), (ii), (iii) and (iv)) shall together constitute the “first paragraph” of this ARTICLE FIVE:
(i) The
number of directors which shall constitute the whole Board of Directors of the Corporation shall be not less than three nor more
than 12 and the exact number shall be fixed from time to time by the Board of Directors pursuant to a resolution adopted by a majority
of the directors then in office; provided, however, that such maximum number of directors may be increased from time to time to
reflect the rights, if any, of holders of Preferred Stock to elect directors in accordance with the terms of the resolution or
resolutions adopted by the Board of Directors providing for the issue of such shares of Preferred Stock. The number of directors
may be increased or decreased only by action of the Board of Directors.
(ii) Until
the annual meeting of stockholders to be held in 2017, the directors, other than those who may be elected by the holders of any
series of Preferred Stock, will be classified with respect to the time for which they severally hold office into three classes,
as nearly equal in number as possible, designated Class I, Class II and Class III. The directors first appointed to Class I will
hold office for a term expiring at the annual meeting of stockholders of the Corporation to be held in 1998; the directors first
appointed to Class II will hold office for a term expiring at the annual meeting of stockholders of the Corporation to be held
in 1999; and the directors first appointed to Class III will hold office for a term expiring at the annual meeting of stockholders
of the Corporation to be held in 2000, with the members of each class to hold office until their successors are elected and qualified.
At each succeeding annual meeting of the stockholders of the Corporation held prior to the annual meeting of stockholders in 2015,
the successors of the class of directors whose terms expire at that meeting will be elected to hold office for a term expiring
at the annual meeting of stockholders to be held in the third year following the year of their election and until their successors
are elected and qualified. At the annual meetings of stockholders to be the annual meeting held in 2015 and 2016, directors elected
to succeed those directors whose terms then expire shall be elected at such meeting to hold office for a term expiring at the annual
meeting of stockholders to be held in 2017 and shall hold office until their respective successors are duly elected and qualified,
subject to their earlier death, resignation, retirement or removal from service as a director.
(iii) Commencing
with the annual meeting of stockholders to be held in 2017, the classification of the Board of Directors set forth in clause (ii)
above shall cease. At the annual meeting of stockholders to be held in 2017 and at each annual meeting of stockholders thereafter,
each nominee for director shall stand for election to a one-year term expiring at the next annual meeting of stockholders and shall
hold office until their respective successors are duly elected and qualified, subject to their earlier death, resignation, retirement
or removal from service as a director.
(iv)
Election of directors of the Corporation need not be by written ballot unless requested by the Chairman of the Board of Directors
or by the holders of a majority of the voting power of the outstanding shares of stock entitled to vote in the election of directors
and present in person or represented by proxy at a meeting of the stockholders at which directors are to be elected.
Subject to the rights, if any, of the holders
of any Preferred Stock with respect to the election of directors, directors shall be elected by a majority of votes cast by the
shares present at a meeting of stockholders and entitled to vote on the election of directors at such meeting, a quorum being present
at such meeting, unless the election is contested, in which case directors shall be elected by a plurality of votes cast by the
shares present at such meeting. A “majority of votes cast” means that the number of votes cast “for” the
election of the nominee exceeds 50% of the total number of votes cast “for” or “against” the election of
that nominee. A “contested election” shall mean an election at which the number of nominees for election as director
is greater than the number of directors to be elected. For purposes hereof, the number of nominees shall be determined as of the
last date on which a stockholder in accordance with the Bylaws of the Corporation may nominate a person for election as a director
in order for such nomination to be required to be presented for a vote of the stockholders. Cumulative voting shall not apply in
the election of directors and no stockholder will be permitted to accumulate votes in respect of the election of any director.
ARTICLE SIX
Subject to the rights, if any, of the holders
of any Preferred Stock, the power to fill vacancies on the Board of Directors (whether by reason of resignation, removal, death,
an increase in the number of directors or otherwise) shall be vested solely in the Board of Directors, and vacancies may be filled
by the affirmative vote of a majority of the directors then in office, even if less than a quorum, or by the sole remaining director,
unless all directorships are vacant, in which case the stockholders shall fill the then existing vacancies. Any director chosen
by the Board of Directors to fill a vacancy (including a vacancy resulting from an increase in the number of directors) shall hold
office for the remainder of the full term of the class of directors in which the vacancy occurred (or in which the new directorship
was created) and until that director’s successor shall be elected and shall have qualified. No decrease in the number of
directors constituting the Board of Directors may shorten the term of any incumbent director.
ARTICLE SEVEN
Special meetings of the stockholders of
the Corporation for any purpose or purposes may be called at any time by the Chairman of the Board of Directors or by the Secretary
of the Corporation within ten business days after receipt of written request from a majority of the total number of directors which
the Corporation would have if there were no vacancies. Such special meetings may not be called by any other person or persons.
ARTICLE EIGHT
Any action required by the General Corporation
Law of the State of Delaware to be taken at an annual or special meeting of stockholders of the Corporation, and any action which
otherwise may be taken at any annual or special meeting of stockholders of the Corporation, shall be taken only at a duly called
meeting of the stockholders of the Corporation and, notwithstanding Section 228 of the General Corporation Law of the State of
Delaware, no such action shall be taken by written consent or consents without a meeting of the stockholders of the Corporation.
ARTICLE NINE
Except as otherwise provided by law, at
any annual or special meeting of the stockholders of the Corporation, only such business shall be conducted or considered as shall
have been properly brought before the meeting. Except as otherwise provided herein, in order to have been properly brought before
the meeting, such business must have been either (A) specified in the written notice of the meeting, or any supplement thereof,
given to the stockholders of record on the record date for such meeting by or at the direction of the Board of Directors; (B) brought
before the meeting at the direction of the Chairman of the Board, the President or the Board of Directors; or (C) specified in
a written notice given by or on behalf of a stockholder of record on the record date for such meeting entitled to vote thereat
or a duly authorized proxy for such stockholder, in accordance with all requirements set forth in this Article Nine. A notice referred
to in clause (C) of the preceding sentence must be delivered personally to, or mailed to and received at, the principal executive
office of the Corporation, addressed to the attention of the Secretary, not less than 45 days nor more than 60 days prior to the
meeting; provided, however, that in the event that less than 55 days’ notice or prior public disclosure of the date of the
meeting was given or made to stockholders, notice by the stockholder to be timely must be so received not later than the close
of business on the tenth day following the day on which such notice of the date of the meeting was mailed or such public disclosure
was made, whichever first occurred. Such noticed referred to in clause (C) of the second sentence of this Article Nine shall set
forth: (i) a full description of each such item of business proposed to be brought before the meeting and the reasons for conducting
such business at such meeting; (ii) the name and address of the person proposing to bring such business before the meeting; (iii)
the class and number of shares held of record, held beneficially and represented by proxy by such person as of the record date
for the meeting (if such date has then been made publicly available) and as of the date of such notice; (iv) if any item of such
business involves a nomination for director, all information regarding each such nominee that would be required to be set forth
in a definitive proxy statement filed with the Securities and Exchange Commission (the “Commission”) pursuant to Section
14 of the Securities Act of 1934, as amended, or any successor thereto (the “Exchange Act”), and the written consent
of each such nominee to serve if elected; (v) any material interest of the stockholder in such item of business; and (vi) all other
information that would be required to be filed with the Commission if, with respect to the business proposed to be brought before
the meeting, the person proposing such business was a participant in a solicitation subject to Section 14 of the Exchange Act.
No business shall be brought before any meeting of stockholders of the Corporation otherwise than as provided in this Article Nine.
The Board of Directors may require a proposed nominee for director to furnish such other information as may be required to be set
forth in a stockholder’s notice of nomination which pertains to the nominee or which may be reasonably required to determine
the eligibility of such proposed nominee to serve as a director of the Corporation. The chairman of the meeting may, if the facts
warrant, determine that a nomination or stockholder proposal was not made in accordance with the foregoing procedure, and if the
chairman should so determine, the chairman shall so declare to the meeting and the defective nomination or proposal shall be disregarded.
ARTICLE TEN
The Bylaws of the Corporation, as amended
and restated on the date hereof, are hereby adopted by the Board of Directors. In furtherance and not in limitation of the powers
conferred by statute, the Board of Directors is expressly authorized to make, repeal, alter, amend and rescind the Bylaws of the
Corporation, by the affirmative vote of a majority of the total number of directors which the Corporation would have if there were
no vacancies.
Notwithstanding anything contained in this
Certification of Incorporation to the contrary, Sections 6(b), 6(j) and 6(l) of Article I of the Bylaws, Sections 2(b), 2(c) and
2(d) of Article II of the Bylaws and Article VI of the Bylaws may not amended or repealed by the stockholders, and no provision
inconsistent therewith may be adopted by the stockholders, without the affirmative vote of the holders of at least 75% of the voting
power of the outstanding shares of stock entitled to vote in the election of directors, voting as a single class.
ARTICLE ELEVEN
To the fullest extent that the General Corporation
Law of the State of Delaware, as it exists on the date hereof or as it may hereafter be amended, permits the limitation or elimination
of the liability of directors, no director of the Corporation shall be personally liable to the Corporation or its stockholders
for monetary damages for breach of fiduciary duty as a director. Notwithstanding the foregoing, a director shall be liable to the
extent provided by applicable law (1) for any breach of the director’s duty of loyalty to the Corporation or its stockholders,
(2) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (3) under Section
174 of the General Corporation Law of the State of Delaware or any successor provision thereto, or (4) for any transaction from
which the director derived any improper personal benefit. Neither the provisions of this Article Eleven, nor the adoption of any
provision of this Certificate of Incorporation inconsistent with this Article Eleven, shall adversely affect any right or protection
of a director of the Corporation existing at the time of such amendment, repeal or adoption.
ARTICLE TWELVE
The Corporation shall, to the fullest extent
permitted by Section 145 of the General Corporation Law of the State of Delaware, as the same may be amended and supplemented,
or by any successor provision thereto (“Section 145”), indemnify any and all persons whom it shall have power to indemnify
under Section 145 from and against any and all of the expenses, liabilities or other matters referred to in or covered by Section
145. The Corporation shall advance expenses to the fullest extent permitted by Section 145. Such right to indemnification and advancement
of expenses shall inure to the benefit of the heirs, executors and administrators of such person. The indemnification and advancement
of expenses provided for herein shall not be deemed exclusive of any other rights which any person may have or hereafter acquire
under any statue, Bylaw, agreement, vote of stockholders or disinterested directors or otherwise. Without limiting the generality
or the effect of the foregoing, the Corporation may enter into one or more agreements with any person which provide for indemnification
greater than or different from that provided in this Article Twelve or Section 145. Neither the amendment or repeal of this Article
Twelve, nor the adoption of any provision of this Certificate of Incorporation inconsistent with this Article Twelve, shall adversely
affect any right or protection of any person existing at the time of such amendment, repeal or adoption.
The Corporation shall have power to purchase
and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or
was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising
out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability under the
provisions hereof or under Section 145 of the General Corporation Law or any other applicable law.
ARTICLE THIRTEEN
Prior to the annual meeting of stockholders
to be held in 2017, subject to the rights, if any, of the holders of any Preferred Stock to elect additional directors or to remove
directors so elected, a duly elected director of the Corporation may be removed from such position by the stockholders only for
cause and only in the manner specified in this Article Thirteen. From and after the annual meeting of stockholders to be held in
2017, the stockholders may remove any duly elected director of the Corporation with or without cause in the manner specified in
this Article Thirteen. Any of the foregoing removals by stockholders may be effected only by the affirmative vote of the holders
of a majority of the voting power of the outstanding shares of stock entitled to vote in the election of directors, voting as a
single class. Except as may be provided by applicable law, cause for removal will be deemed to exist only if the director whose
removal is proposed has been convicted of a felony or adjudicated by a court of competent jurisdiction to be liable to the Corporation
or its stockholders for misconduct as a result of (a) a breach of such director’s duty of loyalty to the Corporation, (b)
any act or omission by such director not in good faith or which involves a knowing violation of law or (c) any transaction from
which such director derived an improper personal benefit, and such conviction or adjudication is no longer subject to direct appeal.
ARTICLE FOURTEEN
Whenever a compromise or arrangement is
proposed between this Corporation and its creditors or any class of them and/or between this Corporation and its stockholders or
any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of
this Corporation or any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this Corporation
under the provisions of Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any
receiver or receivers appointed for this Corporation under the provisions of Section 279 of Title 8 of the Delaware Code order
a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders, of this Corporation, as
the case may be, to be summoned in such manner as the said court directs. If a majority in number representing three-fourths in
value of the creditors or class of creditors, and/or of the stockholders or class of stockholders, of this Corporation, as the
case may be, agree to any compromise or arrangement and to any reorganization of this Corporation as a consequence of such compromise
or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said
application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders,
of this Corporation, as the case may be, and also on this Corporation.
ARTICLE FIFTEEN
Any amendment, alteration, change or repeal
of any provision contained in (i) the second paragraph of Article Five or in Article Six, Seven, Eight, Nine, Ten or this Article
Fifteen in this Certificate of Incorporation and (ii) prior to the annual meeting of stockholders to be held in 2017, Article Thirteen
of this Certificate of Incorporation, or the adoption of any provision inconsistent therewith, may be effected only by the affirmative
vote of the holders of 75% of the voting power of the outstanding shares of stock entitled to vote in the election of directors,
voting as a single class, and all rights conferred on stockholders herein are granted subject to any provision of the General Corporation
Law of the State of Delaware, as amended.
This Amended and Restated Certificate of
Incorporation was duly adopted in accordance with the provisions of Section 242 and Section 245 of the General Corporation Law
of the State of Delaware.
* * *
IN WITNESS WHEREOF, this Amended
and Restated Certificate of Incorporation has been executed by a duly authorized officer of this corporation on this 6th
day of June 2014.
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THE CHILDREN’S PLACE RETAIL STORES, INC. |
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By: |
/s/ Bradley P. Cost |
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Name: |
Bradley P. Cost |
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Title: |
Senior Vice President, General Counsel |
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and Secretary |
