UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 8, 2016
NEW YORK & COMPANY, INC.
(Exact name of registrant as specified in its charter)
DELAWARE |
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1-32315 |
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33-1031445 |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer Identification No.) |
incorporation) |
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330 West 34th Street
9th Floor
New York, New York 10001
(Address of principal executive offices, including Zip Code)
(212) 884-2000
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On November 8, 2016, New York & Company, Inc. (the Company) issued a press release announcing, among other things, that Michelle Pearlman has been named to the position of Executive Vice President, eCommerce and Chief Marketing Officer and is no longer serving as a member of the Companys board of directors, effective November 7, 2016. Ms. Pearlman has over 20 years of retail, consumer, marketing, and eCommerce focused experience. Ms. Pearlman will be responsible for the Companys eCommerce business, as well as all marketing and visual aspects of the Companys integrated omni-channel strategy and strategic initiative to further evolve as a broader lifestyle brand. Ms. Pearlman will report to Greg Scott, Chief Executive Officer, and she will serve on the Companys executive committee.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
Exhibit No. |
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Description |
99.1 |
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Press release issued on November 8, 2016 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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NEW YORK & COMPANY, INC. | |
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/s/ Sheamus Toal |
Date: November 8, 2016 |
Name: |
Sheamus Toal |
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Title: |
Executive Vice President and |
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Chief Financial Officer |
Exhibit 99.1
NEW YORK & COMPANY APPOINTS MICHELLE PEARLMAN AS
EVP, ECOMMERCE AND CHIEF MARKETING OFFICER
FINAL: FOR RELEASE
New York, New York November 8, 2016 New York & Company, Inc. [NYSE:NWY], a specialty apparel chain with 483 retail stores, today announced that Michelle Pearlman has been named to the position of Executive Vice President, eCommerce and Chief Marketing Officer, effective November 7, 2016. In acceptance of this position, Ms. Pearlman, a member of the Companys board of directors since 2011, has resigned from her duties as a director. Ms. Pearlman will be responsible for the Companys eCommerce business, as well as all marketing and visual aspects of New York & Companys integrated omni-channel strategy and strategic initiative to further evolve as a broader lifestyle brand. Ms. Pearlman will report to Greg Scott, Chief Executive Officer, and she will serve on the Companys executive committee.
We are thrilled to have Michelle join our executive leadership team. Michelle has made significant contributions to our Company as a member of the Board and we believe her vast experience and strong understanding of New York & Company make her a perfect fit for EVP, eCommerce and Chief Marketing Officer, said Greg Scott, New York & Companys CEO. Under Michelles leadership, we expect to more fully capitalize on New York & Companys differentiation in specialty retail by elevating our key assets, exclusive merchandise, sub-brands, and celebrity partnerships while furthering our strength in eCommerce.
Ms. Pearlman joins the Company with over 20 years of retail, consumer, marketing, and eCommerce focused experience. Michelle has held various leadership roles throughout her career including Senior Vice President, President of the Jewelry Business Unit, for Sears Holdings Corporation and Executive Vice President with Ann Taylor, Inc., leading the eCommerce Business Unit and direct marketing for Ann Taylor and Loft divisions. Prior to Ann Taylor, Ms. Pearlman served as an Associate Principal with McKinsey & Co. where she focused on retail and consumer products, and started her career at Procter & Gamble with various positions in sales and marketing.
I am delighted to join New York & Companys executive team and believe significant opportunity exists to further drive brand awareness, customer loyalty and sales. As a former board member, I have a unique perspective on the opportunities for New York & Company and fully believe that the Company has tremendous potential. I look forward to closely aligning our marketing with the consumer while optimizing the strength of our capabilities in eCommerce and mobile. I am excited to partner with Greg and the entire executive team to maximize sales and profitability, stated Michelle Pearlman, EVP, eCommerce and Chief Marketing Officer.
About New York & Company
New York & Company, Inc. is a specialty retailer of womens fashion apparel and accessories, and the modern wear-to-work destination for women, providing fashion that is feminine, polished, on-trend and versatile. New York & Company, Inc. helps its customers feel confident, put-together, attractive and stylish by providing affordable fashion. The Companys proprietary branded New York & Company® merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. The Company operates 483 stores in 41 states. Additionally, certain product, press release and SEC filing information concerning the Company are available at the Companys website: www.nyandcompany.com.
Investor Contact:
ICR, Inc.
(203) 682-8200
Investor: Allison Malkin
Forward-looking Statements
This press release contains certain forward-looking statements, including statements made within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Some of these statements can be identified by terms and phrases such as expect, anticipate, believe, intend, estimate, continue, could, may, plan, project, predict, and similar expressions and references to assumptions that the Company believes are reasonable and relate to its future prospects, developments and business strategies. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These include, but are not limited to: (i) market conditions impacting the Companys stock; (ii) the impact of general economic conditions and their effect on consumer confidence and spending patterns; (iii) changes in the cost of raw materials, distribution services or labor; (iv) the potential for current economic conditions to negatively impact the Companys merchandise vendors and their ability to deliver products; (v) the Companys ability to open and operate stores successfully; (vi) the Companys ability to fully recognize the potential savings identified through Project Excellence; (vii) seasonal fluctuations in the Companys business; (viii) the Companys ability to anticipate and respond to fashion trends; (ix) the Companys dependence on mall traffic for its sales; (x) competition in the Companys market, including promotional and pricing competition; (xi) the Companys ability to retain, recruit and train key personnel; (xii) the Companys reliance on third parties to manage some aspects of its business; (xiii) the Companys reliance on foreign sources of production; (xiv) the Companys ability to protect its trademarks and other intellectual property rights; (xv) the Companys ability to maintain, and its reliance on, its information technology infrastructure; (xvi) the effects of government regulation; (xvii) the control of the Company by its sponsors and any potential change of ownership of those sponsors; and (xviii) other risks and uncertainties as described in the Companys documents filed with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to revise the forward-looking statements included in this press release to reflect any future events or circumstances.