UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 19, 2021, Express, Inc. (the “Company”) announced that the Company’s Senior Vice President, Chief Financial Officer and Treasurer, Periclis Pericleous, has resigned, effective November 12, 2021, to pursue another opportunity.
The Company intends to conduct a search for a new Chief Financial Officer, and Matthew Moellering will serve as Acting Chief Financial Officer in the interim, along with his existing responsibilities. He will continue to report to Timothy Baxter, the Company’s Chief Executive Officer, and his compensation will remain unchanged. Mr. Moellering, age 55, has served as the Company’s President and Chief Operating Officer since September 2019. He also served as Interim President and Interim Chief Executive Officer from January 2019 to June 2019. Prior to his current role, he was Executive Vice President and Chief Operating Officer from 2011 to 2019; Executive Vice President, Chief Administrative Officer, Chief Financial Officer, Treasurer and Secretary from 2009 until 2011, Senior Vice President, Chief Financial Officer, Treasurer and Secretary from 2007 until 2009, and Vice President of Finance from 2006 until 2007. Before joining Express, he served in various roles with Limited Brands from 2003 until 2006, including Vice President of Financial Planning. Mr. Moellering also served in various roles with Procter and Gamble where he was employed from 1995 until 2003 and prior to that he served as an officer in the United States Army. Mr. Moellering serves on the board of directors of L.L.Bean, Inc., which is a privately held company.
A copy of the press release relating to this Item 5.02 is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release of Express, Inc., dated October 19, 2021. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXPRESS, INC. | ||||||
| Date: October 19, 2021 | /s/ Timothy Baxter | |||||
| Timothy Baxter | ||||||
| Chief Executive Officer | ||||||
Exhibit 99.1
Express Announces Departure of CFO Perry Pericleous
And Appoints President & COO Matthew Moellering Interim CFO.
Columbus, Ohio — October 19, 2021 — Fashion apparel retailer Express, Inc. (NYSE: EXPR) today announced the departure of the Company’s Senior Vice President, Chief Financial Officer and Treasurer, Perry Pericleous, effective November 12, 2021. Mr. Pericleous is leaving the Company to pursue another opportunity.
The Company has begun a search for a new Chief Financial Officer, and President & Chief Operating Officer Matthew Moellering will serve as Acting Chief Financial Officer in the interim, along with his existing responsibilities. Mr. Moellering has served as the Company’s President and Chief Operating Officer since September 2019. He also served as Interim President and Interim Chief Executive Officer from January 2019 to June 2019, and was the Company’s Chief Financial Officer and Treasurer from 2007 to 2011. Mr. Pericleous, who reports directly to Mr. Moellering, will continue to work closely with Matt over the next month to ensure a smooth transition.
“I want to thank Perry for his many years of service to Express, his support in helping to advance the EXPRESSway Forward strategy, and the important role he played in partnership with Matt to strengthen the Company’s liquidity position and secure the financial health of the Company throughout the pandemic,” said Tim Baxter, Chief Executive Officer.
About Express, Inc.
Express is a modern, versatile, dual gender apparel and accessories brand that helps people get dressed for every day and any occasion. Launched in 1980 with the idea that style, quality and value should all be found in one place, Express has always been a brand of the now, offering some of the most important and enduring fashion trends. Express aims to Create Confidence & Inspire Self-Expression through a design & merchandising view that brings forward The Best of Now for Real Life Versatility.
The Company operates over 500 retail and factory outlet stores in the United States and Puerto Rico, as well as an online store. Express, Inc. is traded on the NYSE under the symbol EXPR. For more information, please visit www.express.com.
Investor Contact
Greg Johnson
gjohnson@express.com
(614) 474-4890
Source: Express, Inc.
Document and Entity Information |
Oct. 19, 2021 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001483510 |
| Document Type | 8-K |
| Document Period End Date | Oct. 19, 2021 |
| Entity Registrant Name | EXPRESS, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-34742 |
| Entity Tax Identification Number | 26-2828128 |
| Entity Address, Address Line One | 1 Express Drive |
| Entity Address, City or Town | Columbus |
| Entity Address, State or Province | OH |
| Entity Address, Postal Zip Code | 43230 |
| City Area Code | (614) |
| Local Phone Number | 474-4001 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $.01 par value |
| Trading Symbol | EXPR |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |