0001179110-21-003176.txt : 20210309 0001179110-21-003176.hdr.sgml : 20210309 20210309184149 ACCESSION NUMBER: 0001179110-21-003176 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210305 FILED AS OF DATE: 20210309 DATE AS OF CHANGE: 20210309 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Evanson Brynn CENTRAL INDEX KEY: 0001575788 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36501 FILM NUMBER: 21727451 MAIL ADDRESS: STREET 1: 6501 LEGACY DRIVE CITY: PLANO STATE: TX ZIP: 75024 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Michaels Companies, Inc. CENTRAL INDEX KEY: 0001593936 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOBBY, TOY & GAME SHOPS [5945] IRS NUMBER: 371737959 STATE OF INCORPORATION: DE FISCAL YEAR END: 0130 BUSINESS ADDRESS: STREET 1: 3939 WEST JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 9724091300 MAIL ADDRESS: STREET 1: 3939 WEST JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 4 1 edgar.xml FORM 4 - X0306 4 2021-03-05 0 0001593936 Michaels Companies, Inc. MIK 0001575788 Evanson Brynn 3939 W JOHN CARPENTER FREEWAY IRVING TX 75063 0 1 0 0 EVP - Chief HR Officer Restricted Stock Units 2021-03-05 4 A 0 10101 0 A Common Stock 10101 10101 D Market Stock Units 2021-03-05 4 A 0 13774 0 A Common Stock 13774 13774 D Each restricted stock unit represents a contingent right to receive one share of common stock without the payment of additional consideration. The restricted stock units vest in three equal annual installments beginning on March 5, 2022, the first anniversary of the grant date. The market stock units represent a contingent right to receive, upon vesting, a varying number of shares of common stock based on the achievement certain pre-determined thresholds related to changes in the registrant's common stock price on the Nasdaq Global Select Market over the three-year performance period. The market stock units vest on the third anniversary of the date of grant and, upon vesting, will convert into between 0% and 150% of the target number of shares of common stock listed in Column 7 of Table II. Upon a change of control, the performance period will conclude and the market stock units for which the performance condition has been satisfied will vest in three equal annual installments beginning on the first anniversary of the grant date. Tim Cheatham, as attorney-in-fact 2021-03-09 EX-24 2 ex24evanson.txt Exhibit 24 POWER OF ATTORNEY The undersigned hereby constitutes and appoints Tim Cheatham, Michael Diamond and Jennifer Raibon, with full power of substitution, as the undersigned's true and lawful attorney-in-fact to: (1) prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC; (2) execute for and on behalf of the undersigned, in the undersigned's capacity as officer and/or director of The Michaels Companies, Inc. (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (3) do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and (4) take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact. [Remainder of page intentionally left blank] IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of February 8, 2021. /s/ Brynn Evanson Signature Brynn Evanson Print Name [Signature Page to Limited Power of Attorney]