0001179110-21-003177.txt : 20210309
0001179110-21-003177.hdr.sgml : 20210309
20210309184252
ACCESSION NUMBER: 0001179110-21-003177
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: Bennett Heather M
CENTRAL INDEX KEY: 0001844162
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36501
FILM NUMBER: 21727454
MAIL ADDRESS:
STREET 1: 3939 W. JOHN CARPENTER FREEWAY
CITY: IRVING
STATE: TX
ZIP: 75063
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
0001844162
Bennett Heather M
3939 W JOHN CARPENTER FREEWAY
IRVING
TX
75063
0
1
0
0
EVP - Innovation
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
ex24bennett.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 January 30, 2021.
/s/ Heather Bennett
Signature
Heather Bennett
Print Name
[Signature Page to Limited Power of Attorney]