0001193125-17-194749.txt : 20170605 0001193125-17-194749.hdr.sgml : 20170605 20170605170137 ACCESSION NUMBER: 0001193125-17-194749 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170530 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170605 DATE AS OF CHANGE: 20170605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS SONOMA INC CENTRAL INDEX KEY: 0000719955 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] IRS NUMBER: 942203880 STATE OF INCORPORATION: CA FISCAL YEAR END: 0129 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14077 FILM NUMBER: 17891941 BUSINESS ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 BUSINESS PHONE: 415-421-7900 MAIL ADDRESS: STREET 1: 3250 VAN NESS AVENUE CITY: SAN FRANCISCO STATE: CA ZIP: 94109 8-K 1 d346989d8k.htm 8-K 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): May 30, 2017

 

 

Williams-Sonoma, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-14077   94-2203880

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

3250 Van Ness Avenue, San Francisco, California 94109

(Address of principal executive offices)

Registrant’s telephone number, including area code (415) 421-7900

N/A

(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:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


Item 5.02. Departure of Directors or Certain Officers; Election of Directors, Appointment of

Certain Officers; Compensatory Arrangements of Certain Officers

On June 5, 2017, Williams-Sonoma, Inc. (the “Company”) announced that Jim Brett, President of the West Elm brand, is resigning from the Company effective immediately. The Company also announced that Alex Bellos, the head of the company’s Rejuvenation and Mark and Graham brands, is succeeding Mr. Brett as President of the West Elm brand.

A copy of the related press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits

 

  (d) List of Exhibits:

99.1        Press Release dated June 5, 2017 titled Williams-Sonoma, Inc. Announces West Elm Leadership Transition

 

2


SIGNATURES

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.

 

      WILLIAMS-SONOMA, INC.
Date: June 5, 2017     By:   /s/ Julie P. Whalen
           Julie P. Whalen
           Chief Financial Officer

 

3


INDEX TO EXHIBITS

 

Exhibit Number

  

Description

99.1    Press Release dated June 5, 2017 titled Williams-Sonoma, Inc. Announces West Elm Leadership Transition

 

4

EX-99.1 2 d346989dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

WILLIAMS-SONOMA, INC.

3250 Van Ness Avenue

San Francisco, CA 94109

 

     

CONTACT:

Felix Carbullido

Corporate Public Relations

(415) 402-4056

 

Beth Potillo-Miller

SVP, Finance & Corporate Treasurer

Investor Relations

(415) 616-8643

PRESS RELEASE

Williams-Sonoma, Inc. Announces West Elm Leadership Transition

San Francisco, CA, June 5, 2017 — Williams-Sonoma, Inc. (NYSE: WSM) today announced that Alex Bellos, the head of the company’s Rejuvenation and Mark and Graham brands, is succeeding Jim Brett as President of the West Elm brand. Effective today, Mr. Brett is resigning from the company to take a position as CEO of J.Crew.

This is a return to West Elm for Bellos, who first joined the brand in 2008 and reported to Brett, where he served as Vice President, Strategy and Development for West Elm, from 2010 to 2013. In that position, Bellos led strategic projects, real estate expansion and operations, playing a key role in executing strategies that contributed to West Elm’s strong results. Over the last three years, Bellos has been an instrumental leader in expanding Rejuvenation from a small lighting and house parts innovator into a lifestyle brand for the home, increasing market share and providing outstanding quality, value and service to its customers.

Laura Alber, the company’s President and Chief Executive Officer, said “Alex’s deep knowledge of the West Elm brand, combined with his success driving double-digit growth across our newer businesses, make him the right person to continue to advance West Elm’s initiatives and to lead the brand’s tenured team. He is a dynamic leader with deep expertise in brand development, finance and operations, with a strong track record of developing winning strategies, leading change, and driving detailed execution.”

Alber also stated “On behalf of the board and senior management team, I want to thank Jim for his many contributions to the company. Under his leadership, a talented West Elm team achieved significant growth, and Jim was a strong advocate for the focus on expanding the brand’s range and collaborations with local craft workers and artisan communities around the world.”

Brett commented, “I am proud of the growth of the West Elm brand over the last seven years and the values for which the brand stands. I have appreciated the opportunity to work with one of the most talented and visionary teams in retail. I thank them for their dedication and look forward to their future success and the continued growth of the brand.”

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or are proven incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements include statements related to the initiatives of the West Elm brand. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements


include the risk that the initiatives of the West Elm brand will not be successful. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

ABOUT WILLIAMS-SONOMA, INC.

Williams-Sonoma, Inc. is a specialty retailer of high-quality products for the home. These products, representing eight distinct merchandise strategies – Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams Sonoma Home, Rejuvenation, and Mark and Graham – are marketed through e-commerce websites, direct mail catalogs and retail stores. Williams-Sonoma, Inc. currently operates in the United States, Canada, Australia and the United Kingdom, offers international shipping to customers worldwide, and has unaffiliated franchisees that operate stores in the Middle East and the Philippines and stores and e-commerce websites in Mexico.

 

2