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)
Registrants 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 companys 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
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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 |
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INDEX TO EXHIBITS
Exhibit Number |
Description | |
99.1 | Press Release dated June 5, 2017 titled Williams-Sonoma, Inc. Announces West Elm Leadership Transition |
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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 companys 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 Elms 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 companys President and Chief Executive Officer, said Alexs 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 Elms initiatives and to lead the brands 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 brands 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.
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