-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RsZclmnCSQDW2nZBqrJS/YiSxHEKFlEYGRBAFXAKdQWZOn1HOi88snMKwGZcvU4q fqbSEdaVkG0VwJoE+WhIxQ== 0000921530-06-000243.txt : 20060321 0000921530-06-000243.hdr.sgml : 20060321 20060307113618 ACCESSION NUMBER: 0000921530-06-000243 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060306 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060307 DATE AS OF CHANGE: 20060307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WET SEAL INC CENTRAL INDEX KEY: 0000863456 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 330415940 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18632 FILM NUMBER: 06669151 BUSINESS ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 BUSINESS PHONE: 7145839029 MAIL ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 8-K 1 wetseal_8k-030606.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): March 6, 2006 THE WET SEAL, INC. (Exact Name of Registrant as Specified in Charter) Delaware 0-18632 33-0415940 (State or Other (Commission File Number) (IRS Employer Jurisdiction of Identification No.) Incorporation) 26972 Burbank Foothill Ranch, California 92610 (Address of Principal Executive Offices) Zip Code) Registrant's telephone number, including area code: (949) 699-3900 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 (see General Instruction A.2. below): [] 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 14d-2(b)) [] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On March 6, 2006, The Wet Seal, Inc. (the "Company") issued a press release announcing the appointment of Michael Zimmerman and Jonathan Duskin as new members of the Company's Board of Directors (the "Board"), effective as of March 6, 2006. They are joining current Board members Sidney Horn, Harold Kahn, Kenneth Reiss, Alan Siegel, Joel Waller, CEO, and Henry Winterstern, Chairman of the Board. At this time, neither Mr. Zimmerman nor Mr. Duskin has been appointed to any committees of the Board. Mr. Zimmerman is the controlling principal and Mr. Duskin is a Managing Director of Prentice Capital Management, LP, an investment manager based in New York, New York. Prentice Capital manages an investment in the capital stock of the Company which was acquired by its affiliates as well as accounts that it manages in a series of financing transactions which closed in 2005. The financing transactions were disclosed in the Company's Annual Report on Form 10-K, as amended, filed on April 29, 2005 and the Company's Proxy Statement on Schedule 14A, filed on June 17, 2005. There was no prior arrangement to appoint Messrs. Zimmerman and Duskin to the Board. A copy of the Company's press release appears as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (a) Financial Statements of Business Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. 99.1 Press release, dated March 6, 2006, issued by the Company 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. THE WET SEAL, INC. (Registrant) Date: March 6, 2006 By: /s/ John Luttrell ----------------- Name: John Luttrell Title: EVP and CFO EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Press release, dated March 6, 2006, issued by the Company. EX-99 2 wetseal_pressrelease-030606.txt Contact: John Luttrell (949) 699-3918 THE WET SEAL, INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS FOOTHILL RANCH, CA, March 6, 2006 -- Specialty retailer The Wet Seal, Inc. (Nasdaq: WTSLA) today announced the appointment of Michael Zimmerman and Jonathan Duskin to the Board of Directors of the Company to serve along with Sidney Horn, Harold Kahn, Kenneth Reiss, Alan Siegel, Joel Waller, CEO, and Henry Winterstern, Chairman of the Board. All directors will serve until the annual meeting of shareholders scheduled for late May at which time it is expected that they will be submitted to the vote of the shareholders for reelection to the board. Mr. Zimmerman is the controlling principal and Mr. Duskin is a Managing Director of Prentice Capital Management, LP, an investment manager. Prentice, formed in 2005, manages a large portfolio of investments in specialty retailers, including The Wet Seal. Joel Waller, CEO of The Wet Seal, Inc., said "Jon and Michael have partnered with us in the turnaround of the Company. Their willingness to join our board manifests their belief in our success to date and their commitment to our future." Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. The Company currently operates a total of 400 stores in 46 states, the District of Columbia and Puerto Rico, including 308 Wet Seal stores and 92 Arden B. stores. The Company's products can also be purchased online at www.wetseal.com or www.ardenb.com. For more company information, visit www.wetsealinc.com. SOURCE: The Wet Seal, Inc. -----END PRIVACY-ENHANCED MESSAGE-----