-----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, BT40/TJUkGZidXOoSwBAvQ0lj19aIwmerXTEop6dUy7fbcNEMW3TZhXnzISNT5n0 MTWbfhX0Tit5Xg1LTEQWSg== 0001047469-03-004396.txt : 20030207 0001047469-03-004396.hdr.sgml : 20030207 20030207150706 ACCESSION NUMBER: 0001047469-03-004396 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030206 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030207 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: 03544579 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 a2102660z8-k.htm 8-K
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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): February 6, 2003

THE WET SEAL, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware 0-18632 33-0415940
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

26972 Burbank
Foothill Ranch, California

 
92610
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code:

(949) 583-9029

N/A
(Former Name or Former Address, if Changed Since Last Report)




Item 5. Other Events

        On February 6, 2003, The Wet Seal, Inc. (the "Company") announced the departure of Kathy Bronstein, Vice Chairman and Chief Executive Officer of the Company. A copy of the Company's press release appears as Exhibit 99.1 to this Current report and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits

(a)
Financial Statements of Business Acquired.

Not Applicable.

(b)
Pro Forma Financial Information.

Not Applicable.

(c)
Exhibits.

99.1
Copy of press release, dated February 6, 2003, issued by the Company.

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.

    THE WET SEAL, INC.
(Registrant)

Date: February 6, 2003

 

By:

/s/  
WILLIAM B. LANGSDORF      
Name: William B. Langsdorf
Title: Senior Vice President and
Chief Financial Officer

3



EXHIBIT INDEX

EXHIBIT
NUMBER

  DESCRIPTION

99.1   Copy of press release, dated February 6, 2003, issued by The Wet Seal, Inc.

4




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SIGNATURES
EXHIBIT INDEX
EX-99.1 3 a2102660zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

[LOGO OF THE WET SEAL, INC. APPEARS HERE]

        contact: Walter Parks, Executive Vice President/CAO
(949) 699-3922


THE WET SEAL, INC. ANNOUNCES DEPARTURE OF CHIEF EXECUTIVE KATHY BRONSTEIN

        FOOTHILL RANCH, CA, February 6, 2003—Specialty retailer The Wet Seal, Inc. (Nasdaq: WTSLA) today announced that Kathy Bronstein, Vice Chairman and Chief Executive Officer has been relieved of her duties, effective immediately. She will be succeeded for an interim period by Irv Teitelbaum, Chairman of the Board.

Bronstein began working for the Company in 1985 as the Company's merchandise manager. "As a visionary in the world of young women's ready-to-wear fashion, Kathy has led the company to a position of impressive growth and achievement," said Irv Teitelbaum, Chairman of the Board. "As we move forward, this company remains committed to our focus on providing fashion-forward quality merchandise at affordable prices for young women. Our aim is to surprise and excite shoppers with fashion newness."

Teitelbaum has served as Chairman of The Wet Seal, Inc. since June 1984. He is also Chairman, CEO and co-founder of La Senza Corporation, a Canadian retail company with more than 460 stores of women's apparel and lingerie, trading on the Toronto Stock Exchange.

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 606 stores in 46 states, the District of Columbia and Puerto Rico, including 476 Wet Seal stores, 100 Arden B. stores and 30 Zutopia stores.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements that relate to the Company's opening and closing of stores, profitability and growth, demand for its products or any other statements that relate to the intent, belief, plans or expectations of the Company or its management. All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission. This news release contains results reflecting partial year data and non-fiscal data that may not be indicative of results for similar future periods or for the full year. The Company will not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

SOURCE: The Wet Seal, Inc.





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THE WET SEAL, INC. ANNOUNCES DEPARTURE OF CHIEF EXECUTIVE KATHY BRONSTEIN
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