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): October 24, 2016
Tailored Brands, Inc.
(Exact name of registrant as specified in its charter)
Texas |
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1-16097 |
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47-4908760 |
6380 Rogerdale Road |
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Houston, Texas |
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77072 |
(Address of principal executive offices) |
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(Zip Code) |
281-776-7000
(Registrants telephone number,
including area code)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.04. Temporary Suspension of Trading Under Registrants Employee Benefit Plans.
On October 24, 2016, Tailored Brands, Inc. (the Company) sent a notice required by Rule 104 of Regulation BTR to its directors and executive officers informing them of a blackout period beginning on November 22, 2016 and ending during the week of December 11, 2016 (the Blackout Period). The Blackout Period is being imposed in connection with the change of recordkeeper and custodian of The Mens Wearhouse, Inc. 401(k) Savings Plan (the Plan).
The Company received the notice required by Section 101(i)(2)(E) of the Employee Retirement Income Security Act of 1974 on October 24, 2016, which indicated that Plan participants will not be able to direct or diversify investments in their individual accounts or obtain a loan or distribution during the Blackout Period.
A copy of the notice transmitted to the directors and executive officers of the Company is filed herewith as Exhibit 99.1 and incorporated by reference into this Item.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is included in this Form 8-K:
Exhibit |
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Number |
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Description |
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99.1 |
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Notice to Directors and Executive Officers dated October 24, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 27, 2016
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TAILORED BRANDS, INC. | |
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By: |
/s/ Brian T. Vaclavik |
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Brian T. Vaclavik |
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Senior Vice President and Chief Accounting Officer |
Exhibit 99.1
IMPORTANT NOTICE REGARDING
THE MENS WEARHOUSE, INC. 401(K) SAVINGS PLAN BLACKOUT PERIOD
AND YOUR RIGHTS TO TRADE TAILORED BRANDS, INC. COMMON STOCK
DURING THE BLACKOUT PERIOD
To: |
Tailored Brands, Inc. Directors and Executive Officers |
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From: |
Sandy Rhodes, EVP, General Counsel, Chief Compliance Officer and Corporate Secretary |
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Date: |
October 24, 2016 |
The Mens Wearhouse, Inc. 401(k) Savings Plan (the Plan) will be entering into a blackout period on November 22, 2016 due to a change in the Plans Trustee and Custodian from T. Rowe Price to Great-West Trust Company (i.e., Empower Retirement). During the blackout period, Plan participants will not be able to direct or diversify investments in their individual accounts or obtain a loan or distribution. This includes participants investments in the Tailored Brands Stock Fund.
Your ability to trade the Companys Common Stock is also impacted by the Plan blackout. Under the Sarbanes-Oxley Act of 2002, directors and executive officers of the Company are generally prohibited from engaging in transactions involving the Companys Common Stock during this blackout period.
We will be in the regular quarterly blackout period during this timeframe; however, this notice of the required blackout resulting from the Plan changes is mandated by the Securities and Exchange Commission to be sent to each of you to notify you of the need for this blackout and the consequences of violating these rules.
Specifically, the SEC rules prohibit you from, directly or indirectly, purchasing, selling or otherwise transferring any equity security of the Company that you acquired in connection with your service as a director or executive officer of the Company. The following are examples of transactions that you may not engage in during the blackout period:
· exercising stock options granted to you in connection with your service as a director or executive officer;
· selling Company Common Stock that you acquired by exercising stock options; and
· selling Company Common Stock that you originally received as a restricted stock grant or upon the vesting of deferred stock units or performance units.
There are certain exemptions, including:
· purchases or sales under a 10b5-1 trading plan (so long as you do not make or modify your election during the blackout period or at a time when you are aware of the actual or approximate dates of the blackout);
· bona fide gifts, bequests and transfers pursuant to domestic relations orders; and
· purchases or sales of Company Common Stock under the Plan or the Employee Stock Discount Plan pursuant to your already existing, on-going employee deferrals.
If you engage in a transaction that violates these rules, you can be required to disgorge your profits from the transaction and you are subject to civil and criminal penalties.
KEY DATES:
Blackout Begins: November 22, 2016
Blackout Expected to End: Sometime during the week of December 11, 2016
While we anticipate a smooth transition, you will be notified in the unlikely event that an extension of the blackout period is needed. If you have any questions concerning this notice or want to confirm the status of the blackout period, you should contact Sandy Rhodes at (281) 776-7000 at the Companys offices located at 6100 Stevenson Blvd, Fremont, CA 94538.