GUESS?, INC. |
(Exact name of registrant as specified in its charter) |
Delaware | 1-11893 | 95-3679695 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
1444 South Alameda Street, Los Angeles, California | 90021 |
(Address of principal executive offices) | (Zip Code) |
Sandeep Reddy |
(213) 765-3100 |
(Name and telephone number, including area code, of the person to contact in connection with this report.) |
x | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2013. |
1. | Implement and communicate to their personnel and suppliers a Conflict Minerals policy that is consistent with our Conflict Minerals Policy; |
2. | Familiarize themselves with the Conflict Minerals Rule and the Organisation for Economic Co-operation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the “OECD Guidance”); |
3. | Put in place procedures for the traceability of Conflict Minerals, working with their suppliers as applicable; |
4. | Where possible, source Conflict Minerals from smelters and refiners validated as conflict free; |
5. | Maintain reviewable business records supporting the source of Conflict Minerals; |
6. | From time to time, at our request, provide us with written certifications and other information concerning the origin of Conflict Minerals in products, components and parts supplied to us and the supplier’s compliance with the Conflict Minerals Policy generally; |
7. | Adopt a risk management strategy with respect to identified risks in the supply chain that is consistent with the Conflict Minerals Policy; |
8. | Otherwise establish policies, due diligence frameworks and management systems that are consistent with the OECD Guidance; and |
9. | Require their direct and indirect suppliers to adopt policies and procedures that are consistent with our Conflict Minerals Policy. |
GUESS?, INC. | |
(Registrant) | |
May 30, 2014 | |
By: /s/ Sandeep Reddy | |
Sandeep Reddy | |
Chief Financial Officer |
Exhibit | Description |
1.02 | Conflict Minerals Report for the reporting period from January 1 through December 31, 2013 |
1. | Establish strong company management systems (“Step One”); |
2. | Identify and assess risk in the supply chain (“Step Two”); |
3. | Design and implement a strategy to respond to identified risks (“Step Three”); |
4. | Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain (“Step Four”); and |
5. | Report on supply chain due diligence (“Step Five”). |
1. | OECD Guidance Step One: “Establish strong company management systems” |
a. | We created a team of senior staff charged with creating and implementing our Conflict Minerals compliance strategy. The following functional areas were represented on the working group: Accounting, Finance, Internal Audit, Legal, Social Compliance and Sourcing. Selected internal personnel were educated on the Conflict Minerals Rule, the OECD Guidance, our compliance plan and the procedures for reviewing and validating supplier responses to our inquiries. We also retained specialist outside counsel to advise us in connection with our Conflict Minerals Rule compliance. In addition, |
b. | We adopted a policy for the supply chain of Conflict Minerals (the “Conflict Minerals Policy”). We communicated the policy internally in writing. The policy also was communicated in writing to the suppliers that we determined to potentially be in-scope for purposes of our compliance with the Conflict Minerals Rule (the “Suppliers”). The Conflict Minerals Policy also was posted on our website. The Conflict Minerals Policy is summarized in the Form SD to which this Conflict Minerals Report is an exhibit. |
c. | We determined to use the Conflict Minerals Reporting Template developed by the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative (“EICC/GeSI”) to identify smelters and refiners in our supply chain. |
d. | The Vendor maintains on our behalf business records relating to Conflict Minerals due diligence for 2013, including records of due diligence processes, findings and resulting decisions, on a computerized database. |
e. | The Vendor, on our behalf, furnished to the Suppliers an introductory letter containing a link to third-party materials describing the Conflict Minerals Rule and various aspects of compliance relating to the rule. In the letter, the Vendor indicated that its personnel were available to answer Supplier questions. |
f. | We established a mechanism for employees, suppliers and other interested parties to report violations of our Conflict Minerals Policy, either through an email hotline or directly to our Social Compliance Department. |
2. | OECD Guidance Step Two: “Identify and assess risk in the supply chain” |
a. | We determined which of our products were in-scope for purposes of the Conflict Minerals Rule through review of product categories, inquiries regarding the degree of influence we exercised over the manufacturing process and other information known to us. |
b. | The Vendor, on our behalf, requested by email that the Suppliers provide us with information, through the completion of an EICC/GeSI Conflict Minerals Reporting Template, or an online version thereof hosted by the Vendor, concerning the usage and source of Conflict Minerals in their products that we identified as potentially being in-scope, as well as information concerning their related compliance efforts. The Vendor followed up by email or phone with all Suppliers that did not respond to the request within the specified time frame. |
c. | We and the Vendor reviewed the completed responses received from Suppliers. The Vendor followed up by email or phone with all Suppliers that submitted an incomplete response or a response that the Vendor determined contained errors or inaccuracies or that otherwise provided a written response determined not to be suitable by the Vendor, in each case requesting that the Supplier submit a revised response or provide additional or clarifying information. |
d. | To the extent that a Supplier provided contact information for its direct and/or indirect suppliers, these suppliers were contacted by the Vendor for the purpose of trying to trace the chain of custody of the applicable Conflict Minerals back to the smelter or refiner. |
3. | OECD Guidance Step Three: “Design and implement a strategy to respond to identified risks” |
a. | Our Conflict Minerals compliance team reported the findings of its supply chain risk assessment to our General Counsel. |
b. | See “Product Information; Additional Risk Mitigation Efforts” below for additional steps that we intend to take to mitigate the risk that the necessary Conflict Minerals in our in-scope products benefit armed groups. |
4. | OECD Guidance Step Four: “Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain” |
5. | OECD Guidance Step Five: “Report on supply chain due diligence” |
1. | Engage with Suppliers that provided incomplete responses or that did not provide responses for 2013 to encourage them to provide requested information for 2014. |
2. | Monitor and encourage the continuing development and progress of traceability measures at Suppliers that indicated for 2013 that the source of Conflict Minerals was unknown or undeterminable. |
3. | Communicate to new potentially in-scope suppliers our sourcing expectations, including through the dissemination of the Conflict Minerals Policy to them. In addition, as new in-scope suppliers are added, work with these suppliers to ensure that they understand the requirements of the Conflict Minerals Rule and the OECD Guidance. |
4. | Monitor selected industry initiatives to identify smelters and refiners in the supply chain. |