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As Of Filer Filing For·On·As Docs:Size 4/01/20 Chico’s Fas, Inc. 8-K:5,7 3/31/20 12:192K |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 37K 11: R1 Cover Page HTML 47K 9: XML IDEA XML File -- Filing Summary XML 12K 12: XML XBRL Instance -- a8-kdated03312020_htm XML 15K 8: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.CAL XBRL Calculations -- chs-20200331_cal XML 6K 4: EX-101.DEF XBRL Definitions -- chs-20200331_def XML 8K 5: EX-101.LAB XBRL Labels -- chs-20200331_lab XML 66K 6: EX-101.PRE XBRL Presentations -- chs-20200331_pre XML 35K 2: EX-101.SCH XBRL Schema -- chs-20200331 XSD 15K 7: JSON XBRL Instance as JSON Data -- MetaLinks 12± 18K 10: ZIP XBRL Zipped Folder -- 0000897429-20-000061-xbrl Zip 14K
Document |
i 59-2389435 | ||
(Commission File
Number) | (IRS Employer Identification No.) |
i 11215
Metro Parkway | i Fort Myers | i Florida | i 33966 |
(Address
of Principal Executive Offices) | (Zip code) |
i ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
i ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
i ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
i ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
i Common Stock, Par Value $0.01 Per Share | i CHS | i New
York Stock Exchange |
Emerging growth company | i ☐ |
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. | ☐ |
• | The majority of the Company’s employees will be placed on furlough. |
◦ | Furloughed employees currently enrolled in health benefits will continue to receive coverage. |
• | All
non-furloughed employees will take a 50% salary or similar hours reduction, except the Company’s distribution center employees supporting the Company’s digital business. |
• | The Company’s executive officers’ base salaries will be reduced by 50%. |
• | The Board of Directors'
annual cash retainers will be reduced by 50%. |
• | Merit increases are deferred. |
• | The Company’s distribution center remains open to support its sizable digital online business across five brands: www.chicos.com, www.chicosofftherack.com,
www.whitehouseblackmarket.com, www.soma.com and www.mytelltale.com. |
• | The Company has adopted social distancing policies and enhanced safety procedures. Associates working in the distribution center during this period will receive additional compensation. |
• | The
Company has also taken other aggressive measures to significantly reduce expenses including suspending matching contributions to the Company’s 401(k) plan and Nonqualified Deferred Compensation Plan. |
• | The Company has already executed and will continue to execute substantial reductions in other expenses, including, but not limited to: store occupancy, capital expenditures, and reduced inventory receipts. |
CHICO’S
FAS, INC. | ||||||
Date: March 31, 2020 | By: | |||||
/s/
David M. Oliver | ||||||
David M. Oliver, Interim Chief Financial Officer and Senior Vice President, Controller |
Amendment
Flag | i false |
Entity Central Index Key |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
4/5/20 | None on these Dates | |||
Filed on: | 4/1/20 | |||
For Period end: | 3/31/20 | |||
1/1/20 | ||||
List all Filings |