Current Report Filing (8-k)
May 11 2020 - 4:25PM
Edgar (US Regulatory)
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): May 11, 2020 (May 5, 2020)
SHOE CARNIVAL, INC.
(Exact name of Registrant as Specified in Its Charter)
Indiana
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0-21360
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35-1736614
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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7500 East Columbia Street
Evansville, Indiana
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47715
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code: (812) 867-6471
Not Applicable
(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 Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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SCVL
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The Nasdaq Stock Market, LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in the Current Report on Form 8-K filed on April 3, 2020 by Shoe Carnival, Inc. (the “Company”), as a result of the COVID-19 pandemic, the annual base salaries of each of the Company’s named executive officers and certain other members of the Company’s senior management team were temporarily reduced by 20% starting on April 5, 2020 and effective until at least 50% of the Company’s store locations were re-opened. The cash retainer fees paid to the Company’s non-employee directors were temporarily reduced by 20% during that same time period.
Effective as of May 5, 2020, the Company has re-opened over 50% of its store locations. As a result, the temporary reductions in the annual base salaries of the Company’s named executive officers and other members of the Company’s senior management team and the temporary reductions in the cash retainer fees paid to the Company’s non-employee directors are no longer in effect.
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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.
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SHOE CARNIVAL, INC.
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(Registrant)
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Date: May 11, 2020
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By:
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/s/ W. Kerry Jackson
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W. Kerry Jackson
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Senior Executive Vice President
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Chief Financial and Administrative Officer and Treasurer
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