Current Report Filing (8-k)
November 03 2021 - 08:37AM
Edgar (US Regulatory)
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2021-11-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
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
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Date of Report (Date of earliest event reported): |
November
3, 2021 |
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STEVEN MADDEN, LTD. |
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(Exact name of registrant as
specified in its chapter) |
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Delaware |
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000-23702 |
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13-3588231 |
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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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52-16 Barnett Avenue,
Long Island City,
New York
11104 |
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(Address of Principal Executive
Offices) (Zip Code) |
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Registrant’s telephone number, including area
code: |
(718)
446-1800 |
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(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:
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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)) |
Securities registered pursuant to
Section 12(b) of the Act:
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Title of each
class |
Trading symbol(s) |
Name of each exchange on which
registered |
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Common Stock, par value $0.0001 per share |
SHOO |
The NASDAQ Stock Market LLC |
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
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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. o
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Item
2.02. |
Results
of Operations and Financial Condition. |
On November 3, 2021, Steven Madden,
Ltd. (the “Company”) issued a press release, furnished as Exhibit
99.1 and incorporated into this Item 2.02 by reference, announcing
the Company’s financial results for the third quarter of its fiscal
year ending December 31, 2021.
The Company’s press release on
November 3, 2021 also announced that the Company’s Board of
Directors has declared a quarterly cash dividend of $0.15 per share
on the Company’s outstanding shares of common stock. The dividend
is payable on December 27, 2021, to stockholders of record as of
the close of business on December 17, 2021.
The Company’s press release on
November 3, 2021, also announced that the Company’s Board of
Directors approved an increase in the Company’s share repurchase
program of approximately $200 million in repurchases of the
Company’s common stock, bringing the total authorization up to $250
million. Repurchases will be made from time to time on the open
market at prevailing market prices or in privately negotiated
transactions at such prices and times as are determined to be in
the best interest of the Company. Repurchased shares will be used
for general corporate purposes, such as acquisitions and the
Company’s incentive compensation plan. The share repurchase program
does not have a fixed expiration or termination date and may be
modified or terminated by the Board of Directors at any
time.
The full text of the press release is
attached as Exhibit 99.1 to this Current Report on Form
8-K.
The information contained in this
Current Report on Form 8-K, including Exhibit 99.1, is being
furnished, and shall not be deemed filed for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of Section 18. Furthermore, the
information contained in this Current Report on Form 8-K, including
Exhibit 99.1, shall not be incorporated by reference into any
registration statement filed by the Company under the Securities
Act of 1933, as amended, unless specifically identified therein as
being incorporated therein by reference. The furnishing of the
information in this Current Report is not intended to, and does
not, constitute a determination or admission by the Company that
the information in this Current Report is material or complete, or
that investors should consider this information before making an
investment decision with respect to any security of the
Company.
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Item 9.01 |
Financial
Statements and Exhibits. |
(d) Exhibits.
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.
Dated: November 3, 2021
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STEVEN MADDEN,
LTD. |
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By: |
/s/ Edward R. Rosenfeld |
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Edward R. Rosenfeld |
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Chief Executive Officer |
Steven Madden (NASDAQ:SHOO)
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