8-K
BUCKLE INC (BKE)
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
June 3, 2021
Date of Report (date of earliest event reported)
THE BUCKLE, INC.
(Exact name of Registrant as specified in its charter)
| Nebraska | 001-12951 | 47-0366193 |
|---|---|---|
| (State or other jurisdiction of | (Commission | (I.R.S. Employer |
| incorporation or organization) | File Number) | Identification No.) |
| 2407 West 24th Street, | ||
| --- | --- | --- |
| Kearney, | Nebraska | 68845-4915 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (308) 236-8491
__________________________________________________________
(Former name, former address and former fiscal year 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:
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))
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, $0.01 par value | BKE | New York Stock Exchange |
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 o
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
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
On June 3, 2021, The Buckle, Inc. (the "Company") issued a press release announcing that Robert M. Carlberg, Senior Vice President of Men's Merchandising, will retire from his position with the Company at the end of the current fiscal year. Mr. Carlberg joined the Company as a salesperson in October 1983 and served as a store manager and as an area and district leader before joining the merchandising team full-time in January 2001. He was appointed Vice President of Men’s Merchandising in December 2006 and Senior Vice President of Men’s Merchandising in March 2014.
The full text of the press release is furnished as Exhibit 99.1 to this report.
ITEM 9.01(d). Exhibits
Exhibit 99.1 Press Release Dated June 3, 2021
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
| The Buckle, Inc. | |
|---|---|
| Date: June 3, 2021 | By: /s/ THOMAS B. HEACOCK |
| Name: Thomas B. Heacock | |
| Title: Senior Vice President of Finance, | |
| Treasurer and Chief Financial Officer |
EXHIBIT INDEX
| Exhibit 99.1 | Press Release Dated June 3, 2021 |
|---|---|
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Document
Exhibit 99.1
 |
The Buckle, Inc. | |
|---|---|---|
| 2407 W. 24th St. Kearney, NE 68845 | ||
| P.O. Box 1480 Kearney, NE 68848-1480 | ||
| phone: 308-236-8491 | ||
| fax: 308-236-4493 | ||
| For Immediate Release: June 3, 2021 | web: www.buckle.com | |
| Contact: | Thomas B. Heacock, Chief Financial Officer | |
| --- | --- | |
| The Buckle, Inc. | ||
| (308) 236-8491 |
THE BUCKLE, INC. REPORTS MAY 2021 NET SALES AND ANNOUNCES THE PLANNED RETIREMENT OF SENIOR VICE PRESIDENT OF MEN’S MERCHANDISING
KEARNEY, NE -- The Buckle, Inc. (NYSE: BKE) announced today that total net sales for the 4-week fiscal month ended May 29, 2021 increased 75.4 percent to $89.7 million from net sales of $51.2 million for the prior year 4-week fiscal month ended May 30, 2020. Compared to the same 4-week period in fiscal 2019, net sales increased 45.9 percent from net sales of $61.5 million for the 4-week fiscal month ended June 1, 2019.
Net sales for the 17-week fiscal period ended May 29, 2021 increased 133.4 percent to $388.9 million from net sales of $166.6 million for the prior year 17-week fiscal period ended May 30, 2020. Compared to the same 17-week period in fiscal 2019, net sales increased 48.0 percent from net sales of $262.8 million for the 17-week fiscal period ended June 1, 2019.
Net sales for fiscal 2020 were significantly impacted by the Company’s closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020. As a result of the impact of the store closures on prior year reported net sales, the Company will report total net sales each month compared to the past two years and does not plan to separately report comparable store sales for the months most affected by the store closures. The Company plans to resume its regular monthly reporting with its August results.
The Company also announced today that Robert M. Carlberg, Senior Vice President of Men’s Merchandising, will retire from his position with the Company at the end of the current fiscal year. Mr. Carlberg joined the Company as a salesperson in October 1983 and served as a store manager and as an area and district leader before joining the merchandising team full-time in January 2001. He was appointed Vice President of Men’s Merchandising in December 2006 and Senior Vice President of Men’s Merchandising in March 2014. Dennis H. Nelson, President and Chief Executive Officer, commented “I would like to thank Bob for his 37 years of dedicated service to Buckle and for the passion and energy he brought to building such a strong men’s merchandising team and continually growing our men’s business.”
About Buckle
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 441 retail stores in 42 states, which includes the closing of one store in fiscal May. The Company operated 444 stores in 42 states as of June 3, 2020.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
Note: News releases and other information on The Buckle, Inc. can be accessed at www.buckle.com on the Internet.