Skip to main content

8-K

Citi Trends Inc (CTRN)

8-K 2023-06-14 For: 2023-06-09
View Original
Added on April 06, 2026
View as plain text

UNITED STATES

SECURITIES ANDEXCHANGE COMMISSION

Washington, D.C.20549


FORM 8-K

CURRENT REPORT

Pursuant to Section13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Dateof earliest event reported): June 9, 2023

Citi Trends, Inc.

(Exact name ofregistrant as specified in its charter)

Delaware 000-51315 52-2150697
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
104 Coleman Boulevard, Savannah, Georgia 31408
--- ---
(Address of principal executive offices) (Zip Code)

Registrant’s

telephone number, including area code: (912) 236-1561

Former

name or former address, if changed since last report: Not applicable

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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ 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 CTRN Nasdaq Stock Market

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 5.07. Submission of Matters to a Vote of Security Holders.

At the 2023 annual meeting of stockholders (the “2023 Annual Meeting”) of Citi Trends, Inc. (the “Company”) held on June 9, 2023, the holders of the Company’s common stock entitled to vote at the meeting (1) elected nine director nominees whose terms will expire at the 2024 annual meeting of stockholders, (2) adopted, on a non-binding, advisory basis, the resolution approving the compensation of the Company’s named executive officers as set forth in the proxy statement, (3) voted for, on a non-binding, advisory basis, the frequency of future non-binding, advisory votes on the compensation of the Company’s named executive compensation to be held annually, and (4) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2024.

The voting results were as follows:

(1) The election of nine directors:

Board of Directors Nominee For Against Abstain Broker Non-Votes
Brian P. Carney 6,327,147 92,846 318 738,913
Jonathan Duskin 5,934,309 485,684 318 738,913
Christina Francis 6,390,426 29,799 86 738,913
Laurens M. Goff 6,269,183 150,810 318 738,913
Margaret L. Jenkins 5,798,009 622,211 91 738,913
David N. Makuen 6,387,748 32,448 115 738,913
Cara Sabin 6,274,186 145,889 236 738,913
Peter R. Sachse 6,366,552 53,492 267 738,913
Kenneth D. Seipel 6,270,738 149,250 323 738,913

(2) A proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers (“Say-on-Pay”) as set forth in the proxy statement:

For Against Abstain Broker Non-Votes
6,177,258 241,889 1,164 738,913

(3) A vote on a non-binding, advisory basis, of the frequency of future “Say-on-Pay” votes:

1 Year 2 Years 3 Years Abstain Broker Non-Votes
5,943,258 1,742 474,462 849 738,913

The Board of Directors has considered these voting results and determined that the Say-on-Pay vote will be submitted to stockholders on an annual basis until the next required vote on frequency.

(4) Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2024:

For Against Abstain Broker Non-Votes
7,154,277 2,009 2,938 0

SIGNATURE

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 thereunto duly authorized.

CITI TRENDS, INC.
Date: June 14, 2023
By: /s/ David N. Makuen
Name: David N. Makuen
Title: Chief Executive Officer