Dillard's, Inc 8-K, filed May 22, 2023
Dillard's, Inc. (DDS)
About this 8-K
Dillard's, Inc filed this 8-K on May 22, 2023, reporting on events of May 20, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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).
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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. ☐
Item 8.01Other Events.
On May 20, 2023, the registrant issued a press release announcing that the Company’s Board of Directors had authorized a $500 million share repurchase program of its Class A Common Stock and the issuance of a $0.20 dividend payable on the Company’s Class A and Class B Common Stock. A copy of the press release is furnished as Exhibit 99.
Item 9.01Financial Statements and Exhibits.
Exhibit No. |
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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.
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| | DILLARD’S, INC. |
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Date: | May 22, 2023 | | By: | /s/ Phillip R. Watts |
| | | Name: | Phillip R. Watts |
| | | Title: | Senior Vice President, Co-Principal Financial Officer and Principal Accounting Officer |
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| | | By: | /s/ Chris B. Johnson |
| | | Name: | Chris B. Johnson |
| | | Title: | Senior Vice President and Co-Principal Financial Officer |
Exhibit 99
Dillard’s, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.20 Cash Dividend
May 20, 2023 - LITTLE ROCK, Ark. - Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $500 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The Company has completed the authorization remaining under its previous share repurchase program.
The Board of Directors also declared a cash dividend of $0.20 per share on the Class A and Class B Common Stock of the Company payable July 31, 2023 to shareholders of record as of June 30, 2023.
CONTACT:
Julie J. Guymon
501-376-5965
julie.guymon@dillards.com