Dillard's, Inc 8-K, filed May 17, 2021
Dillard's, Inc. (DDS)
8-K
2021-05-17
For: 2021-05-15
View Original
Added on
April 06, 2026
About this 8-K
Dillard's, Inc filed this 8-K on May 17, 2021, reporting on events of May 15, 2021.
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 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 15, 2021
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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 Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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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 ☐
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Item 8.01 Other Events.
On May 15, 2021, 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 $0.15 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 9.01 Financial Statements and Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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 hereunto duly authorized.
| DILLARD'S, INC. | ||||||||||||||
| DATED: | May 17, 2021 | By: | /s/ Phillip R. Watts | |||||||||||
| Name: | Phillip R. Watts | |||||||||||||
| Title: | Senior Vice President, Co-Principal Financial Officer and Principal Accounting Officer | |||||||||||||
| 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 $0.15 Cash Dividend
LITTLE ROCK, Ark.--(BUSINESS WIRE)--May 15, 2021--Dillard’s, Inc. (DDS-NYSE) (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. At May 1, 2021, authorization of $114.3 million remained under the Company’s March 2018 share repurchase plan.
The Board of Directors also declared a cash dividend of $0.15 per share on the Class A and Class B Common Stock of the Company payable August 2, 2021 to shareholders of record as of June 30, 2021. This marks the Company’s 209th consecutive quarterly dividend since becoming a public company in 1969.
CONTACT:
Julie Johnson Guymon, C.P.A.
501-376-5965
julie.bull@dillards.com