8-K

Childrens Place, Inc. (PLCE)

8-K 2024-01-17 For: 2024-01-16
View Original
Added on April 10, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM 8-K

CURRENT

REPORT

Pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934

Date of report (Date of earliest event reported):

January 16, 2024

THE CHILDREN’S PLACE, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-23071 31-1241495
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(Commission File Number) (IRS Employer Identification No.)
500 Plaza Drive, Secaucus, New Jersey 07094
(Address of Principal Executive Offices) (Zip Code)
(201) 558-2400
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(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(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 (see General Instruction A.2. below):

¨ 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)
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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))
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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 (§240.12-b-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 pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br><br> <br>Symbol(s) Name of each exchange on<br> which registered
Common Stock, $0.10 par value PLCE NASDAQ Global Select Market

Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;Compensatory Arrangements of Certain Officers.

On January 17, 2024, the Company announced that Marla Beck would be leaving the Company’s Board of Directors, effective as of January 16, 2024. Ms. Beck has served on the Board of Directors since 2015 and was recently named the interim Chief Executive Officer of Beauty Health Company.

Item 9.01   Financial Statement and Exhibits.


(d)           Exhibits

Exhibit 104       Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.


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Forward Looking Statements

This Current Report onForm 8-K contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and results of operations,including adjusted net income (loss) per diluted share. Forward-looking statements typically are identified by use of terms such as “may,”“will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate”and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based uponthe Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual resultsand performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securitiesand Exchange Commission, including in the “Risk Factors” section of its annual report on Form 10-K for the fiscal year endedJanuary 28, 2023. Included among the risks and uncertainties that could cause actual results and performance to differ materially arethe risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from thehighly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by changesin economic conditions (including inflation), the risks related to the COVID-19 pandemic, including the impact of the COVID-19 pandemicon our business or the economy in general, the risk that the Company’s strategic initiatives to increase sales and margin are delayedor do not result in anticipated improvements, the risk of delays, interruptions, disruptions and higher costs in the Company’s globalsupply chain, including resulting from COVID-19 or other disease outbreaks, foreign sources of supply in less developed countries, morepolitically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, includingthe use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectationsor that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, includingclass action litigations brought under consumer protection, employment, and privacy and information security laws and regulations, theimposition of regulations affecting the importation of foreign-produced merchandise, including duties and tariffs, and the uncertaintyof weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of thedate they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that maybe made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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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.

Date: January 17, 2024

THE CHILDREN’S PLACE, INC.
By: /s/ Jane Elfers
Name: Jane Elfers
Title: President and Chief Executive<br>Officer
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