8-K

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): September 16, 2021 (September 10, 2021)

SHOE CARNIVAL, INC.

(Exact name of Registrant as Specified in Its Charter)

Registrant’s Telephone Number, Including Area Code: (812) 867-4034

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 Instructions A.2. below):

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).

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

On September 10, 2021, the Board of Directors of Shoe Carnival, Inc. (the "Company") approved an increase in the size of the Board of Directors from six directors to seven directors.  Upon the recommendation of the Nominating and Corporate Governance Committee, on September 10, 2021, the Board of Directors also appointed Diane Randolph to serve as a member of the Board of Directors, effective on September 16, 2021, with a term to expire at the Company's 2023 Annual Meeting of Shareholders and until her successor is elected and has qualified.  Ms. Randolph has not been appointed to any of the committees of the Company's Board of Directors.

There are no arrangements or understandings between Ms. Randolph and any other persons pursuant to which she was appointed as a director of the Company. There are no transactions in which Ms. Randolph has a material direct or indirect interest requiring disclosure under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended. As a non-employee director, Ms. Randolph will participate in the non-employee director compensation arrangements described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2021. For calendar year 2021, Ms. Randolph will receive a pro rata portion of the annual cash retainer paid to non-employee directors.  On September 16, 2021, Ms. Randolph received an award of 540 shares of restricted stock under the Shoe Carnival, Inc. 2017 Equity Incentive Plan, which represented a pro rata portion of the annual shares of restricted stock granted to non-employee directors for 2021 (as adjusted for the 2-for-1 stock split completed on July 19, 2021).  The restrictions on the shares will lapse on January 2, 2022.

A copy of the Company's press release announcing Ms. Randolph’s appointment to the Board of Directors is attached hereto as Exhibit 99.1 and the information set forth therein is incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.Exhibits

99.1Press Release of Registrant dated September 16, 2021

104Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL)

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.

3

scvl-ex991_15.htm

EX-99.1

SHOE CARNIVAL APPOINTS DIANE RANDOLPH TO BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE

Evansville, Indiana, September 16, 2021 - Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today announced the appointment of Diane Randolph to its Board of Directors, effective immediately. Following the appointment of Ms. Randolph, the Board will be composed of seven directors, and five are independent.

From 2014 to 2020, Ms. Randolph held the position of Chief Information Officer of U.S. beauty retailer, Ulta Beauty, Inc. With responsibility for the full breadth of the technology footprint, she led Ulta through technology transformations involving supply chain, digital customer and associate experience, cybersecurity, and cloud transition. Prior to Ulta, Diane served as the Chief Information Officer of Reitmans (Canada) Limited, a Canadian specialty apparel retailer, from 2008 to 2014.

Ms. Randolph served on the Board of Directors of Core-Mark Holding Company, Inc., a leader in fresh food distribution to convenience stores, from January 2020 until Core-Mark was recently acquired and also served on its Nominating and Corporate Governance Committee. Ms. Randolph has also served on the Executive Committee of the National Retail Foundation CIO Council and on the Advisory Council of Chicago CIO. Her industry recognition includes Chain Store Age Most Influential Women in Tech 2015 and 2018.

“Diane’s proven skill set complements our strategic vision and customer-centric culture.  We are thrilled she has joined the leading retailer in family footwear.  I would like to personally welcome Diane to the Shoe Carnival team,” said Wayne Weaver, Chairman of the Shoe Carnival Board of Directors.

About Shoe Carnival

Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands.  As of September 16, 2021, the Company operates 377 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com.  Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases and annual report are available on the Company's website at www.shoecarnival.com.

Contact Information

W. Kerry Jackson

Shoe Carnival Investor Relations

(812) 867-4034

7500 East Columbia Street

Evansville, IN 47715

www.shoecarnival.com