Unifi Inc 8-K, filed Jan 26, 2021
Unifi Inc (UFI)
About this 8-K
Unifi Inc filed this 8-K on January 26, 2021, reporting on events of January 25, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On January 25, 2021, the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Emma S. Battle, President and Chief Executive Officer of MarketVigor LLC, a business services company she founded in 2003, to the Board, effective that day, with a term expiring at the Company’s 2021 Annual Meeting of Shareholders. Concurrent with her election as a director, Ms. Battle was appointed to the Compensation Committee of the Board. There are no arrangements or understandings between Ms. Battle and any other persons pursuant to which she was selected as a director. Additionally, there are no transactions involving the Company and Ms. Battle that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.
Ms. Battle will receive compensation for her Board and committee service in accordance with the Company’s Director Compensation Policy for independent directors, a copy of which was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 29, 2019. Specifically, in connection with her election as a director, Ms. Battle will receive a prorated annual retainer of $75,824, all of which will be paid in the form of shares of the Company’s common stock.
A copy of the press release announcing Ms. Battle's election is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1
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Press Release of Unifi, Inc., dated January 26, 2021.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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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UNIFI, INC. |
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Date: January 26, 2021 |
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By: |
/s/ EDMUND M. INGLE |
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Edmund M. Ingle |
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Chief Executive Officer |
Exhibit 99.1
Unifi Elects Emma Battle to the Board of Directors
Adding over 30 years of diverse business, marketing and strategy experience to the Board
Greensboro, N.C. January 26, 2021 -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today announced the election of Emma Battle to the Board of Directors as of January 25, 2021.
Ms. Battle is currently President and CEO of MarketVigor, a business services company she founded in 2003, and is the President and CEO of Higher Ed Works, a nonpartisan public charity supporting public higher education in North Carolina. She has spent the past 20 years as a leader in B2B, B2C, digital and e-commerce marketing, and she has over 30 years of business experience in marketing, operations and strategy at various companies, including Hanesbrands Inc., PepsiCo, Inc., and Red Hat, Inc. Ms. Battle received her B.A. degree in Economics and Spanish from Duke University and obtained her MBA from Harvard School of Business.
Executive Chairman Al Carey stated, “We are very excited to welcome Emma to Unifi’s Board of Directors. She brings over two decades of highly relevant business and strategy experience, and her impressive track record in marketing will be a great asset to Unifi. We believe she will provide a complementary set of perspectives to help steward our leaders and growing portfolio.”
Ms. Battle stated, “I am honored to be elected to the Board of Directors of Unifi and believe the Company has a tremendous opportunity to drive long-term growth through its innovative sustainability platform. I look forward to leveraging my past experiences to share insights with the team as they continue to execute on Unifi’s vision and operational initiatives.”
About Unifi:
Unifi, Inc. (NYSE: UFI) is a global textile solutions provider and one of the world's leading innovators in manufacturing synthetic and recycled performance fibers. Through REPREVE®, one of Unifi's proprietary technologies and the global leader in branded recycled performance fibers, Unifi has transformed more than 23 billion plastic bottles into recycled fiber for new apparel, footwear, home goods and other consumer products. The Company's proprietary PROFIBER™ technologies offer increased performance, comfort and style advantages, enabling customers to develop products that perform, look and feel better. Unifi continually innovates technologies to meet consumer needs in moisture management, thermal regulation, antimicrobial, UV protection,
stretch, water resistance and enhanced softness. Unifi collaborates with many of the world's most influential brands in the sports apparel, fashion, home, automotive and other industries. For more information about Unifi, visit www.Unifi.com.
For more information, contact:
Alpha IR Group
312-445-2870
UFI@alpha-ir.com
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