secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001104659-23-024793
Event type: cyber
Sentiment:  negative
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends hit by Hive ransomware; back office and DC systems disrupted, stores unaffected
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- Disruption occurred Jan 14, 2023; Hive ransomware affected back office and distribution center IT systems.
- Stores and financial system of record remained fully operational; no sensitive customer data retained.
- FBI provided decryption tools after disrupting Hive network; critical systems restored.
- Impact not material to Q4 FY2022 results; not expected to be material to FY2023.
- Merchandise flow to stores began normalizing in third week of February 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923024793/0001104659-23-024793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923024793/tm237638d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-024793

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