---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-124684"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:28:10.742339+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Citi Trends adopts limited-duration stockholder rights plan triggered at 16% ownership

## Summary
- Rights plan expires Dec 4, 2024; triggered if any person/group acquires 16% (20% for passive investors) of common stock.
- Board adopted plan after a stockholder quickly accumulated a significant number of shares; no specific takeover bid.
- Rights become exercisable after triggering threshold crossed, allowing purchase of preferred shares at $120 per right.
- Plan intended to prevent open-market accumulation without control premium; Board will submit to shareholder ratification.
- Jefferies serving as financial advisor; Vinson & Elkins as legal advisor to Citi Trends.

## SEC filing metadata
- accession: 0001104659-23-124684
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/0001104659-23-124684-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/tm2332359d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-124684
- JSON: https://secwatch.observer/filing/0001104659-23-124684.json
- Plain text: https://secwatch.observer/filing/0001104659-23-124684.txt

## Key facts
- Governance Changes
  Citi Trends Inc: Company adopted a Certificate of Designation for Series A Junior Participating Preferred Stock, filed with the Secretary of State of Delaware on December 6, 2023 (effective 2023-12-06).
  - Change: charter amendment
  - Effective: 2023-12-06
  source text: the Company has adopted a Certificate of Designation of Series A Junior Participating Preferred Stock (the “ Certificate of Designation ”). The Certificate of Designation was filed with the Secretary of State of the State of Delaware on December 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318484/000110465923124684/0001104659-23-124684-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.