Citi Trends agrees to board refresh with three new directors from Fund 1 Investments; three incumbents to retire

Citi Trends Inc

David Heath, Charles Liu, Michael Kvitko to be nominated at 2024 annual meeting; will serve as non-voting observers until then.
Incumbent directors Brian Carney, Laurens Goff, Christina Francis to retire after 2024 annual meeting.
Fund 1 agrees to standstill, voting commitments; exempt from poison pill up to 30% ownership.
Fund 1 withdrew Section 220 books-and-records demand; expense reimbursement capped at $150,000.
Board stays at nine directors; new directors to serve on Compensation, Nominating, and Finance Committees.

item 1.01 item 3.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Brian Carney

Director

CTRN · Citi Trends Inc

Filed: February 29, 2024, 6:59 PM ET

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

Departed

Christina Francis

Director

CTRN · Citi Trends Inc

Filed: February 29, 2024, 6:59 PM ET

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

Departed

Laurens Goff

Director

CTRN · Citi Trends Inc

Filed: February 29, 2024, 6:59 PM ET

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Carney retired as Director at Citi Trends Inc.

Action: retired
Role: Director

Exact text from the filing

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christina Francis retired as Director at Citi Trends Inc.

Action: retired
Role: Director

Exact text from the filing

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laurens Goff retired as Director at Citi Trends Inc.

Action: retired
Role: Director

Exact text from the filing

Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.

View on SEC.gov

Citi Trends Inc filing history →

Source: SEC EDGAR

accession 0001104659-24-029257

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