Children's Place CEO Jane Elfers out; director Muhammad Umair named President and Interim CEO

Childrens Place, Inc.

Jane Elfers departs as President, CEO, and Board member effective May 20, 2024 under mutual agreement.
Umair, appointed to Board Feb 29, 2024, becomes President and Interim CEO; base salary $650K.
Separation agreement provides Elfers $3.75M lump sum plus 24 months COBRA coverage.
Umair resigns from Audit and Compensation Committees; company will use Nasdaq cure period to fill vacancy.
Board initiates search for permanent CEO; Umair brings 17 yrs financial/investment experience.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Muhammad Umair

President and Interim Chief Executive Officer

PLCE · Childrens Place, Inc.

Effective: 2024-05-20
Filed: May 21, 2024, 7:59 PM ET

the Board of Directors (the “ Board ”) of The Children’s Place, Inc. (the “ Company ”) appointed Muhammad Umair, who is currently a Board member, as President and Interim Chief Executive Officer of the Company.

Departed

Jane T. Elfers

President and Chief Executive Officer

PLCE · Childrens Place, Inc.

Effective: 2024-05-20
Successor: Muhammad Umair
Filed: May 21, 2024, 7:59 PM ET

Mr. Umair succeeds Jane T. Elfers, who departed as President and Chief Executive Officer of the Company and as a member of the Board pursuant to a mutual agreement with the Company, effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Muhammad Umair was appointed as President and Interim Chief Executive Officer at Childrens Place, Inc..

Action: appointed
Role: President and Interim Chief Executive Officer

Exact text from the filing

the Board of Directors (the “ Board ”) of The Children’s Place, Inc. (the “ Company ”) appointed Muhammad Umair, who is currently a Board member, as President and Interim Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jane T. Elfers departed as President and Chief Executive Officer at Childrens Place, Inc..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Umair succeeds Jane T. Elfers, who departed as President and Chief Executive Officer of the Company and as a member of the Board pursuant to a mutual agreement with the Company, effective as of the Effective Date.

View on SEC.gov

Childrens Place, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-063752

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