---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-120355"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:24:06.808585+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citi Trends appoints Ken Seipel permanent CEO; Q3 comp sales +5.7% above guidance

## Summary
- Ken Seipel, interim CEO since June, appointed permanent CEO effective Nov 18, 2024; base salary $725K/year.
- Peter Sachse, Executive Chairman, appointed Chairman of the Board.
- Preliminary Q3 total sales $179.1M; comparable store sales +5.7% vs guidance of flat to up low single digits.
- Preliminary gross margin 39.8%, up 160 bps YoY; adjusted EBITDA loss of $3.3M (includes strategic costs).
- Q3 performance driven by improved product, better allocation, and increased customer traffic.

## SEC filing metadata
- accession: 0001104659-24-120355
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465924120355/0001104659-24-120355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465924120355/tm2428720d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-120355
- JSON: https://secwatch.observer/filing/0001104659-24-120355.json
- Plain text: https://secwatch.observer/filing/0001104659-24-120355.txt

## Key facts
- Executive change
  Kenneth (Ken) D. Seipel was appointed as Chief Executive Officer at Citi Trends Inc.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 19, 2024, the Company announced that its Board of Directors (the “Board”) has concluded its search for a Chief Executive Officer and has appointed Kenneth (Ken) D. Seipel, the Company’s Interim Chief Executive Officer and a member of the Board, to serve as its permanent Chief Executive Officer, effective as of November 18, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318484/000110465924120355/0001104659-24-120355-index.htm

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