---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-081293"
form_type: "8-K"
ticker: "PLCE"
cik: "0001041859"
company_name: "Childrens Place, Inc."
filed_at: "2026-07-07T20:30:29+00:00"
generated_at: "2026-07-07T20:31:09.080329+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Children's Place borrows $15M from Mithaq; CEO Umair resigns, Seemab named interim CEO

## Summary
- Entered $15M Shariah-compliant promissory note with Mithaq Capital SPC; remaining availability under $40M facility reduced to $25M.
- Muhammad Umair resigned as President and CEO effective July 6, 2026; remains on board and in negotiations for new role.
- Board appointed Muhammad Asif Seemab as President and Interim CEO; Seemab is Managing Director of Mithaq Holding Company.
- Seemab's annual cash compensation remains $497,500; no bonus, equity, or severance benefits.
- Third Mithaq Term Loan matures April 16, 2031, interest at SOFR + 9% p.a., subordinated to existing credit facilities.

## SEC filing metadata
- accession: 0001104659-26-081293
- form_type: 8-K
- ticker: PLCE
- cik: 0001041859
- company_name: Childrens Place, Inc.
- filed_at: 2026-07-07T20:30:29+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041859/000110465926081293/0001104659-26-081293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041859/000110465926081293/tm2619819d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-081293
- JSON: https://secwatch.observer/filing/0001104659-26-081293.json
- Plain text: https://secwatch.observer/filing/0001104659-26-081293.txt

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