8-K
filed August 3, 2021, 7:59 PM ET
ticker VSCO
CIK 0001856437
M&A
confidence high
sentiment neutral
materiality 0.90
Victoria's Secret completes spin-off from Bath & Body Works, begins trading as VSCO
Victoria's Secret & Co.
- Distribution completed August 2, 2021; Victoria's Secret (VSCO) shareholders received 1 share for every 3 Bath & Body Works shares held as of July 22, 2021.
- Entered into $400M Term Loan B Facility (LIBOR+3.25%, 7-yr maturity) and an ABL revolving credit facility.
- Executed separation, tax, transition services, employee matters, and transportation agreements with Bath & Body Works.
- Bath & Body Works retains no ownership; Victoria's Secret now independent, publicly traded on NYSE.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Donna A. James was appointed as Chair of the Board at Victoria's Secret & Co..
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
Donna A. James was appointed Chair of the Board effective as of 11:59 p.m. Eastern Time on August 2, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Dein Boyle was appointed as Chief Operating Officer of Victoria's Secret at Victoria's Secret & Co..
- Action
- appointed
- Role
- Chief Operating Officer of Victoria's Secret
Exact text from the filing
Dein Boyle was appointed to serve as the Chief Operating Officer of Victoria’s Secret
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Timothy Faber resigned as Director at Victoria's Secret & Co..
- Action
- resigned
- Role
- Director
Exact text from the filing
Resignation of Directors Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Timothy Faber and Michael Wu (collectively, the “ Resigning Directors ”) resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael Wu resigned as Director at Victoria's Secret & Co..
- Action
- resigned
- Role
- Director
Exact text from the filing
Resignation of Directors Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Timothy Faber and Michael Wu (collectively, the “ Resigning Directors ”) resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gregory Unis was appointed as Chief Executive Officer of Victoria's Secret Beauty at Victoria's Secret & Co..
- Action
- appointed
- Role
- Chief Executive Officer of Victoria's Secret Beauty
Exact text from the filing
Gregory Unis was appointed to serve as the Chief Executive Officer of Victoria’s Secret Beauty
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jacqueline Hernandez was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Appointment of Directors and Officers Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Martin Waters, Irene Chang Britt, Jacqueline Hernandez, Donna A. James, Lauren B. Peters and Anne Sheehan were appointed as directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Martin Waters was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Appointment of Directors and Officers Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Martin Waters, Irene Chang Britt, Jacqueline Hernandez, Donna A. James, Lauren B. Peters and Anne Sheehan were appointed as directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Irene Chang Britt was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Appointment of Directors and Officers Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Martin Waters, Irene Chang Britt, Jacqueline Hernandez, Donna A. James, Lauren B. Peters and Anne Sheehan were appointed as directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Anne Sheehan was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Appointment of Directors and Officers Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Martin Waters, Irene Chang Britt, Jacqueline Hernandez, Donna A. James, Lauren B. Peters and Anne Sheehan were appointed as directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Amy Hauk was appointed as Chief Executive Officer of PINK at Victoria's Secret & Co..
- Action
- appointed
- Role
- Chief Executive Officer of PINK
Exact text from the filing
Amy Hauk was appointed to serve as the Chief Executive Officer of PINK
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lauren B. Peters was appointed as Director at Victoria's Secret & Co..
- Action
- appointed
- Role
- Director
Exact text from the filing
Appointment of Directors and Officers Effective as of 11:59 p.m. Eastern Time on August 2, 2021, Martin Waters, Irene Chang Britt, Jacqueline Hernandez, Donna A. James, Lauren B. Peters and Anne Sheehan were appointed as directors of Victoria’s Secret.
View on SEC.gov
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