8-K
filed August 3, 2021, 7:59 PM ET
ticker BBWI
CIK 0000701985
other material
confidence high
sentiment neutral
materiality 0.85
Bath & Body Works completes separation of Victoria's Secret; stockholders receive 1 VS share per 3 BBWI shares
Bath & Body Works, Inc.
- Separation completed on August 2, 2021 via distribution of 100% of Victoria's Secret common stock.
- Stockholders of record as of July 22, 2021 received one Victoria's Secret share for every three Bath & Body Works shares.
- Entered into Separation and Distribution, Tax Matters, Transition Services, Employee Matters, and Domestic Transportation agreements.
- Bath & Body Works amended and restated its ABL credit facility with $750 million aggregate commitments, maturing in five years.
- Bath & Body Works retains no ownership interest in Victoria's Secret after the distribution.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Anne Sheehan resigned as Director at Bath & Body Works, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 2, 2021, each of Donna A. James and Anne Sheehan resigned from the board of directors of Bath & Body Works to serve on the board of directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Donna A. James resigned as Director at Bath & Body Works, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 2, 2021, each of Donna A. James and Anne Sheehan resigned from the board of directors of Bath & Body Works to serve on the board of directors of Victoria’s Secret.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wendy C. Arlin was appointed as Executive Vice President and Chief Financial Officer at Bath & Body Works, Inc..
- Action
- appointed
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
Bath & Body Works appointed Wendy C. Arlin as Executive Vice President and Chief Financial Officer of Bath & Body Works, effective as of August 2, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Cramer was appointed as principal operating officer at Bath & Body Works, Inc..
- Action
- appointed
- Role
- principal operating officer
Exact text from the filing
On August 2, 2021, Chris Cramer was appointed principal operating officer for Bath & Body Works.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stuart Burgdoerfer retired as Executive Vice President and Chief Financial Officer at Bath & Body Works, Inc..
- Action
- retired
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
Stuart Burgdoerfer is retiring and ceased serving as Executive Vice President and Chief Financial Officer of Bath & Body Works, effective as of August 2, 2021.
View on SEC.gov
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