Express names Stewart Glendinning as new CEO; reaffirms guidance

EXPRESS, INC.

CEO Tim Baxter resigned effective Sept 15; Stewart Glendinning appointed CEO same day.
Glendinning base salary $1.35M, target STI 150% of base, LTI target $4.2M; $2M make-whole bonus.
Baxter severance: $1.35M base (12 monthly installments), actual STI, COBRA for 12 months.
Company reaffirms guidance previously announced on Sept 6, 2023.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Tim Baxter

Chief Executive Officer

EXPRESS, INC.

Effective: 2023-09-15
Successor: Stewart Glendinning
Filed: September 11, 2023, 7:59 PM ET

On September 6, 2023, Tim Baxter informed the board of directors (the “Board”) of Express, Inc. (the “Company”) of his decision to resign as Chief Executive Officer and as a member of the Board.

Appointed

Stewart Glendinning

Chief Executive Officer

EXPRESS, INC.

Effective: 2023-09-15
Filed: September 11, 2023, 7:59 PM ET

On September 6, 2023, the Board appointed Stewart Glendinning as Chief Executive Officer of the Company, effective as of September 15, 2023

Appointed

Stewart Glendinning

Class I director

EXPRESS, INC.

Effective: 2023-09-15
Filed: September 11, 2023, 7:59 PM ET

Also, effective as of such date, Mr. Glendinning will join the Board to fill the vacancy resulting from Mr. Baxter’s resignation as a Class I director of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tim Baxter resigned as Chief Executive Officer at EXPRESS, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On September 6, 2023, Tim Baxter informed the board of directors (the “Board”) of Express, Inc. (the “Company”) of his decision to resign as Chief Executive Officer and as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stewart Glendinning was appointed as Chief Executive Officer at EXPRESS, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 6, 2023, the Board appointed Stewart Glendinning as Chief Executive Officer of the Company, effective as of September 15, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stewart Glendinning was appointed as Class I director at EXPRESS, INC..

Action: appointed
Role: Class I director

Exact text from the filing

Also, effective as of such date, Mr. Glendinning will join the Board to fill the vacancy resulting from Mr. Baxter’s resignation as a Class I director of the Company

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-232475

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