---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-103828"
form_type: "8-K"
ticker: null
cik: "0001483510"
company_name: "EXPRESS, INC."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:46:52.064313+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Express files Chapter 11; WHP-led consortium aims to buy substantial majority of stores; $35M DIP

## Summary
- Filed Chapter 11 in Delaware; plans to close ~95 EXPRESS stores and all UpWest stores, with closing sales starting April 23.
- Received non-binding letter of intent from WHP Global, Simon Property Group, and Brookfield for sale of substantial majority of operations.
- Secured $35M new financing from existing lenders, subject to court approval; also received $49M from IRS under CARES Act on April 15.
- Appointed Mark Still as SVP & CFO (was interim); Board appointed William Transier; CEO $500K and CFO $429K retention awards approved.
- Warns stock may become worthless; trading during Chapter 11 is highly speculative.

## SEC filing metadata
- accession: 0001193125-24-103828
- form_type: 8-K
- cik: 0001483510
- company_name: EXPRESS, INC.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/d827429d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-103828
- JSON: https://secwatch.observer/filing/0001193125-24-103828.json
- Plain text: https://secwatch.observer/filing/0001193125-24-103828.txt

## Key facts
- Debt Financings
  EXPRESS, INC. reported a default on credit facility.
  - Instrument: credit facility
  - Event: default
  source text: The filing of the Chapter 11 Cases constitutes an event of default that accelerated the Company’s obligations under the ABL Credit Agreement and the FILO Term Loan Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm
- Distress & Bankruptcy
  EXPRESS, INC. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2024-04-22).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the District of Delaware
  - Petition: 2024-04-22
  source text: On April 22, 2024 (the "Petition Date"), Express, Inc. (the "Company") and certain of its direct and indirect subsidiaries (collectively, the "Company Parties") filed voluntary petitions to commence proceedings under chapter 11 (the "Chapter 11 Cases") of title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm
- Executive change
  Mark Still was appointed as Senior Vice President and Chief Financial Officer at EXPRESS, INC..
  - Action: appointed
  - Role: Senior Vice President and Chief Financial Officer
  source text: On and effective as of April 21, 2024, prior to the commencement of the Chapter 11 Cases, the Company appointed Mr. Still as Senior Vice President and Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm
- Executive change
  William Transier was appointed as Director at EXPRESS, INC..
  - Action: appointed
  - Role: Director
  source text: On April 18, 2024, the Board of Directors (the “Board”) of the Company appointed Mr. William Transier to the Board, effective as of April 18, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm
- Executive change
  Yehuda Shmidman resigned as Director at EXPRESS, INC..
  - Action: resigned
  - Role: Director
  source text: On April 19, 2024, Yehuda Shmidman notified the Board of his decision to resign from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483510/000119312524103828/0001193125-24-103828-index.htm

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