---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-275573"
form_type: "8-K"
ticker: "JILL"
cik: "0001687932"
company_name: "J.Jill, Inc."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:45:28.782611+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# J.Jill CEO Spofford to retire Apr 2025; Q3 net income up to $12.3M, EPS $0.80; board authorizes $25M buyback

## Summary
- CEO Claire Spofford to retire effective April 15, 2025; will remain in role until then; executive search firm retained to find successor; retirement not due to disagreement.
- Q3 FY2024 net sales $151.3M (+0.3% YoY), gross margin 71.4% (down 60bps), operating income $19.2M (down from $22.1M), net income $12.3M (up from $11.6M), diluted EPS $0.80 (flat).
- Adjusted diluted EPS $0.89 (up from $0.83); Adjusted EBITDA $26.8M (down from $28.6M); comparable sales down 0.8% including ~50bps hurricane impact.
- Board approved $25M share repurchase program over two years; company ended Q3 with $38.8M cash and $61.7M inventory.
- Entered consulting agreement with Elm Street (owned by former director Jim Scully) for $200K upfront + $300K monthly through Jun 2025; option to purchase 100K shares.

## SEC filing metadata
- accession: 0001193125-24-275573
- form_type: 8-K
- ticker: JILL
- cik: 0001687932
- company_name: J.Jill, Inc.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687932/000119312524275573/0001193125-24-275573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687932/000119312524275573/d823395d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-275573
- JSON: https://secwatch.observer/filing/0001193125-24-275573.json
- Plain text: https://secwatch.observer/filing/0001193125-24-275573.txt

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