Carter's adopts limited-duration rights plan after RWWM accumulates 16.86% stake

CARTERS INC

Adopted stockholder rights agreement after RWWM, Inc. disclosed 16.86% beneficial ownership of CRI common stock.
Rights become exercisable if unapproved party acquires 15% (non-passive) or 20% (passive) of shares.
Each right entitles holder to buy $160 worth of preferred shares; after trigger, can acquire CRI shares at 50% discount.
Rights expire September 21, 2026; dividend to shareholders of record on October 3, 2025.
RWWM grandfathered at current ownership level but cannot increase stake without triggering rights.

item 1.01 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CARTERS INC: Filed Certificate of Designation of Series A Junior Participating Preferred Stock, effective September 24, 2025 (effective 2025-09-24).

Change: charter amendment
Effective: 2025-09-24

Exact text from the filing

The Certificate of Designation was filed with the Delaware Secretary of State and became effective on September 24, 2025.

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CARTERS INC filing history →

Source: SEC EDGAR

accession 0001193125-25-214246

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