secwatch.observer — SEC 8-K summary
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Issuer:     TILLY'S, INC. (TLYS)
CIK:        0001524025
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001628280-26-012952
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilly's amends equity plan to increase annual per-person share limit to 2.5M; cancels and regrants CEO options
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- Amendment increases max annual shares per person under 2012 Plan to 2,500,000 shares and cash limit to $5,000,000.
- CEO Nathan Smith's two options (900K time-based + 900K performance-based from Sep 2025) cancelled and regranted under amended plan with same terms.
- Board approved amendment on Feb 26, 2026; effective immediately.
- Cash limit per person per year increased to $5,000,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524025/000162828026012952/0001628280-26-012952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524025/000162828026012952/tlys-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-012952

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer