QVC Group, Inc. shareholders approved Proposal to approve amendment to Restated Certificate of Incorporation to effect a reverse stock split at the 2023-06-06 meeting.
“The Reverse Stock Split Proposal Votes For Votes Against Abstentions Broker Non-Votes 401,995,770 6,875,291 1,006,755 –”
Shareholder Votes
QVC Group, Inc. shareholders approved Election of Class I directors: Fiona P. Dias, Evan D. Malone, and Larry E. Romrell at the 2023-06-06 meeting.
“Election of the following Nominees to the Company’s Board of Directors Director Nominee Votes For Votes Withheld Broker Non-Votes Fiona P. Dias 273,743,801 91,103,960 45,030,055 Evan D. Malone 305,885,862 58,961,899 45,030,055 Larry E. Romrell 296,877,080 67,970,681 45,030,055”
Earnings Releases
QVC Group, Inc. reported first quarter 2023 results: revenue $2.6 billion, EPS $0.05.
“First quarter 2023 operating results: ● Qurate Retail revenue decreased 8% to $2.6 billion o In constant currency (2) revenue decreased 6% ● Qurate Retail reported diluted EPS of $0.05 o Adjusted diluted EPS (3) of $(0.05)”
Listing & Compliance Notices
QVC Group, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
“May 1, 2023, Qurate Retail, Inc. (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s Series A common stock, par value $0.01 per share (“QRTEA”), has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing of QRTEA on the Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price”
Earnings Releases
QVC Group, Inc. reported fiscal year ended December 31, 2022 results: revenue $12.1 billion, EPS $(6.83).
“● Total Qurate Retail revenue decreased 13% to $3.5 billion in Q4, and decreased 14% to $12.1 billion in full year ● In constant currency (2) revenue decreased 10% in Q4 and 11% in full year ● eCommerce revenue decreased 14% to $2.3 billion or 64% of total revenue in Q4, and decreased 14% to $7.6 billion or 62% of total revenue in full year ● Qurate Retail reported diluted EPS of $(0.13) in Q4 and $(6.83) in full year ● Adjusted diluted EPS (3) of $(0.05) in Q4 and $0.15 in full year”
“● Total Qurate Retail revenue decreased 13% to $3.5 billion in Q4, and decreased 14% to $12.1 billion in full year ● In constant currency (2) revenue decreased 10% in Q4 and 11% in full year ● eCommerce revenue decreased 14% to $2.3 billion or 64% of total revenue in Q4, and decreased 14% to $7.6 billion or 62% of total revenue in full year ● Qurate Retail reported diluted EPS of $(0.13) in Q4 and $(6.83) in full year ● Adjusted diluted EPS (3) of $(0.05) in Q4 and $0.15 in full year”
Earnings Releases
QVC Group, Inc. reported third quarter 2022 results: revenue $2.7 billion, EPS $(7.21).
“Third quarter 2022 operating results: ● Qurate Retail revenue decreased 13% to $2.7 billion ● In constant currency (2) revenue decreased 9% ● eCommerce revenue decreased 13% to $1.7 billion or 62% of total revenue ● Qurate Retail reported diluted EPS of $(7.21), including impact of non-cash impairment recognized at QxH and Zulily related to tradenames and goodwill (additional detail below) ● Adjusted diluted EPS (3) of $(0.08)”
Michael A. George resigned as Director at QVC Group, Inc..
“As previously announced, Michael A. George will resign from the Board effective January 1, 2022.”
David Rawlinson II was appointed as Director at QVC Group, Inc..
“On December 6, 2021, David Rawlinson II was appointed to the board of directors (the “Board”) of Qurate Retail, Inc. (the “Corporation”), effective January 1, 2022.”
David E. Rapley resigned as Director at QVC Group, Inc..
“On August 18, 2021, David E. Rapley resigned from the board of directors (the “Board”) of Qurate Retail, Inc. (the “Company”), effective immediately.”
David Rawlinson II was appointed as Director at QVC Group, Inc..
“Mr. Rawlinson is expected to be appointed as a member of the Board effective as of January 1, 2022.”
Michael A. George departed as Director at QVC Group, Inc..
“Mr. George will resign from the Board effective January 1, 2022”
David Rawlinson II was appointed as President and Chief Executive Officer at QVC Group, Inc..
“effective October 1, Mr. Rawlinson will serve as President and Chief Executive Officer of QRI, with Mr. George assuming the role of Senior Advisor.”
David Rawlinson II was appointed as President and Chief Executive Officer-Elect at QVC Group, Inc..
“effective August 1, 2021, Mr. Rawlinson will serve as President and Chief Executive Officer-Elect of QRI”
Michael A. George changed role as Chief Executive Officer at QVC Group, Inc..
“effective October 1, Mr. Rawlinson will serve as President and Chief Executive Officer of QRI, with Mr. George assuming the role of Senior Advisor.”
Michael A. George changed role as President at QVC Group, Inc..
“Mr. George will step down as President effective August 1, 2021 and as Chief Executive Officer effective October 1, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.