UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 21, 2018

 

Tailored Brands, Inc.

(Exact name of registrant as specified in its charter)

 

Texas
(State or other jurisdiction
of incorporation)

 

1-16097
(Commission File Number)

 

47-4908760
(IRS Employer Identification No.)

 

6380 Rogerdale Road
Houston, Texas
(Address of principal executive offices)

 


77072

(Zip Code)

 

281-776-7000
(Registrant’s telephone number,
including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 5.02                                           Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 21, 2018, the shareholders of Tailored Brands, Inc. (the “Company”) adopted the Amended and Restated Tailored Brands, Inc. Employee Stock Purchase Plan (the Company’s Employee Stock Purchase Plan, being referred to herein as the “Amended Plan”).  A copy of the Amended Plan is filed herewith as Exhibit 10.1 and incorporated herein by reference.

 

Item 5.07                                           Submission of Matters to a Vote of Security Holders.

 

(a)                                 On June 21, 2018, the Company held its Annual Meeting of Shareholders.  At the meeting, the shareholders voted on the following proposals:

 

1.                                      the election of nine directors to the Company’s Board of Directors for the coming year;

 

2.                                      the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2018;

 

3.                                      approval, on an advisory basis, of the compensation of the Company’s named executive officers; and

 

4.                                      adoption of the Amended and Restated Tailored Brands, Inc. Employee Stock Purchase Plan.

 

(b)                                 The nine nominees to the Board of Directors of the Company were elected at the meeting and proposals 2, 3 and 4 each received the affirmative votes required for approval.

 

The number of shares voted for, against and withheld, as well as the number of broker non-votes and abstentions, as the case may be, as to each proposal were as follows:

 

Proposal 1 — Election of Directors:

 

Nominee

 

Shares Voted For

 

Shares Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

Dinesh S. Lathi

 

40,857,906

 

369,026

 

4,950,542

 

 

 

 

 

 

 

 

 

David H. Edwab

 

40,263,743

 

963,189

 

4,950,542

 

 

 

 

 

 

 

 

 

Douglas S. Ewert

 

40,903,011

 

323,921

 

4,950,542

 

 

 

 

 

 

 

 

 

Irene Chang Britt

 

40,660,475

 

566,457

 

4,950,542

 

 

 

 

 

 

 

 

 

Rinaldo S. Brutoco

 

40,484,561

 

742,371

 

4,950,542

 

 

 

 

 

 

 

 

 

Sue Gove

 

40,987,025

 

239,907

 

4,950,542

 

 

 

 

 

 

 

 

 

Theo Killion

 

40,899,641

 

327,291

 

4,950,542

 

 

 

 

 

 

 

 

 

Grace Nichols

 

41,049,585

 

177,347

 

4,950,542

 

 

 

 

 

 

 

 

 

Sheldon I. Stein

 

40,727,937

 

498,995

 

4,950,542

 

 

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Proposal 2 — Ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2018:

 

Shares Voted For

 

Shares Voted Against

 

Abstentions

 

 

 

 

 

 

 

45,225,018

 

870,713

 

81,743

 

 

Proposal 3 — Approval, on an advisory basis, of the compensation of the Company’s named executive officers:

 

Shares Voted For

 

Shares Voted Against

 

Abstentions

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

36,437,039

 

4,662,589

 

127,304

 

4,950,542

 

 

Proposal 4 — Adoption of the Amended and Restated Tailored Brands, Inc. Employee Stock Purchase Plan:

 

Shares Voted For

 

Shares Voted Against

 

Abstentions

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

40,666,583

 

463,460

 

96,889

 

4,950,542

 

 

Item 8.01                                           Other Events.

 

On June 25, 2018, the Company issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company’s common stock, payable on September 28, 2018 to shareholders of record at the close of business on September 18, 2018.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)  Exhibits.  The following exhibits are included in this Form 8-K:

 

Number

 

Description

 

 

 

10.1

 

Amended and Restated Tailored Brands, Inc. Employee Stock Purchase Plan (incorporated by reference from Appendix A to the Company’s proxy statement on Schedule 14A relating to the 2018 Annual Meeting of Shareholders of the Company filed with the Commission on May 10, 2018 (File No. 1-16097).

 

 

 

99.1

 

Press Release of the Company dated June 25, 2018 (filed herewith).

 

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Index to Exhibits

 

Exhibit No.

 

Description

 

 

 

10.1

 

Amended and Restated Tailored Brands, Inc. Employee Stock Purchase Plan (incorporated by reference from Appendix A to the Company’s proxy statement on Schedule 14A relating to the 2018 Annual Meeting of Shareholders of the Company filed with the Commission on May 10, 2018 (File No. 1-16097).

 

 

 

99.1

 

Press Release of the Company dated June 25, 2018 (filed herewith).

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date:                  June 25, 2018

 

 

 

TAILORED BRANDS, INC.

 

 

 

 

 

By:

/s/ BRIAN T. VACLAVIK

 

 

Brian T. Vaclavik

 

 

Senior Vice President and Chief Accounting Officer

 

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