Citi Trends Inc - Current report filing (8-K)
March 25 2008 - 4:15PM
Edgar (US Regulatory)
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):
March 19, 2008
Citi Trends, Inc.
(Exact name of
registrant as specified in its charter)
Delaware
|
|
000-51315
|
|
52-2150697
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification
No.)
|
104 Coleman Boulevard, Savannah,
Georgia
|
|
31408
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrants
telephone number, including area code:
(912) 236-1561
102 Fahm Street, Savannah,
Georgia 31401
Former name or
former address, if changed since last report
:
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))
|
Item 5.02.
|
|
Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
|
On
March 19, 2008, the Compensation Committee of the Board of Directors of
Citi Trends, Inc. (the Company) increased the salary and bonus
opportunity for James A. Dunn, the Companys Senior Vice President of Store
Operations, and Bruce D. Smith, the Companys Senior Vice President and Chief
Financial Officer, and increased the salary for R. Edward Anderson, the
Companys Chairman and Chief Executive Officer.
Mr. Dunns base salary was increased to $210,000 and his bonus
opportunity was increased to 50% of his base salary. Mr. Smiths base salary was increased to
$280,000 and his bonus opportunity has been increased to 50% of his base
salary. Mr. Andersons annual base
salary was increased to $500,000.
2
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
|
CITI TRENDS, INC.
|
|
|
|
Date: March 25, 2008
|
By:
|
/s/ Bruce D. Smith
|
|
|
|
|
|
Name: Bruce D. Smith
|
|
|
Title: Chief Financial Officer
|
3
Citi Trends (NASDAQ:CTRN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Citi Trends (NASDAQ:CTRN)
Historical Stock Chart
From Jul 2023 to Jul 2024