UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):April 18, 2019 

 

  L Brands, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-8344   31-1029810
(Commission File Number)   (IRS Employer Identification No.)

 

Three Limited Parkway

Columbus, OH

  43230
(Address of Principal Executive Offices)   (Zip Code)

 

(614) 415-7000

(Registrant’s telephone number, including area code)

 

Not Applicable

(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:

 

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

 

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

 

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

 

¨ 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging Growth Company ¨

 

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. ¨  

 

 

 

Item 1.01. Entry Into a Material Definitive Agreement.

 

On April 18, 2019, L Brands, Inc. (the “Company”) entered into an agreement (the “Agreement”) with Barington Companies Equity Partners, L.P. (“Barington Equity”) and Barington Capital Group, L.P. (“Barington Capital” and, together with Barington Equity, “Barington”), pursuant to which the Company agreed to appoint Barington Capital as a special advisor to the Company for the term of the Agreement (the “Term”) and Barington agreed to withdraw its proposed nominees for election to the Company’s Board of Directors (the “Board”) at the Company’s 2019 annual meeting of stockholders. The term of the Agreement is until the date that is 15 business days prior to the nomination deadline for the Company’s 2020 annual meeting of stockholders, provided, however, that the Company and Barington may elect to extend such term.

 

As a special advisor, Barington will provide consulting and advisory services to the Company from time to time with respect to the Company’s business, operations, strategic and financial matters, the composition of the Board and potential candidates for nomination to the Board. Pursuant to the Agreement, during the Term, Barington will vote all of its shares of Company common stock (i) in favor of the election of directors nominated by the Board, (ii) to ratify the appointment of the Company’s independent registered public accounting firm, (iii) in any manner Barington desires with respect to proposals pertaining to a merger, consolidation, business combination or other extraordinary transaction, an amendment to the Company’s certificate of incorporation or bylaws or other fundamental change to the Company and (iv) otherwise in accordance with the Board’s recommendation, subject to certain exceptions. Barington also agreed to certain restrictions during the Term, including, among other things, restrictions on soliciting proxies, making shareholder proposals, and nominating directors for election to the Board.

 

The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached as Exhibit 10.1 and is incorporated herein by reference.

 

Item 8.01. Other Events.

 

On April 18, 2019, the Company issued a press release announcing the Agreement with Barington. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.  
10.1 Agreement, dated as of April 18, 2019, by and among L Brands, Inc., Barington Companies Equity Partners, L.P. and Barington Capital Group, L.P.
99.1 Press Release, dated April 18, 2019.

 

 

 

SIGNATURES

 

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 hereunto duly authorized.

 

    L Brands, Inc.
       
Date: April 18, 2019   By:   /s/ Stuart B. Burgdoerfer
      Name: Stuart B. Burgdoerfer
      Title:   Executive Vice President and Chief Financial Officer

 

LandBridge (NYSE:LB)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more LandBridge Charts.
LandBridge (NYSE:LB)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more LandBridge Charts.