STEVEN MADDEN, LTD.

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STEVEN MADDEN, LTD. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

01/10/2022 | 04:03pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.




Expansion of the Board



By unanimous action of the Board of Directors (the "Board") of Steven Madden, Ltd. (the "Company"), on January 7, 2022, the Board, upon the recommendation of the Nominating/Corporate Governance Committee, determined to expand the size of the Board from nine members to eleven members, such expansion to be effective as of January 7, 2022.




Appointment of New Directors



On January 7, 2022, by unanimous action of the Board, also upon the recommendation of the Nominating/Corporate Governance Committee, the Board appointed Ms. Arian Simone and Mr. Peter A. Davis to fill the newly-created directorships resulting from the expansion in the size of the Board from nine members to eleven members, such appointment to be effective as of January 7, 2022. Ms. Simone has been appointed to serve on the Company's Nominating/Corporate Governance Committee and Mr. Davis has been appointed to serve on the Company's Compensation Committee.

Ms. Simone is President and Chief Executive Officer of Fearless Fund, a venture capital fund that invests in women of color led businesses, which she co-founded in 2018. From 2004 to 2017, Ms. Simone was the owner of AR PR Marketing, a publicity and marketing strategy firm. Ms. Simone serves as a member on the Board of Directors for the Birmingham Civil Rights Institute. In 2021, Ms. Simone was the recipient of the 15th Annual General Motors African Ancestry Network Black History Month Celebration Entrepreneurial Spirit Award and the Detroit Branch NAACP Great Expectations Award.

Mr. Davis has over 30 years of experience in the footwear and apparel industry, having held executive leadership positions in sales and marketing with companies including Skechers, Fila, Reebok, Joy & Mario, and Dynasty Footwear. Mr. Davis also founded The Infamous Black Sheep Brand, an urban action sports lifestyle brand. A former player in the NBA, today, Mr. Davis runs Pete Davis Basketball, a grassroots community youth basketball organization.

Each of Ms. Simone and Mr. Davis will receive customary compensation from the Company for serving as a non-employee director, in accordance with the Company's director compensation program as described in the Company's proxy statement for its 2021 annual meeting of stockholders, filed with the Securities and Exchange Commission on April 8, 2021.

The expansion of the Board and the appointment of Ms. Simone and Mr. Davis were effected as part of the Company's corporate governance planning.

There is no arrangement or understanding between Ms. Simone and any other person pursuant to which she was selected as a director nor are there any disclosable arrangements under Item 404(a) of Regulation S-K.

There is no arrangement or understanding between Mr. Davis and any other person pursuant to which he was selected as a director nor are there any disclosable arrangements under Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On January 10, 2022, the Company issued a press release, furnished as Exhibit 99.1 and incorporated into this Item 7.01 by reference, announcing that the Board had appointed Ms. Simone and Mr. Davis as directors, effective January 7, 2022.

The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

This information is intended to be furnished under this Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.



(d)     Exhibits.



Exhibit No.   Description

99.1            Press Release, dated January 10, 2022, announcing two new appointments
              to Board of Directors.

104           Cover Page Interactive Data File (formatted as Inline XBRL).

© Edgar Online, source Glimpses

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Net income 2022 236 M - -
Net cash 2022 48,9 M - -
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Number of Analysts 9
Last Close Price 36,00 $
Average target price 55,25 $
Spread / Average Target 53,5%
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Edward R. Rosenfeld Director
Amelia Newton Varela Executive Vice President-Wholesale
Zine Mazouzi Chief Financial Officer
Awadhesh K. Sinha Chief Operating Officer
Peter Migliorini Lead Independent Director
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