M&A - CALERES INC

Form Type: DEF 14A

Filing Date: 2025-04-10

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525078007

Filing Summary: On April 10, 2025, Caleres, Inc. filed its Definitive Proxy Statement in connection with the upcoming annual meeting scheduled for May 22, 2025. The meeting will address vital matters including the election of eleven directors, the ratification of Ernst & Young LLP as independent registered public accountants, and the approval of the company's executive compensation. Notably, Caleres highlights its acquisition of Stuart Weitzman, which marks a significant strategic expansion within its footwear portfolio. The company emphasizes its commitment to maintaining a disciplined financial approach while returning cash to shareholders through dividends and share repurchases, reflecting strong operational performance amid market challenges. With new leadership and strategic investments, Caleres aims for continued growth in 2025. The document confirms that shareholders can view proxy materials online, encouraging electronic participation to reduce environmental impacts.

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Form Type: 8-K

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: New

Accession Number: 000001470725000010

Filing Summary: On February 16, 2025, Caleres, Inc. entered into a Sale and Purchase Agreement with Tapestry, Inc. to acquire the Stuart Weitzman business for a purchase price of $105 million in cash, subject to adjustments related to cash, debt, and working capital. The Purchase Agreement includes standard representations, warranties, and covenants, along with a representations and warranties insurance policy providing coverage for breaches, excluding claims of fraud. The transaction is contingent on customary closing conditions and the parties will enter a transition services agreement for ongoing support. On February 19, 2025, Caleres issued a press release announcing the acquisition, indicating its significance to stakeholders.

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