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4-Traders Homepage  >  Equities  >  Nyse  >  Tilly's Inc    TLYS

Delayed Quote. Delayed  - 08/24 03:34:03 pm
6.65 USD   +0.61%
08/15 TILLY’S, : Appoints Jon Kubo as Chief Digital Officer
07/28 TILLY’S, : to Report Second Quarter Fiscal 2016 Results on Au..
06/12 TILLY : Algonquin Commons celebrates being dog friendly
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TILLY'S, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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08/15/2016 | 10:18pm CEST

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

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.


On August 15, 2016, Tilly's, Inc. (the "Company") publicly announced the appointment of Jon Kubo, age 58, to serve in the Company's newly created position of Chief Digital Officer, effective August 15, 2016.

Prior to joining the Company, Mr. Kubo served as Chief Digital Officer at Boot Barn Holdings, Inc. since May 2015. Mr. Kubo served at The Wet Seal, LLC as Executive Vice President, Chief Digital Officer from October 2014 to May 2015, and as Senior Vice President, E-Commerce and Chief Information Officer from March 2005 to October 2011. In between his tenures at The Wet Seal, LLC, Mr. Kubo served at 8thBridge, Inc. as Chief Product Officer from October 2011 to October 2014. Mr. Kubo has also served as Executive Vice President, Chief Administration Officer at F.A.O. Schwarz from March 2004 to February 2005 and Senior Vice President, Chief Information Officer of FAO, Inc. from May 2000 to March 2004. He has also held several executive positions in the software technology industry.

Mr. Kubo is a party to an offer letter with the Company, dated July 8, 2016 (the "Offer Letter"), pursuant to which he will receive an annual salary of $350,000 and be eligible to participate in the Company's annual cash bonus plan. Under the Company's cash bonus plan, Mr. Kubo's target bonus opportunity will be 50% of his base salary, with an opportunity to earn a maximum of 100% of his base salary. Mr. Kubo will also receive a $50,000 sign-on bonus and an initial grant of 50,000 options to purchase shares of the Company's Class A common stock. The equity award will vest in four equal annual installments. The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by the text of the agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

There are no (i) family relationships between Mr. Kubo and any other director or executive officer of the Company, or with any person selected to become an officer or a director of the Company, or (ii) related party transactions with Mr. Kubo requiring disclosure pursuant to Item 404 of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1 Offer Letter, dated July 8, 2016, for Jon Kubo

99.1 Press Release, dated August 15, 2016

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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Financials ($)
Sales 2017 560 M
EBIT 2017 9,85 M
Net income 2017 5,94 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 32,58
P/E ratio 2018 22,68
Capi. / Sales 2017 0,34x
Capi. / Sales 2018 0,32x
Capitalization 188 M
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 7,90 $
Spread / Average Target 20%
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Managers
NameTitle
Edmond S. Thomas President, Chief Executive Officer & Director
Hezy Shaked Executive Chairman & Chief Strategy Officer
Michael L. Henry Chief Financial Officer
Janet E. Kerr Independent Director
Seth R. Johnson Independent Director
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