UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On November 18, 2021, the Board of Directors of Tilly’s, Inc. (the “Company”) declared a one-time special cash dividend of $1.00 per share to be paid on December 15, 2021, to all holders of record of issued and outstanding shares of the Company’s Class A common stock and Class B common stock as of the close of business on December 7, 2021. On November 19, 2021, the Company issued a press release announcing the dividend. A copy of the press release has been filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financials Statements and Exhibits |
The following exhibits are being furnished herewith.
(d) Exhibits.
| Exhibit No. |
Exhibit Title or Description | |
| 99.1 | Press Release of Tilly’s, Inc., dated November 19, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| TILLY’S, INC. | ||||||
| Date: November 19, 2021 | By: | /s/ Michael L. Henry | ||||
| Name: | Michael L. Henry | |||||
| Title: | Executive Vice President, Chief Financial Officer | |||||
Exhibit 99.1
Tilly’s, Inc. Declares Special Dividend of $1.00 per Share
Irvine, CA, November 19, 2021 — Tilly’s, Inc. (NYSE: TLYS, the “Company”) announced today that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31 million in the aggregate, on the Company’s outstanding Class A and Class B common stock. This one-time, special dividend is payable on December 15, 2021 to stockholders of record at the close of business on December 7, 2021. The Company cannot guarantee any future dividends. The declaration and payment of future dividends, if any, will be at the sole discretion of the Company’s Board of Directors based on its consideration of various factors, including the Company’s operating results, financial condition, and anticipated capital requirements.
“We are pleased that our strong operating results and cash generation have allowed us to provide another direct return to our stockholders via a special dividend for the second time in 2021,” commented Edmond Thomas, President and Chief Executive Officer.
About Tillys
Tillys is a leading specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 244 stores and its website, www.tillys.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding the Company’s declaration and payment of future dividends, if any, and any other statements about its future expectations, plans, intentions, beliefs or prospects expressed by the Company’s management are forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs, but they involve a number of inherent risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.