0000000000-23-009481.txt : 20231017 0000000000-23-009481.hdr.sgml : 20231017 20230829073007 ACCESSION NUMBER: 0000000000-23-009481 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230829 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Zumiez Inc CENTRAL INDEX KEY: 0001318008 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 911040022 STATE OF INCORPORATION: WA FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 4001 204TH STREET SW CITY: LYNNWOOD STATE: WA ZIP: 98036 BUSINESS PHONE: 425-551-1500 MAIL ADDRESS: STREET 1: 4001 204TH STREET SW CITY: LYNNWOOD STATE: WA ZIP: 98036 PUBLIC REFERENCE ACCESSION NUMBER: 0001564590-23-006045 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Brooks Chief Executive Officer Zumiez Inc. 4001 204th Street SW Lynnwood, Washington 98036 Re: Zumiez Inc. Definitive Proxy Statement on Schedule 14A Filed April 21, 2023 File No. 000-51300 Dear Richard M. Brooks: We have limited our review of your most recent definitive proxy statement to those issues we have addressed in our comments. Please respond to these comments by confirming that you will revise your future proxy disclosures in accordance with the topics discussed below. Definitive Proxy Statement on Schedule 14A filed April 21, 2023 Pay Versus Performance Table, page 57 1. Please identify each named executive officer included in the calculation of average non- PEO named executive officer compensation, and the fiscal years in which such persons are included. You may provide this information in a footnote to the pay versus performance table. See Regulation S-K Item 402(v)(3). 2. It appears that you have not provided the relationship disclosures required by Regulation S-K Item 402(v)(5). Please provide this required disclosure in its entirety. Although you may provide this information graphically, narratively, or a combination of the two, this disclosure must be separate from the pay versus performance table required by Regulation S-K Item 402(v)(1) and must provide a clear description of each separate relationship indicated in Regulation S-K Item 402(v)(5)(i)-(iv). Please note, it is not sufficient to state that no relationship exists, even if a particular measure is not used in setting compensation. 3. We note that you include Net Sales, Product Margin and Operating Profit as your Company-Selected Measures. Regulation S-K Item 402(v)(2)(vi) permits you to designate only one Company-Selected Measure, which, in your assessment, "represents the most important financial performance measure (that is not otherwise required to be disclosed in the table) used by [you] to link compensation actually paid to [your] named executive Richard M. Brooks Zumiez Inc. August 29, 2023 Page 2 officers, for the most recently completed fiscal year, to company performance." Please ensure that you include only one Company-Selected Measure in the table. You may elect to provide in the table one or more performance measures in addition to the Company- Selected Measure, provided that the disclosures about those measures "may not be misleading or obscure the required information, and the additional performance measures may not be presented with greater prominence than the required disclosure." See Pay Versus Performance, Release No. 34 95607 (Apr. 29, 2015) [87 FR 55134 (Sept. 8, 2022)] at 55159. Also note that each additional measure must also be accompanied by a clear description of the relationship between executive compensation actually paid to the registrant s PEO, and, on average, to the other NEOs, and that measure, across each of the fiscal years included in the pay versus performance table. See Regulation S-K Item 402(v)(5)(iv). In addition, for any such measure provided in the pay versus performance table that is not a financial measure under generally accepted accounting principles, please ensure that you provide disclosure showing how the measure is calculated from your audited financial statements, as required by Regulation S-K Item 402(v)(2)(v). If the disclosure appears in a different part of the definitive proxy statement you may satisfy the disclosure requirement by a cross-reference thereto; however, incorporation by reference to a separate filing will not satisfy this disclosure requirement. 4. It appears that you have not provided the tabular list of at least three, and up to seven, financial performance measures, which in your assessment represent the most important financial performance measures used by you to link compensation actually paid to your named executive officers, for the most recently completed fiscal year, to your performance, as required by Regulation S-K Item 402(v)(6). Please ensure that you provide this required disclosure in its entirety. The Tabular List should include your Company-Selected Measure and any additional measures that you have elected to include in the pay versus performance table. Please contact John Stickel at 202-551-3324 or Amanda Ravitz at 202-551-3412 with any questions. FirstName LastNameRichard M. Brooks Sincerely, Comapany NameZumiez Inc. Division of Corporation Finance August 29, 2023 Page 2 Disclosure Review Program FirstName LastName