UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Emerging growth company
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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 of Steven Madden, Ltd. (the “Company”), on January 4, 2021, the Board of Directors, upon the recommendation of the Nominating/Corporate Governance Committee, determined to expand the size of the Board from nine members to ten members, such expansion to be effective as of January 4, 2021.
Appointment of New Director
On January 4, 2021, by unanimous action of the Board of Directors of the Company, also upon the recommendation of the Nominating/Corporate Governance Committee, the Board appointed Maria Teresa Kumar to fill the newly-created directorship resulting from the expansion in the size of the Board of Directors from nine members to ten members, such appointment to be effective as of January 4, 2021. Ms. Kumar has been appointed to serve on the Company’s Corporate Social Responsibility Committee.
Ms. Kumar is the President and CEO of Voto Latino, America’s largest Latinx voter registration and advocacy organization, which she co-founded in 2004. She is also a regular on-air contributor for MSNBC. Ms. Kumar serves on the Boards of Emily’s List and the World Economic Forum’s Global Shapers and is a World Economic Forum Young Global Leader and a Council on Foreign Relations Life Member. Ms. Kumar graduated from U.C. Davis with a B.A. in International Affairs and earned her Masters’ in Public Policy from Harvard’s Kennedy School.
The expansion of the Board of Directors and the appointment of Ms. Kumar were effected as part of the Company’s corporate governance planning.
There is no arrangement or understanding between Ms. Kumar 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.
| Item 7.01. | Regulation FD Disclosure. |
On January 7, 2021, the Company issued a press release, furnished as Exhibit 99.1 and incorporated into this Item 7.01 by reference, announcing that the Board of Directors of the Company had appointed Maria Teresa Kumar as a director, effective January 4, 2021.
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 | Description | |
| 99.1 | Press Release, dated January 7, 2021, announcing the appointment of Maria Teresa Kumar as a director of Steven Madden, Ltd. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
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.
Dated: January 7, 2021
| STEVEN MADDEN, LTD. | ||
| By: | /s/ Edward R. Rosenfeld | |
| Edward R. Rosenfeld | ||
| Chief Executive Officer | ||
Exhibit 99.1
Steve Madden Announces Appointment of María Teresa Kumar to Board of Directors
LONG ISLAND CITY, N.Y., January 7, 2021 – Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that María Teresa Kumar has joined the Board of Directors. Ms. Kumar’s appointment expands the Board to ten directors, eight of whom are independent directors. Ms. Kumar will be a member of the Company’s Corporate Social Responsibility Committee.
Edward Rosenfeld, Chairman and Chief Executive Officer, said, “We are delighted to welcome María Teresa to our Board of Directors. Her expertise in connecting and engaging with young audiences, particularly through digital communications, social media and influencers – combined with her passion for creating positive change in the world – make her uniquely well-suited to assist us in executing our strategy and enhancing value for all our stakeholders.”
Ms. Kumar is the President and CEO of Voto Latino, which she co-founded in 2004 and built into America’s largest Latinx voter registration and advocacy organization. She is also a regular on-air contributor for MSNBC. Ms. Kumar serves on the Boards of Emily’s List and the World Economic Forum’s Global Shapers. She is a World Economic Forum Young Global Leader and a Council on Foreign Relations Life Member. Ms. Kumar is a graduate of Harvard’s Kennedy School and U.C. Davis.
About Steve Madden
Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, GREATS®, BB Dakota® and Mad Love®, Steve Madden is a licensee of various brands, including Anne Klein® and Superga®. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains, mass merchants and online retailers. Steve Madden also operates retail stores and e-commerce websites. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps, men’s and women’s boots, fashion sneakers, slippers, dress shoes, sandals and more, visit http://www.stevemadden.com.
Contact
Steven Madden, Ltd.
Director of Corporate Development & Investor Relations
Danielle McCoy
718-308-2611
InvestorRelations@stevemadden.com
Cover |
Jan. 04, 2021 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jan. 04, 2021 |
| Entity File Number | 000-23702 |
| Entity Registrant Name | STEVEN MADDEN, LTD. |
| Entity Central Index Key | 0000913241 |
| Entity Tax Identification Number | 13-3588231 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 52-16 Barnett Avenue |
| Entity Address, City or Town | Long Island City |
| Entity Address, State or Province | NY |
| Entity Address, Postal Zip Code | 11104 |
| City Area Code | (718) |
| Local Phone Number | 446-1800 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.0001 per share |
| Trading Symbol | SHOO |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
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