June 29, 2016
Chico's FAS, Inc. Issues Statement Correcting Another Round of Inaccurate Assertions from Barington Capital
Chico's FAS, Inc. (NYSE: CHS) today issued the following statement in response to a letter published by Barington Capital Group, L.P. ("Barington") on June 28, 2016 : Barington is not a long-term investor in Chico's FAS and almost half of its claimed current ownership is made up of derivative contracts. Barington and its affiliates own approximately 0.92% of the Company's outstanding shares and own derivatives potentially convertible into another approximately 0.64% of the Company's outstanding shares, the majority of which were purchased within the past six months. Further, as shown in its proxy materials, between September 2014 and September 2015, Barington sold down its entire prior ownership position in the Company's common stock. When compared to Chico's FAS world-class director nominees, we believe Barington's less-qualified candidates are simply not as well positioned to represent shareholders' interests. Although Barington cites its investments in various retailers as a...
June 24, 2016
Chico's FAS Reviews Wide-Spread Industry Analyst Support for New CEO and Progress Being Made on New Strategic Plan
Chico's FAS Board Nominees Are Best Qualified to Support New Plan and Value Creation Mails Letter Urging Shareholders to Vote "FOR" Board's Highly-Qualified Director Nominees on the WHITE Proxy Card Posts Video Showcasing New CEO Shelley Broader and Progress Underway Chico's FAS, Inc. (NYSE: CHS), in connection with its Annual Meeting of Shareholders to be held on July 21, 2016 , today mailed a letter to shareholders and posted a video featuring Shelley Broader , the Company's Chief Executive and President, on the Company's website. The video is available at www.chicosfas.com under the "Quick Links" heading and in the "Investor Overview" section. In the video, Ms. Broader discusses the progress the Company is making and the unanimous recommendation of the Chico's FAS Board of Directors to vote on the WHITE proxy card "FOR" the Board's four world-class nominees – Shelley Broader , Bonnie Brooks , Janice Fields and William "Bill" Simon. Highlights from the letter include: Positive...
June 21, 2016
Chico's FAS Files Investor Presentation
Highlights Significant Progress Made by New CEO through Company's New Strategic Plan Barington's Nominees Lack the Skills and Expertise Chico's FAS Needs Urges Shareholders to Vote "FOR" the Superior Chico's FAS Board Slate on the WHITE Proxy Card Chico's FAS, Inc. (NYSE: CHS) today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission (" SEC ") in connection with the Company's 2016 Annual Meeting of Shareholders to be held on July 21, 2016 . Shareholders of record as of May 16, 2016 will be entitled to vote at the meeting. The presentation and other materials regarding the Board of Directors recommendation for the 2016 Annual Meeting of Shareholders are available on the Investor Relations section of the Chico's FAS website at www.chicosfas.com. Highlights of the presentation filed today include: I. Chico's FAS is Successfully Executing on a New Strategy for Profitable Growth and Value Creation In less than six months, new CEO and...
June 17, 2016
Chico's FAS, Inc. Declares Cash Dividend of $0.08 Per Share
Chico's FAS, Inc. ( CHS ) today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share of its common stock, a 3.2% increase over the dividend rate from September 2015. The dividend is payable on September 26, 2016 to Chico's FAS shareholders of record at the close of business on September 12, 2016. ABOUT CHICO'S FAS, INC. The Company, through its brands – Chico's, White House Black Market and Soma, is a leading omni-channel specialty retailer of women's private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items. As of April 30, 2016, the Company operated 1,517 stores in the US and Canada and sold merchandise through franchise locations in Mexico. The Company's merchandise is also available at www.chicos.com, www.whbm.com and www.soma.com. For more detailed information on Chico's FAS, Inc., please go to our corporate website...
June 16, 2016
Chico's FAS Successfully Executing on New Strategic Plan
Progress in Just 180 Days of New CEO's Appointment Clearly Demonstrates Company is on Right Track to Enhance Shareholder Value Barington is Misleading Chico's FAS Shareholders Experience of Barington's Nominees is Not What the Company Needs Now to Execute New Plan and Deliver Shareholder Value Mails Letter to Shareholders Urging Support for Positive Change Underway by Voting on the WHITE Proxy Card Chico's FAS, Inc. (NYSE:CHS) today mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareholders to be held on July 21, 2016 . Highlights from the letter include: Under the direction of a new CEO, Shelley Broader , Chico's FAS is successfully executing on its strategic plan to deliver enhanced shareholder value;
Within just 180 days of Ms. Broader's appointment, the Company has taken significant actions and is making substantive progress in virtually all areas – leadership, strategy, operations, finance and governance;
Barington is misleading...
June 6, 2016
Chico's FAS, Inc. Files Definitive Proxy Materials and Mails Letter to Shareholders
Urges Shareholders to Vote "FOR" Each of Chico's FAS' Highly-Qualified Director Nominees on the WHITE Proxy Card Barington's Contest Extraneous Given New CEO Shelley Broader's Successful Strategic Execution on New Focus Areas and Company's Refreshed Board with Superior Skills and Current Retail Sector Expertise Chico's FAS, Inc. (NYSE:CHS) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (" SEC ") in connection with its upcoming Annual Meeting of Shareholders to be held on July 21, 2016 . Shareholders of record as of May 16, 2016 , will be entitled to vote at the meeting. In conjunction with the definitive proxy filing, Chico's FAS is mailing a letter to the Company's shareholders. Highlights from the letter include: Under the direction of a new Chief Executive Officer and President, Shelley Broader , Chico's FAS is executing a new strategic plan built around four focus areas that we believe will usher in a new era of profitable...