bebe stores, inc. Announces Special Cash Dividend and Changes to the Board of Directors
BEBE STORES INC (BEBE)
US:NASDAQ Investor Relations:
investorrelations.bebe.com
Company Research
Source: Business Wire
BRISBANE, Calif.--(BUSINESS WIRE)-- bebe stores, inc. (OTCQB: BEBE) (the “Company”) today announced that its Board of Directors declared a special cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable on October 24, 2018 to shareholders of record at the close of business on October 10, 2018. The dividend is based on the trailing two quarters of licensing income from BB Brand Holdings LLC, the joint venture 50% owned by the Company. The Company also announced the following changes to its Board of Directors (the “Board”), each of which will be effective September 30, 2018: (i) Robert Galvin will resign from the Board and be replaced by Darrin Klotz; (ii) Nick Capuano will be appointed Chairman of the Board, and will continue to be joined on the Board by Manny Mashouf, Corrado Federico and Kenny Young; and (iii) the Board will dissolve the Nominating and Corporate Governanc
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