Form 8-K GAP INC For: Nov 20
Tweet
Share
E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
��������
Date of Report
(Date of earliest event reported)
November 17, 2014
THE GAP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 1-7562 | 94-1697231 | ||
(State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
Two Folsom Street San Francisco, California | 94105 | |
(Address of principal executive offices) | (Zip Code) | |
(415) 427-0100
(Registrants telephone number,
including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]����Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]����Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]����Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ]����Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 20, 2014, The Gap, Inc. (the Company ) issued a press release announcing that Stephen Sunnucks, Global President, Gap, will leave the Company on December 19, 2014, and that Jack Calhoun, Global President, Banana Republic, will leave the Company on February 1, 2015. A copy of this press release is attached hereto as Exhibit 99.1.
Item 7.01. Regulation FD Disclosure
On November 20, 2014, the Company also announced that Jeff Kirwan will become Global President, Gap in December. The Company also announced that Andi Owen will become Global President, Banana Republic in January. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01.����Financial Statements and Exhibits
99.1����Press Release dated November 20, 2014
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.
THE GAP, INC. | |||||
(Registrant) | |||||
Date: | November 20, 2014 | By: | /s/ M. Banks | ||
Michelle Banks | |||||
Executive Vice President and General Counsel | |||||
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Press Release dated November 20, 2014 |
Exhibit 99.1
Gap Inc. Elevates Two Proven Executives to Guide
Gap and Banana Republic Brands into the Next Decade
Global brand presidents named: Andi Owen to lead Banana Republic and
Jeff Kirwan to take over Gap
SAN FRANCISCO - November 20, 2014 - With an eye towards 2015, Gap Inc. (NYSE: GPS) today announced the promotion of two successful current executives, with 35 years of combined company experience between them, to become global brand presidents for Gap and Banana Republic.
The moves were orchestrated by Art Peck as he prepares to take on the role of chief executive officer of Gap Inc. in February, with the full support of current chairman and chief executive officer Glenn Murphy.
Well start 2015 with a management team comprised of both established executives and the next generation of brand leaders ready for the next generation of customers, said Peck. Weve provided a transition period that allows our teams to deliver a successful holiday, while gearing up for a future where great product, showcased seamlessly across physical and digital experiences, consistently delights our customers.
Jeff Kirwan, 48, who has reported to Murphy for the past three years as president of greater China for Gap Inc., will become Global President for Gap brand in December following a brief transition period. Kirwan succeeds Stephen Sunnucks, who will leave the company on December 19, after steering the growth of its namesake brand to almost 50 countries over the past decade.
Under Kirwans leadership in China, Gap has deployed an aggressive e-commerce strategy, coupled with opening 100 stores in the region in just four years. Over the past decade with Gap Inc., Kirwan has succeeded in roles of increasing responsibility at Gap and Old Navy, with an expertise in driving growth, retail operations, and brand development.
Andi Owen, 49, who currently leads the Gap Outlet division, will become Global President for Banana Republic, effective January 5. She succeeds Jack Calhoun, who will depart from the company on February 1 after working with Owen during the transition. Calhoun, who led the brand for eight years, is credited with pioneering innovative concepts while creating an impressive global economic model for Banana Republic.
Over nearly 25 years with the company, Owen has thrived in many leadership roles within merchandising, online, and stores. She has spent 19 years working within Banana Republic, rising from management positions in the field to successfully leading the Banana Republic Factory Store business before taking on her current assignment as EVP of Global Gap Outlet.
These are important changes within the company, and Ive been impressed with both Jeff and Andis development during our work together these past eight years. Weve prepared leaders, with experience across all aspects of the global business, who are ready and eager for the challenges and the opportunities ahead, said Gap Inc. Chairman and CEO Glenn Murphy.
Murphy added, Over the past decade, both Steve and Jack helped make Gap Inc. a much stronger and more global company. We appreciate their hard work and passion for our brands, people, and customers.
Owen and Kirwan will report to Peck in 2015.
Over the past decade, Ive worked with Jeff and Andi and seen them in action. They each bring the creativity, tenacity, and exceptional leadership qualities necessary for these roles, and, importantly, they have consistently delivered results for our brands and company, Peck added.
Webcast and Conference Call Information
The company will host a conference call with investors and analysts to discuss the company's third quarter 2014 results and leadership announcement starting at approximately 2:00 p.m. Pacific Time today. �Katrina O'Connell, vice president of Corporate Finance and Investor Relations at Gap Inc., will host the call and be joined by Sabrina Simmons, Gap Inc. chief financial officer, Glenn Murphy, Gap Inc. chairman and chief executive officer and Art Peck,�president�of Gap Inc. Growth, Innovation & Digital division. � �
The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode:1609362). International callers may dial 913-643-0954. The webcast can be accessed at www.gapinc.com.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
Investor Relations Contact:
David Davick
(415) 427-2164
�
Media Relations Contact:
Edie Kissko
(415) 427-4173
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Man Group PLC : Form 8.3 - Barratt Developments plc
- Form 8.3 - [abrdn EUROPEAN LOGISTICS INCOME PLC] - 18 04 2024 - (CGWL)
- Alvotech signs U.S. agreement to expand access for newly approved high-concentration interchangeable biosimilar to Humira® (adalimumab)
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
