On March 24, 2020, The Buckle, Inc. (the "Company") issued a press release
announcing that at its quarterly meeting of the Board of Directors, held on
March 23,2020, the Board deferred making a decision on dividend payments until
its next regularly scheduled Board meeting. As announced last week, Buckle
temporarily closed all of its brick and mortar retail stores from March 18, 2020
through March 31, 2020 in response to the global COVID-19 pandemic. Given the
uncertainty regarding the potential length and severity of the pandemic as well
as the potential impact to the Company, the Board elected to defer the dividend
decision to maintain the Company's cash position and give it financial
flexibility. As an additional measure, the Company also announced that both its
Chairman and its President and Chief Executive Officer have elected to forgo
their salary until such time as normal business operations resume. Similarly,
the Company's Board of Directors has elected to forgo their respective quarterly
cash retainers for the current quarter.
The full text of the press release is furnished as Exhibit 99.1 to this report.
The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories. The Company operates approximately 440 retail stores in 42 states. The Company markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. The Company offers denims from brands such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Other key brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, 7 Diamonds, Nixon, Free People, Z Supply, Salt Life, White Crow, Brew City, Reef, Stance, Versace Cologne, American Highway, Eight X, Pendelton, Hooey, Goorin Bros., Old Row, Timberland, Teva, Kimes Ranch, SOREL, Hey Dude, Steve Madden, Dolce Vita, and SAXX.
THE BUCKLE, INC. 
