On March 31, 2020, The Buckle, Inc. (the "Company") issued a press release
announcing that after thoughtful consideration of the health and welfare of its
guests, teammates, and communities, it will extend the closure of all brick and
mortar stores indefinitely. The Company's online store at buckle.com will remain
open. Company management will continue to monitor as additional guidance is
issued from the Center for Disease Control along with U.S. and local governments
as it develops plans to open stores at a future date.
Given the uncertainty regarding the potential length and severity of the
pandemic as well as the potential impact to the Company, the Company will
furlough the majority of its store and corporate office teammates effective
April 5, 2020. During the furlough period, the Company will continue to provide
full benefits for participating teammates. All essential teammates who continue
working during this period will participate in salary reductions. Additionally,
the Company previously announced that both its Chairman and its President and
Chief Executive Officer elected to forgo their salary until such time as normal
business operations resume. Similarly, the Company's Board of Directors 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 441 retail stores in 42 states throughout the United States. It markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The Company offers denim from brands, such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Its other 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, SAXX, Ray-Ban, Wanakome, Guess, Fossil, Brixton, Dr. Martens, Very G, Birkenstock, Bed Stu, Palladium, Mia, K-Swiss, Myra, STS and G-Shock.
THE BUCKLE, INC. 
