Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 22, 2020, the Company named Bradley P. Cost as the Company's Senior Vice
President, General Counsel and Corporate Secretary. Previously, Mr. Cost served
as the Company's Senior Vice President, General Counsel and Corporate Secretary
from December 2010 until October 2019.
Also, effective on May 22, 2020, Robert A. Karpf, the Company's Senior Vice
President, General Counsel and Corporate Secretary, left the Company.
Forward Looking Statements
The Current Report on Form 8-K contains or may contain forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including but not limited to statements relating
to the Company's strategic initiatives and adjusted net income per diluted
share. Forward-looking statements typically are identified by use of terms such
as "may," "will," "should," "plan," "project," "expect," "anticipate,"
"estimate" and similar words, although some forward-looking statements are
expressed differently. These forward-looking statements are based upon the
Company's current expectations and assumptions and are subject to various risks
and uncertainties that could cause actual results and performance to differ
materially. Some of these risks and uncertainties are described in the Company's
filings with the Securities and Exchange Commission, including in the "Risk
Factors" section of its annual report on Form 10-K for the fiscal year ended
February 1, 2020. Included among the risks and uncertainties that could cause
actual results and performance to differ materially are the risk that the
Company will be unsuccessful in gauging fashion trends and changing consumer
preferences, risks related to COVID-19 and its impacts on our markets (including
decreased customer traffic, closures of schools and other activities causing
decreased demand for our products and negative impacts on our customers'
spending patterns due to decreased income or actual or perceived wealth), the
risks resulting from the highly competitive nature of the Company's business and
its dependence on consumer spending patterns, which may be affected by changes
in economic conditions, the risk that the Company's strategic initiatives to
increase sales and margin are delayed or do not result in anticipated
improvements, the risk of delays, interruptions and disruptions in the Company's
global supply chain, including resulting from COVID-19 or other disease
outbreaks, foreign sources of supply in less developed countries or more
politically unstable countries, the risk that the cost of raw materials or
energy prices will increase beyond current expectations or that the Company is
unable to offset cost increases through value engineering or price increases,
various types of litigation, including class action litigations brought under
consumer protection, employment, and privacy and information security laws and
regulations, the imposition of regulations affecting the importation of
foreign-produced merchandise, including duties and tariffs, and the uncertainty
of weather patterns. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they were made. The
Company undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
* * *
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 26, 2020
THE CHILDREN'S PLACE, INC.
By: /s/ Jane Elfers
Name: Jane Elfers
Title: President and Chief Executive Officer
© Edgar Online, source Glimpses
THE CHILDREN'S PLACE, INC. 
