Caleres (NYSE:CAL) Elects Two New Directors and Amends Bylaws__

Caleres, Inc., a renowned footwear company, announced on November 7, 2024, that its Board of Directors appointed Kyle F. Gendreau and Molly Langenstein as new members. The appointments were made to fill vacancies resulting from a director’s departure in August 2024 and recent bylaw changes increasing the board size from eleven to twelve members.

Both Gendreau and Langenstein’s terms will extend until the company’s 2025 annual shareholders’ meeting or until successors are elected and qualified. The selection of the new directors was based on the Governance and Nominating Committee’s recommendation. It was clarified that neither Gendreau nor Langenstein had any prior “related party-transactions” with Caleres, as outlined in Regulation S-K’s Item 404(a).

Additionally, the Board of Directors confirmed that both Gendreau and Langenstein qualify as independent directors under the rules of the New York Stock Exchange and the Securities and Exchange Commission (SEC), as well as per the company’s Corporate Governance Guidelines. The newly appointed directors will receive compensation equivalent to other non-employee directors, as outlined in the company’s Proxy Statement dated April 11, 2024.

Moreover, on the same day, November 5, 2024, the Board of Directors amended Article II, Section 1 of Caleres’ Bylaws to boost the number of directors from eleven to twelve. The updated Bylaws have been documented as Exhibit 3.1 in the Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC).

Regarding financial statements and exhibits, the Company submitted the amended Bylaws as Exhibit 3.1 and a Cover Page Interactive Data File embedded within the Inline XBRL document as Exhibit 104.

This concludes the filing detailing Caleres’ recent directorial appointments and bylaw amendments, aimed at strengthening the company’s governance structure and operational effectiveness. __

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Caleres’s 8K filing here.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.