Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+1.94%
$3.13
100% positive prob.
5-Day Prediction
+5.02%
$3.22
100% positive prob.
20-Day Prediction
+5.42%
$3.24
95% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q1 2026 | BUY | +1.94% | +5.02% | +5.42% | 100.0% | +0.65% |
| Q3 2025 | BUY | +0.64% | +3.46% | +6.14% | 99.8% | +12.99% |
SEC 8-K filings with transcript text
May 26, 2026 · 100% conf.
1D
+1.94%
$3.13
Act: +0.65%
5D
+5.02%
$3.22
Act: +0.65%
20D
+5.42%
$3.24
Act: +4.23%
5 exhibit99.htm
exhibit99
For Further Information Contact:
Charles D. Knight
Executive Vice President
Chief Financial Officer
InvestorRelations@catocorp.com
CHARLOTTE, N.C. (May 21, 2026) – The Cato Corporation (NYSE: CATO) today reported net income of $9.3 million
or $0.47 per diluted share for the first quarter ended May 2, 2026, compared
to net income of $3.3 million or $0.17 per
diluted share for the first quarter ended May 3, 2025.
Sales for the first quarter ended May 2, 2026 were $169.5 million, or an
increase of 0.7% from sales of $168.4 million for
the first quarter ended May 3, 2025.
The Company’s same-store sales for the quarter increased 3%.
"Our results significantly benefited from the refund claim
of IEEPA (International Emergency Economic Powers Act)
tariffs in the quarter.
Our sales trend softened as the quarter continued in part due
to higher fuel prices pressuring our
customers’ discretionary income,” said John Cato, Chairman, President
and Chief Executive Officer.
”
For the foreseeable
future we expect our sales to be negatively impacted by rising inflation,
especially fuel and food prices, which will reduce
our customers’ discretionary income.”
First quarter gross margin as a percentage of sales was 37.2% in 2026 and 35.1%
in 2025.
The increase in gross margin as
a percentage of sales is due in part to a pre-tax $5.7 million tariff refund claim
partially offset by lower merchandise
contribution caused in part by higher sales of marked-down
goods.
Selling, General and Administrative expense
decreased to $53.9 million in the first quarter of 2026 from
$55.3 million in 2025 due to decreases in corporate payroll
expense, insurance costs and equipment maintenance partially offset by incentive
compensation expense.
Selling, General
and Administrative expense as a percentage of sales decreased to 31.8%
in 2026 compared to 32.8% in 2025.
Interest and
other income were $1.2 million in both 2026 and 2025.
Income tax expense for the quarter decreased to $0.5 million in
2026 from
$0.9 million in 2025.
The decrease in tax expense is primarily due to a reduction in foreign taxes.
Additionally, the Company bought back 107,823 shares during the quarter.
During the first quarter ended May 2, 2026, the Company opened two
stores and closed six stores.
As of May 2, 2026, the
Company operated 1,065 stores in 31 states, compared to 1,109 stores
in 31 states as of May 2, 2025.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel
and accessories operating three
concepts, “Cato,” “Versona” and “It’s
Fashion.”
The Company’s Cato stores offer exclusive merchandise with fashion
and quality comparable to mall specialty stores at low prices every
day.
The Company also offers exclusive merchandise
found in its Cato stores at www.catofashions.com.
Versona
is a unique fashion destination offering apparel and
accessories including jewelry, handbags and shoes at exceptional prices every day.
Select Versona
merchandise can also
be found at www.shopversona.com.
It’s Fashion offers fashion with a focus on the latest trendy styles for the entire
family at low prices every day.
Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical
fact,
including, without limitation, statements regarding the Company’s
expected or estimated operational financial
results, activities or opportunities, and potential impacts and effects of events, risks or contingencies
are considered
“forward-looking” within the meaning of The Private Securities Litigation Reform Act of
1995.
Such forward-looking
statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially from those contemplated by the forward-looking statements.
Such
factors include, but are not limited to, any actual or perceived deterioration in the conditions that drive consumer
confidence and spending, including, but not limited to, prevailing social, economic, political and public
health conditions
and uncertainties, levels of unemployment, fuel, energy and food costs, inflation, wage rates, tax
rates, interest rates,
home values, consumer net worth and the availability of credit; changes in laws or regulations affecting our business,
including but not limited to tariffs and taxes; uncertainties regarding the impact of any governmental action regarding, or
responses to, the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to
rapidly changing fashion trends and consumer demands; our ability to open new stores in attractive locations and the
ability of any such new stores to grow and perform as expected; underperformance or other factors that may
Mar 25, 2026
5 exhibit991.htm
exhibit991
For Further Information Contact:
Charles D. Knight
Executive Vice President
Chief Financial Officer
InvestorRelations@catocorp.com
CHARLOTTE, N.C. (March 19, 2026) – The Cato Corporation (NYSE: CATO)
today reported a net loss of
($10.7) million or ($0.55) per diluted share for the fourth quarter ended January 31, 2026, compared to
a net loss of ($14.1) million or ($0.74) per diluted share for the fourth quarter ended February 1, 2025.
Full-year fiscal 2025 net loss was ($5.9) million or ($0.31) per diluted share compared to a net loss of
($18.1) million or ($0.97) per diluted share for 2024.
Sales for the fourth quarter ended January 31, 2026 were $150.0 million, a decrease of 3.4% from sales
of $155.3 million for the fourth quarter ended February 1, 2025. Same-store sales for the fourth quarter
were flat compared to 2024. For the year,
the Company's sales increased 0.7% to $646.8 million from
2024 sales of $642.1 million. Year-to-date same-store sales increased 4% compared to 2024.
"Compared to 2024, our fiscal 2025 sales trend was encouraging although 2024 was negatively impacted
by supply chain interruptions which caused late merchandise to our stores, as well as more severe
weather events including three hurricanes,” said John Cato, Chairman, President, and Chief Executive
Officer.
“During 2025 we continued to focus on improving our merchandise offering, serving the
customer,
controlling expenses, and leveraging the investments in our store and distribution center
technologies.”
Fourth-quarter gross margin increased from 28.0% of sales in 2024 to 29.2% of sales in 2025 primarily
due to decreases in payroll and occupancy costs, partially offset by higher sales of markdown product.
Selling, general and administrative (SG&A) expenses decreased $1.9 million in the quarter.
SG&A as a
percent of sales increased slightly from 37.8% in 2024 to 37.9% in 2025 during the quarter. Income tax
benefit for the quarter was $1.1 million compared to expense of $0.3 million last year.
For the full year 2025, gross margin increased from 32.0% of sales in 2024 to 33.3% of sales in 2025. This
increase was in part due to lower payroll, distribution, and freight costs, partially offset by higher sales
of markdown product. SG&A expenses decreased to 35.0% of sales in 2025 compared to 36.0% of sales
in 2024. The SG&A decrease was primarily due to lower payroll costs,
closed store, and impairment
expenses.
For the year, SG&A expenses decreased $5.0 million. Income tax benefit for the year was $1.6
million compared to expense of $1.9 million last year.
“As we look ahead to 2026, we are focused on improving our merchandise assortment including new
product offerings, leveraging our investments in technology,
especially in our stores and the distribution
center,
while continuing to provide excellent customer service,” stated
Mr.
Cato. “Our 2026 outlook is
tempered by the current economic uncertainties and continued pressure on our customers’ disposable
income.”
During 2025, the Company closed 48 stores. As of January 31, 2026, the Company operated 1,069 stores
in 31 states, compared to 1,117 stores in 31 states as of February 1, 2025. During 2026, the Company
plans to open up to 10 new stores and close up to 40 underperforming stores as leases expire. These
store closings are anticipated to have minimal financial impact.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories
operating three concepts, “Cato,”
“Versona” and “It’s Fashion.”
The Company’s Cato stores offer
exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every
day. The Company also offers
exclusive merchandise found in its Cato stores at www.catofashions.com.
Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags,
and shoes at exceptional prices every day. Select Versona
merchandise can also be found at
www.shopversona.com. It’s Fashion
offers fashion with a focus on the latest trendy styles for the entire
family at low prices every day.
Statements in this press release that express a belief, expectation or intention, as well as those that are
not a historical fact, including, without limitation, statements regarding the Company’s expected or
estimated operational financial results, activities or opportunities, and potential
impacts and effects of
events, risks or contingencies are considered “forward-looking” within the meaning of The Private
Securities Litigation Reform Act of 1995.
Such forward-looking statements are based on current
expectations that are subject to known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those contemplated by the forward-looking statemen
Mar 23, 2026
5 exhibit991.htm
exhibit991
For Further Information Contact:
Charles D. Knight
Executive Vice President
Chief Financial Officer
InvestorRelations@catocorp.com
CHARLOTTE, N.C. (March 19, 2026) – The Cato Corporation (NYSE: CATO) today reported a net loss of ($10.7)
million or ($0.55) per diluted share for the fourth quarter ended
January 31, 2026, compared to a net loss of ($14.1)
million or ($0.74) per diluted share for the fourth quarter ended February
1, 2025.
Full-year fiscal 2025 net loss
was ($5.9) million or ($0.31) per diluted share compared to a net loss of ($18.1)
million or ($0.97) per diluted share for
2024.
Sales for the fourth quarter ended January 31, 2026 were $150.0 million,
a decrease of 3.4% from sales of $155.3 million
for the fourth quarter ended February 1, 2025. Same-store sales
for the fourth quarter were flat compared to 2024.
For the
year, the Company's sales increased 0.7% to $646.8 million from 2024 sales of $642.1 million.
Year-to-date same-store
sales increased 4% compared to 2024.
"Compared to 2024,
our fiscal 2025 sales trend was encouraging although 2024
was negatively impacted by supply chain
interruptions which caused late merchandise to our stores, as well as more
severe weather events including three
hurricanes,
” said John Cato, Chairman, President, and Chief Executive Officer.
“During 2025 we continued to focus on
improving our merchandise offering, serving the customer, controlling expenses, and leveraging the investments
in our
store and distribution center technologies
.
”
Fourth-quarter gross margin increased from 28.0% of sales in 2024 to 29.2% of sales in 2025
primarily due to decreases
in payroll and occupancy costs, partially offset by higher sales of markdown product.
Selling, general and administrative
(SG&A) expenses decreased $1.9 million in the quarter.
SG&A as a percent of sales increased slightly from 37.8% in
2024 to 37.9% in 2025 during the quarter.
Income tax benefit for the quarter was $1.1 million compare
d to expense of
$0.3 million last year.
For the full year 2025, gross margin increased from 32.0% of sales in 2024 to 33.3%
of sales in 2025. This increase was in
part due to
lower payroll, distribution, and
freight costs, partially offset by higher sales of markdown product. SG&A
expenses decreased to 35.0% of sales in 2025 compared to 36.0% of sales in
2024. The SG&A decrease was primarily due
to
lower payroll costs,
closed store, and impairment expenses.
For the year,
SG&A expenses decreased $5.0 million.
Income tax benefit for the year was $1.6 million compared to expense of
$1.9 million las
t year.
“As we look ahead to 2026, we are focused on improving
our merchandise assortment including new product offerings,
leveraging our investments in technology, especially in our stores and the distribution center, while continuing to provide
excellent customer service,” stated Mr. Cato. “Our 2026 outlook is tempered by the current economic uncertainties
and
continued pressure on our customers’ disposable income.”
During 2025, the Company closed 48 stores. As of January 31, 2026,
the Company operated 1,069 stores in 31 states,
compared to 1,117 stores in 31 states as of February 1, 2025. During 2026, the Company
plans to open up to 10 new
stores and close up to 40 underperforming stores as leases expire.
These store closings are anticipated to have minimal
financial impact.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel
and accessories operating three
concepts, “Cato,” “Versona” and “It’s
Fashion.”
The Company’s Cato stores offer exclusive merchandise with fashion
and quality comparable to mall specialty stores at low prices every
day. The Company also offers exclusive merchandise
found in its Cato stores at www.catofashions.com. Versona is a unique fashion destination offering apparel and
accessories including jewelry, handbags, and shoes at exceptional prices every day. Select Versona
merchandise can also
be found at www.shopversona.com. It’s Fashion offers fashion with a focus on the latest trendy styles for the entire family
at low prices every day.
Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical
fact,
including, without limitation, statements regarding the Company’s
expected or estimated operational financial
results, activities or opportunities, and potential impacts and effects of events, risks or contingencies
are considered
“forward-looking” within the meaning of The Private Securities Litigation Reform Act of
1995.
Such forward-looking
statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially from those contemplated by
Nov 24, 2025 · 100% conf.
1D
+0.64%
$3.10
Act: +12.34%
5D
+3.46%
$3.19
Act: +12.99%
20D
+6.14%
$3.27
Act: +3.57%
cato-20251120
0000018255
0000018255
2025-11-20
2025-11-20
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
November 20, 2025
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On November 20, 2025, The Cato Corporation issued a press release regarding its financial results for the third quarter ending November 1, 2025. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued November 20, 2025 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
November 24, 2025 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer November 24, 2025 /s/ Charles D. Knight D ate Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued November 20, 2025 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Aug 26, 2025
cato-20250821
0000018255
0000018255
2025-08-21
2025-08-21
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
August 21, 2025
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On August 21, 2025 The Cato Corporation issued a press release regarding its financial results for the second quarter ending August 2, 2025. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued August 21, 2025 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
August 26, 2025 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer August 26, 2025 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued August 21, 2025 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
May 27, 2025
cato-20250527
0000018255
0000018255
2025-05-22
2025-05-22
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
May 22, 2025
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition. On May 22, 2025, The Cato Corporation issued a press release regarding its financial results for the first quarter ending May 3, 2025. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 5.07. Submission of Matters to a Vote of Security Holders. On May 22, 2025, the Registrant held its Annual Meeting. The following are the voting results on each matter submitted to the Registrant’s stockholders at the Annual Meeting. The proposals below are described in detail in the Proxy Statement.
At the Annual Meeting, the two nominees for director were elected to the Registrant’s Board of Directors (Proposal 1 below). In addition, management’s proposal to amend and restate the Cato Corporation 2013 Employee Stock Purchase Plan was approved (Proposal 2 below).
In addition, management’s proposal regarding the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026 was approved (Proposal 3 below).
Summary of Voting By Proposal
1. To elect Theresa J. Drew and D. Harding Stowe, each for a term expiring in 2028 and until their successors are elected and qualified. Votes recorded, by nominee, were as follows:
Nominee
For
Abstain
Broker Non-Votes Theresa J. Drew
25,248,912
282,410
5,927,162 D. Harding Stowe 22,904,087 2,627,335 5,927,162
2. To consider and vote upon a proposal to amend and restate The Cato Corporation 2013 Employee Stock Purchase Plan, as amended in 2021. The Company’s shareholders voted to approve this proposal with 25,305,519 for and 143,306 votes against. There were 82,497 abstentions. 3. To ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. The Company’s shareholders voted to approve this proposal with 31,099,302 for and 268,605 votes against. There were 90,577 abstentions. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued May 22, 2025 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
May 28, 2025 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer May 28, 2025 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued May 22, 2025 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Mar 24, 2025
cato-20250320
0000018255
0000018255
2025-03-20
2025-03-20
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
March 20, 2025
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On March 20, 2025 The Cato Corporation issued a press release regarding its financial results for the fourth quarter and year ending February 1, 2025. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued March 20, 2025 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
March 24, 2025 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer March 24, 2025 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued March 20, 2025 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Nov 25, 2024
cato-20241121
0000018255
0000018255
2024-11-21
2024-11-21
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
November 21, 2024
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On November 21, 2024 The Cato Corporation issued a press release regarding its financial results for the third quarter ending November 2, 2024. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 7.01. Regulation FD Disclosure.
On November 21, 2024, The Cato Corporation issued a press release announcing the decision to suspend its quarterly dividend.
A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein. The information contained in this Item 7.01 and in Exhibit 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued November 21, 2024 Exhibit 99.2 – Press Release issued November 22, 2024 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
November 25, 2024 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer November 25, 2024 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued November 21,
2024 99.1 99.2 – Press Release issued November 22, 2024 99.2 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Aug 27, 2024
cato-20240822
0000018255
0000018255
2024-08-22
2024-08-22
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
August 22, 2024
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On August 22, 2024, The Cato Corporation issued a press release regarding its financial results for the second quarter ending August 3, 2024. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued August
22, 2024 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
August 27, 2024 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer August 27, 2024 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued August
22, 2024 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
May 28, 2024
cato8kq1_2024
0000018255
0000018255
2024-05-23
2024-05-23
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
May 23, 2024
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On May 23, 2024, The Cato Corporation issued a press release regarding its financial results for the first quarter ending May 4, 2024. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 5.07. Submission of Matters to a Vote of Security Holders. On May 23, 2024, the Registrant held its Annual Meeting. The following are the voting results on each matter submitted to the Registrant’s stockholders at the Annual Meeting. The proposals below are described in detail in the Proxy Statement.
At the Annual Meeting, the two nominees for director were elected to the Registrant’s Board of Directors (Proposal 1 below).
In addition, management’s proposal regarding the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 1, 2025 was approved (Proposal 2 below).
Summary of Voting By Proposal
1. To elect Dr. Pamela L. Davies, Thomas B. Henson and Bryan F. Kennedy, each for a term expiring in 2026 and until their successors are elected and qualified. Votes recorded, by nominee, were as follows:
Nominee
For
Abstain
Broker Non-Votes John P. D. Cato
24,769,119
3,047,577
5,792,278 Bailey W. Patrick 23,905,656 3,911,040 5,792,278
2. To approve, to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 1, 2025. The Company’s shareholders voted to approve this proposal with 33,293, 856 for and 173,223 votes against. There were 141,895 abstentions. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued May 23, 2024 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
May 28, 2024 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer May 28, 2024 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued May 23, 2024 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Mar 25, 2024
cato-20240321
0000018255
0000018255
2024-03-21
2024-03-21
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
March 21, 2024
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On March 21, 2024, The Cato Corporation issued a press release regarding its financial results for the fourth quarter ending February 3, 2024. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued March 21, 2024 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
March 25, 2024 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer March 25, 2024 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued March 21, 2024 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Nov 20, 2023
cato-20231117
0000018255
0000018255
2023-11-16
2023-11-16
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
November 16, 2023
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On August 17, 2023, The Cato Corporation issued a press release regarding its financial results for the second quarter ending July 29, 2023. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued November 16, 2023 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
November 20, 2023 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer November 20, 2023 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued November 16, 2023 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Aug 21, 2023
cato-20230824
0000018255
0000018255
2023-08-17
2023-08-17
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
August 17, 2023
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On August 17, 2023, The Cato Corporation issued a press release regarding its financial results for the second quarter ending July 29, 2023. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release issued August 17, 2023 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
August 21, 2023 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer August 21, 2023 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued August 17, 2023 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
May 22, 2023
cato-20230531
0000018255
0000018255
2023-05-18
2023-05-18
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
May 18, 2023
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition On May 18, 2023, The Cato Corporation issued a press release regarding its financial results for the first quarter ending May 29, 2023. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 5.07. Submission of Matters to a Vote of Security Holders. On May 18, 2023, the Registrant held its Annual Meeting. The following are the voting results on each matter submitted to the Registrant’s stockholders at the Annual Meeting. The proposals below are described in detail in the Proxy Statement.
At the Annual Meeting, the three nominees for director were elected to the Registrant’s Board of Directors (Proposal 1 below).
In addition, management’s proposal regarding the Company’s executive compensation was approved (Proposal 2 below). In addition, to hold an advisory (non-binding) vote on how often a shareholder vote on “say on pay” is held every one year, two years or three years.
In addition, management’s proposal regarding the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 28, 2023 was approved (Proposal 3 below).
Summary of Voting By Proposal
1. To elect Dr. Pamela L. Davies, Thomas B. Henson and Bryan F. Kennedy, each for a term expiring in 2026 and until their successors are elected and qualified. Votes recorded, by nominee, were as follows:
Nominee
For
Abstain
Broker Non-Votes Dr. Pamela L Davies
23,657,559
5,244,500
5,014,557 Thomas B. Henson 25,137,017 3,765,042 5,014,557 Bryan F. Kennedy
23,247,410
5,654,649
5,014,557
2. To approve, on an advisory basis, the Company’s executive compensation. The Company’s shareholders voted to approve this proposal with 22,466,145 for and 6,346,566 votes against. There were 89,348 abstentions and 5,014,557 Broker non-votes. 3. In addition, to hold an advisory (non-binding) vote on how often a shareholder vote on “say on pay” is held every one year, two years or three years. The Company’s shareholders voted: 7,280,231 for every one year, 66,409 for every two years, and 22,466,145for every three years. There were 66,887 abstentions and 5,014,557 Broker non-votes.
In light of the voting results with respect to the frequency of advisory votes on executive compensation, the Company’s board of directors has determined that the Company currently intends to hold an advisory vote on the compensation of our named executive officers every three years until the next required vote on the frequency of advisory votes on executive compensation.
4. To approve, to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 3, 2024. The Company’s shareholders voted to approve this proposal with 33,653,005 for and 102,207 votes
May 23, 2022
cato-20220519
0000018255
0000018255
2022-05-19
2022-05-19
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
May 19, 2022
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 1.01 Entry into a Material Definitive Agreement On May 19, 2022, The Cato Corporation (the “Company”), entered into a credit agreement (the “Credit Agreement”) among the Company, the guarantors party thereto, the banks party thereto and Wells Fargo Bank, National Association, as Agent. The Credit Agreement provides for a five-year $35.0 million unsecured revolving credit facility (the “Revolving Credit Facility”). The agreement also provides that the Company may seek increases to the Revolving Credit Facility in an aggregate amount so that the Revolving Credit Facility does not exceed $75.0 million. Borrowings under the Revolving Credit Facility will bear interest at an annual rate of the Secured Overnight Funding Rate
plus 1.0% or (b) an alternate base rate (as described in the Credit Agreement). In addition, a commitment fee accrues with respect to the unused amount of the Revolving Credit Facility at an annual rate of 0.10%. The Revolving Credit Facility is guaranteed by each of the Company’s wholly owned domestic subsidiaries, other than any subsidiary that owns part of the Company’s York, South Caroling real estate holdings, and its bank and captive insurance subsidiaries Cedar Hill National Bank and Providence Insurance, respectively. The Credit Agreement provides that the Company must maintain compliance with a minimum consolidated tangible net worth and a minimum coverage ratio of EBITDAR to fixed charges, as determined in accordance with the Credit Agreement.
The Credit Agreement also contains affirmative, negative and financial covenants customary for financings of this type, including, among other things, limitations on certain other indebtedness, loans and investments, liens, mergers, asset sales, transactions with affiliates and capital expenditures, as well as customary events of default. The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement. A copy of this Credit Agreement is incorporated as exhibit 10.1 hereto. Item 1.02 Termination of a Material Definitive Agreement The disclosure provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.02. On May 19, 2022, in connection with the closing of the Revolving Credit Facility described in Item 1.01, the Company terminated its credit agreement, dated as of August 22, 2003, between the Company and Branch Banking and Trust Company, as administrative agent, issuing bank, and a bank. Item 2.02. Results of Operations and Financial Condition. On May 19, 2022, The Cato Corporation issued a press release regarding its financial results for the first quarter ending April 30, 2022. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto. Item 2.03 Creation of a Direct Fina
Mar 22, 2022
cato8k4qtr2021
0000018255
0000018255
2022-03-17
2022-03-17
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
March 17, 2022
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition.
On March 17, 2022, The Cato Corporation issued a press release regarding its financial results for the fourth quarter ending January 29, 2022. A copy of this press release is furnished as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 - Press Release issued March 17, 2022 104 Cover page Interactive Data File (embedded within Inline XBRL document
3 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 thereunto duly authorized.
March 21, 2022 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer March 21, 2022 /s/ Charles D. Knight Date Charles D. Knight
Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. 99.1 - Press Release issued March 17, 2022 99.1 104 Cover page Interactive Data File (embedded within Inline XBRL document) 104
Nov 17, 2021
cato8k3qtr2021
0000018255 ☐ ☐ ☐ ☐
0000018255
2021-11-17
2021-11-17
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
November 17, 2021
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2
Item 2.02. Results of Operations and Financial Condition.
On November 17, 2021, The Cato Corporation issued a press release regarding its financial results for the third quarter ending October 30, 2021. A copy of this press release is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press Release issued November 17, 2021 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3 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 thereunto duly authorized.
November 17, 2021 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer November 17, 2021 /s/ John R. Howe Date John R. Howe Executive Vice President Chief Financial Officer
4 Exhibit Index
Exhibit Exhibit No. Exhibit 99.1 - Press Release issued November 17, 2021 99.1 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document) 104
Aug 20, 2021
cato8k2qtr2021
0000018255 ☐ ☐ ☐ ☐
0000018255
2021-08-19
2021-08-19
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
PURSUANT TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
August 19, 2021
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b -2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
2
Item 2.02. Results of Operations and Financial Condition.
On August 19, 2021, The Cato Corporation issued a press release regarding its financial results for the second quarter ending July 31, 2021. A copy of this press release is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press Release issued August 19, 2021
Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3
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 thereunto duly authorized.
August 20, 2021 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer August 20, 2021 /s/ John R. Howe Date John R. Howe Executive Vice President Chief Financial Officer
4
Exhibit Index
Exhibit Exhibit No. Exhibit 99.1 - Press Release issued August 19, 2021 99.1 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document) 104
May 21, 2021
cato8k1qtr2021
0000018255 ☐ ☐ ☐ ☐
0000018255
2021-05-20
2021-05-20
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
PURSUANT TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
May 20, 2021
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b -2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
2
Item 2.02. Results of Operations and Financial Condition.
On May 20, 2021, The Cato Corporation (the “Company”) issued a press release regarding its financial results for the first quarter ending May 1, 2021. A copy of this press release is furnished as Exhibit 99.1 hereto.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 20, 2021, the Registrant held its Annual Meeting. The following are the voting results on each matter submitted to the Registrant’s stockholders at the Annual Meeting. The proposals below are described in detail in the Proxy Statement.
At the Annual Meeting, the three nominees for director were elected to the Registrant’s Board of Directors (Proposal 1 below).
In addition, management’s proposal to amend and restate the Cato Corporation 2013 Employee Stock Purchase Plan was approved (Proposal 2 below).
In addition, management’s proposal regarding the Company’s executive compensation was approved (Proposal 3 below).
In addition, management’s proposal regarding the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 29, 2022 was approved (Proposal 4 below).
Summary Of Voting By Proposal
1.
To elect John P.D. Cato, Thomas E. Meckley and Bailey W. Patrick, each for a term expiring in 2024 and until their successors are elected and qualified. Votes recorded, by nominee, were as follows:
Nominee For Abstain Broker
Non-Votes
John P.D. Cato 33,028,710 301,255 3,347,114 Thomas E. Meckley 32,694,837 635,128 3,347,114 Bailey W. Patrick 28,642,601 4,687,364 3,347,114
2.
To consider and vote upon a proposal to amend and restate The Cato Corporation 2013 Employee Stock Purchase Plan. The Company’s shareholders voted to approve this proposal with 33,160,165 votes for and 148,184 votes against. There were 21,616 abstentions and 3,347,114 Broker non-votes.
3.
To approve, on an advisory basis, the Company’s executive compensation. The Company’s shareholders voted to approve this proposal with 24,992,869 for and 8,220,993 votes against.
There were 116,103 abstentions and 3,347,114 Broker non-votes.
3
4.
To approve, to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 29, 2022.
The Company’s shareholders voted to approve this proposal with 36,447,359 for and 118,581 votes against. There were 111,139 abstentions. Item 7.01. Regulation FD Disclosure.
On May 20, 2021, The Cato Corporation issued a press release announcing the decision to resume quarterly dividend declarations.
A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein. The information contained in this Item 7.01 and in Exhibit
Mar 19, 2021
cato8k4qtr2020
0000018255 ☐ ☐ ☐ ☐
0000018255
2021-03-18
2021-03-18
450 Fifth Street NW Washington, D.C. 29549
Form 8-K
PURSUANT TO SECTION 13 OR 15(d) OF
Date of Report (Date of earliest event reported):
March 18, 2021
(Exact Name of Registrant as Specified in Its Charter) Delaware 1-31340 56-0484485 (State or Other Jurisdiction of Incorporation (Commission File Number) (IRS Employer Identification No.) 8100 Denmark Road , Charlotte , North Carolina (Address of Principal Executive Offices) 28273-5975 (Zip Code) (704) 554-8510 (Registrant’s Telephone Number, Including Area Code) Not Applicable (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:
☐
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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A - Common Stock, par value $.033 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b -2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
2
Item 2.02. Results of Operations and Financial Condition.
On March 18, 2021, The Cato Corporation issued a press release regarding its financial results for the fourth quarter ending January 30, 2021. A copy of this press release is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press Release issued March 18, 2021
Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)
3
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 thereunto duly authorized.
March 19, 2021 /s/ John P. D. Cato Date John P. D. Cato Chairman, President and Chief Executive Officer March 19, 2021 /s/ John R. Howe Date John R. Howe Executive Vice President Chief Financial Officer
4
Exhibit Index
Exhibit Exhibit No. Exhibit 99.1 - Press Release issued March 18, 2021 99.1 Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document) 104
This page provides Cato Corporation (The) (CATO) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on CATO's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.