Business Context and Reporting Period
This Form 8-K Current Report was filed by Brown Shoe Company, Inc. on October 10, 2013. The report details corporate governance changes, specifically the amendment of the Company's Bylaws and the election of a new director to the Board.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and does not contain financial performance data.
Material Changes
- Bylaw Amendment: The Board of Directors amended Article II, Section 1 of the Company's Bylaws to increase the number of directors from twelve to thirteen, effective October 10, 2013.
- Director Election: W. Lee Capps was elected to fill the newly created vacancy on the Board of Directors. His term expires at the 2014 annual meeting of stockholders or until a successor is elected.
- Committee Appointment: Mr. Capps was appointed to the Audit Committee.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding business operations. Regarding compensation, Mr. Capps is entitled to receive the same compensation as other directors, as described in the Company's Proxy Statement dated April 17, 2013, subject to any subsequent changes approved by the Board.
Key Facts for Investor Verification
- Verify the effective date of the Bylaw amendment increasing the Board size to thirteen members.
- Confirm W. Lee Capps' appointment to the Audit Committee and his term expiration date.
- Review the referenced Proxy Statement (April 17, 2013) for details on the standard director compensation package applicable to Mr. Capps.