SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy [Yahoo! Finance]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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Source: Yahoo! Finance
Baxter served as CEO of Express from 2019 to 2023, seven months before the retailer filed for bankruptcy. One CEO has learned it's hard to quietly take a private jet out for a spin. The Securities and Exchange Commission said Tuesday it settled charges with Ohio-based clothing retailer Express for failing to disclose almost $1 million in perks provided to its now-former CEO Tim Baxter, including his use of a chartered aircraft “for personal purposes.” Baxter served as the company's CEO during the time of the SEC's investigation and stepped down as Express's chief executive in September 2023 as the company failed to generate innovative products to appeal to consumers. The company said at the time Baxter's departure wasn't due to the company's financial struggles, yet filed for Chapter 11 bankruptcy seven months later. In June, a bankruptcy judge approved the sale of the retailer to a joint venture of acquisition and management firm WHP Global as well as Express's landlords Simon Pr
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SFIX
News
- The Most Popular Products Of The Year, According To Forbes Vetted Readers [Forbes]Forbes
- Apparel and Accessories Stocks Q3 Highlights: Oxford Industries (NYSE:OXM) [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Stitch Fix (SFIX) Stock? [Yahoo! Finance]Yahoo! Finance
- Stitch Fix values flexibility in push for better client experiences [Yahoo! Finance]Yahoo! Finance
- Why Are Stitch Fix (SFIX) Shares Soaring Today [Yahoo! Finance]Yahoo! Finance
SFIX
Earnings
- 12/10/24 - Beat
SFIX
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- 12/17/24 - Form 8-K
- SFIX's page on the SEC website