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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 27, 2023
KONTOOR BRANDS, INC.
(Exact name of registrant as specified in charter)
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| North Carolina |
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001-38854 |
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83-2680248 |
(State or other jurisdiction
of incorporation) |
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(Commission file number) |
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(I.R.S. employer
identification number) |
400 N. Elm Street
Greensboro, North Carolina 27401
(Address of principal executive offices)
(336) 332-3400
(Registrant’s telephone number, including area code)
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:
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| Title of Each Class |
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Trading Symbol(s) |
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Name of Each Exchange on which Registered |
| Common Stock, no par value |
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KTB |
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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. o On October 27, 2023, Kontoor Brands, Inc. issued a press release announcing that its Board of Directors declared a regular quarterly cash dividend of $0.50 per share of its common stock, payable on December 18, 2023, to shareholders of record at the close of business on December 8, 2023. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 8.01. Other Events.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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| Exhibit No. |
Description |
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Press release issued by Kontoor Brands, Inc., dated October 27, 2023, announcing the quarterly dividend. |
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| 104 |
Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
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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 hereunto duly authorized.
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KONTOOR BRANDS, INC. |
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| Date: October 27, 2023 |
By: |
/s/ Thomas L. Doerr, Jr. |
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Name: |
Thomas L. Doerr, Jr. |
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Title: |
Executive Vice President, General Counsel & Secretary |
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EX-99.1
2
exhibit991-dividendannounc.htm
EX-99.1
Document
KONTOOR BRANDS DECLARES QUARTERLY DIVIDEND OF $0.50 PER SHARE, A 4 PERCENT INCREASE
GREENSBORO, N.C. - October 27, 2023 - Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 18, 2023, to shareholders of record at the close of business on December 8, 2023.
"Given the broad-based strength of our business, even during challenging macroeconomic conditions, we are announcing an increase to our quarterly dividend. This increase reflects management and the Board of Director’s confidence in our resilient operating model, which allows us to continue to invest in our diversified, accretive growth strategy, while also delivering superior cash returns to our shareholders," said Scott Baxter, Board Chair, Chief Executive Officer and President, Kontoor Brands.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.
Contacts
Investors:
Eric Tracy, (336) 332-5205
Vice President, Corporate Finance and Investor Relations
Eric.Tracy@kontoorbrands.com
or
Media:
Julia Burge, (336) 332-5122
Director, External Communications
Julia.Burge@kontoorbrands.com
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