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): February 12, 2020 (February 10, 2020)
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |
(Address of Principal Executive Offices) | (Zip Code) | ||
(615 ) 367-7000
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of exchange on which registered |
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.
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ITEM 8.01. OTHER EVENTS.
On February 10, 2020, Genesco Inc. (the “Company”) announced plans for its new corporate headquarters in Nashville, Tennessee. The Company has entered into a lease agreement with AGL Highland Ridge Owner, LLC (the “Lease”), for approximately 199,000 square feet of office space located at 535 Marriott Drive, Nashville, Tennessee, which will replace the Company current corporate headquarters office lease. The term of the Lease is 15 years, with two options for the Company to extend for an additional period of five years each. The Company expects to take occupancy in 2021 and pay approximately $30 million for tenant improvements over the next five years.
A press release by the Company announcing the new headquarters is filed as Exhibit 99.1 hereto and incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The following exhibit is furnished herewith:
Exhibit Number | Description | ||
99.1 | |||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||
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.
GENESCO INC. | ||||
Date: February 12, 2020 | By: | /s/ Mel Tucker | ||
Name: | Mel Tucker | |||
Title: | Senior Vice President and Chief Financial Officer | |||
Exhibit 99.1
GENESCO ANNOUNCES NEW
CORPORATE HEADQUARTERS
--Company Expects to Add Jobs and
Invest More than $30 million over the Next Five Years--
NASHVILLE, Tenn., Feb. 10, 2020 -Genesco Inc. (NYSE: GCO) announced today plans for its new corporate headquarters in Nashville, Tenn. The Company’s new corporate offices will be located at 535 Marriott Drive in Nashville and occupy approximately two thirds of the facility’s 310,000 square feet of space. Relocation is targeted for a little more than a year from now.
In addition to the relocation, the Company announced it will create new jobs and invest more than $30 million in Davidson County over the next five years.
“For the past 95 years, Genesco has been a proud partner of the Middle Tennessee community. We look forward to investing in our tremendously talented and dedicated employees, and the community, as we begin our next chapter of growth as a leading footwear-focused company,” said Mimi Vaughn, President and Chief Executive Officer of Genesco. “We would like to thank the State of Tennessee and TVA for their commitment and support with our new headquarters and expansion.”
“It is an exciting time for Genesco and our new facility will be a great place to work,” Vaughn said. “Our new space will allow our shared services and operating divisions, including Journeys, Johnston & Murphy, and Genesco’s Licensed Brands-which include Levi’s Footwear, Dockers Footwear and Bass Footwear-to better serve our employees, vendors and customers, and facilitate our next wave of growth.”
The Company’s corporate headquarters have been at 1415 Murfreesboro Road in Nashville since 1965. There are more than 800 employees currently at the corporate headquarters location.
Exhibit 99.1
About Genesco Inc.
Genesco Inc., a Nashville-based specialty retailer, sells footwear and accessories in approximately 1,490 retail stores throughout the U.S., Canada, the United Kingdom and the Republic of Ireland, principally under the names Journeys, Journeys Kidz, Schuh, Schuh Kids, Little Burgundy, Johnston & Murphy, and on internet websites www.journeys.com, www.journeyskidz.com, www.journeys.ca, www.schuh.co.uk, www.littleburgundyshoes.com, www.johnstonmurphy.com, www.johnstonmurphy.ca, www.trask.com, and www.dockersshoes.com. In addition, Genesco sells wholesale footwear under its Johnston & Murphy brand, the Trask brand, the licensed Dockers brand, the licensed Levi’s brand, the licensed Bass brand, and other brands. For more information on Genesco and its operating divisions, please visit www.genesco.com.
Financial Contacts:
Mel Tucker
Senior Vice President, Chief Financial Officer
Genesco Inc.
(615) 367-7465
mtucker@genesco.com
Dave Slater
Vice President, Financial Planning & Analysis and IR
Genesco Inc.
(615)367-7604
dslater@genesco.com
Media Contact:
Claire S. McCall
Director, Corporate Relations
Genesco Inc.
(615) 367-8283
cmccall@genesco.com