KIRKLAND'S ANNOUNCES RESULTS OF 2024 ANNUAL MEETING OF SHAREHOLDERS

Rhea-AI Summary

Kirkland's Home, trading under the symbol KIRK on Nasdaq, announced the outcomes of its 2024 Annual Meeting of Shareholders held on June 26, 2024. Key highlights include the election of Amy Sullivan and re-election of Ann Joyce to the Board of Directors. R. Wilson Orr, III and Steven J. Collins did not receive majority votes and subsequently resigned, effective immediately. Ann Joyce has been appointed as the new Chair of the Board, and the Board size has been reduced from eight members to six. Additionally, shareholders approved amendments to the company's Equity Incentive Plan, an advisory vote on executive compensation, and ratified the appointment of independent auditors.

Positive

• Amy Sullivan and Ann Joyce elected to Board of Directors.
• Ann Joyce appointed as Chair of the Board.
• Board size reduced from eight members to six.
• Shareholders approved amendments to the Equity Incentive Plan.
• Shareholders approved an advisory vote on executive compensation.
• Shareholders ratified the appointment of independent auditors.

Negative

• R. Wilson Orr, III and Steven J. Collins did not receive majority votes and resigned from the Board.

Ann Joyce named Board Chair

NASHVILLE, Tenn., June 27, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, today announced the results of its 2024 Annual Meeting of Shareholders held June 26, 2024 (the "Annual Meeting").

Amy Sullivan was elected and Ann Joyce was re-elected to the Board of Directors (the "Board"). R. Wilson Orr, III and Steven J. Collins did not receive a majority of the votes cast, and each offered his resignation from the Board. The Board, after considering the shareholder vote, accepted the resignations, effective immediately, while acknowledging the significant contribution to the Company made by Messrs. Orr and Collins over their distinguished tenures. Also, effective immediately, the Board appointed Ms. Joyce as Chair of the Board and reduced the Board size from eight members to six.

"Ann is a respected retail industry executive who has worked closely with the management team as we have developed and executed our strategy to usher in a new chapter for Kirkland's," stated Amy Sullivan, President and Chief Executive Officer of the Company. "Her leadership as Chair will strengthen the Board's oversight of that strategy."

"On behalf of the Board and the entire leadership team at Kirkland's, we thank Wilson and Steve for their leadership and dedication to the Company over the past two decades," added Ms. Sullivan.

Other management proposals on the ballot at the Annual Meeting received strong shareholder support and approval:

• Amendment of the Company's Equity Incentive Plan
• Advisory vote to approve executive compensation
• Ratification of the appointment of independent auditors

About Kirkland's, Inc.

Kirkland's, Inc. is a specialty retailer of home décor and furnishings in the United States, currently operating 328 stores in 35 states as well as an e-commerce website, www.kirklands.com, under the Kirkland's Home brand. The Company provides its customers with an engaging shopping experience characterized by a curated, affordable selection of home décor and furnishings along with inspirational design ideas. This combination of quality and stylish merchandise, value pricing and a stimulating in-store and online environment provides the Company's customers with a unique brand experience. More information can be found at www.kirklands.com.

Contact:

Kirkland's Home Mike Madden 1-615-872-4800

ICR Caitlin Churchill KIRK@icrinc.com 1-203-682-8200

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SOURCE Kirkland's, Inc.

FAQ

What were the results of Kirkland's 2024 Annual Meeting of Shareholders?

The results included the election of Amy Sullivan and re-election of Ann Joyce to the Board of Directors, the resignation of R. Wilson Orr, III and Steven J. Collins, the appointment of Ann Joyce as Chair, and the reduction of the Board size from eight members to six.

Who was appointed as the new Chair of Kirkland's Board of Directors in 2024?

Ann Joyce was appointed as the new Chair of the Board of Directors.

What changes were made to Kirkland's Board of Directors in 2024?

Changes included the election of Amy Sullivan and re-election of Ann Joyce, the resignation of R. Wilson Orr, III and Steven J. Collins, the appointment of Ann Joyce as Chair, and the reduction in the Board size from eight members to six.

Which management proposals were approved at Kirkland's 2024 Annual Meeting?

Shareholders approved amendments to the Equity Incentive Plan, an advisory vote on executive compensation, and the ratification of independent auditors.

What was the fate of R. Wilson Orr, III and Steven J. Collins at Kirkland's 2024 Annual Meeting?

R. Wilson Orr, III and Steven J. Collins did not receive the majority of votes and resigned from the Board.