Long-Time Board Member Frances P. Philip Announces She Will Not Be Standing for Re-Election at 2025 Shareholder Meeting
Vera Bradley (NASDAQ: VRA) announced that Frances P. Philip will not seek re-election at the 2025 Shareholder Meeting. Philip, who has served on the company's Board since 2011, has been the Lead Independent Director since 2022 and has been a member of both the Talent and Compensation Committee and the Nominating, Governance and Sustainability Committee.
During her 14-year tenure, Philip contributed significant product development, branding, marketing, and retail experience to the company's board. Robert Hall, Chairman of the Board, praised her strategic insight and expertise in merchandising. The company will continue to operate with seven remaining Board members representing diverse skills and backgrounds.
Vera Bradley (NASDAQ: VRA) ha annunciato che Frances P. Philip non si candiderà per la rielezione all'Assemblea degli Azionisti del 2025. Philip, che fa parte del Consiglio di Amministrazione dell'azienda dal 2011, è stata Direttrice Indipendente Principale dal 2022 ed è stata membro sia del Comitato per il Talento e le Retribuzioni sia del Comitato per la Nomina, la Governance e la Sostenibilità.
Durante i suoi 14 anni di mandato, Philip ha apportato un contributo significativo in termini di sviluppo prodotto, branding, marketing e retail al consiglio dell'azienda. Robert Hall, Presidente del Consiglio, ha elogiato la sua visione strategica e competenza nel merchandising. L'azienda continuerà a operare con i sette membri rimanenti del Consiglio, che rappresentano competenze e background diversificati.
Vera Bradley (NASDAQ: VRA) anunció que Frances P. Philip no buscará la reelección en la Junta de Accionistas de 2025. Philip, quien ha formado parte del Consejo de Administración de la empresa desde 2011, ha sido la Directora Independiente Principal desde 2022 y ha sido miembro tanto del Comité de Talento y Compensación como del Comité de Nominaciones, Gobernanza y Sostenibilidad.
Durante sus 14 años en el cargo, Philip aportó una valiosa experiencia en desarrollo de productos, branding, marketing y venta al por menor al consejo de la empresa. Robert Hall, Presidente del Consejo, destacó su visión estratégica y experiencia en comercialización. La empresa continuará operando con los siete miembros restantes del Consejo, quienes representan habilidades y antecedentes diversos.
Vera Bradley (NASDAQ: VRA)는 Frances P. Philip이 2025년 주주총회에서 재선에 도전하지 않을 것이라고 발표했습니다. Philip은 2011년부터 회사 이사회에서 활동해 왔으며, 2022년부터는 수석 독립 이사로서 재능 및 보상 위원회와 지명, 거버넌스 및 지속 가능성 위원회의 일원으로 활동해 왔습니다.
14년간의 임기 동안 Philip은 제품 개발, 브랜드 관리, 마케팅 및 소매 분야에서 회사 이사회에 큰 기여를 했습니다. 이사회 의장 Robert Hall은 그녀의 전략적 통찰력과 상품 기획 전문성을 높이 평가했습니다. 회사는 다양한 역량과 배경을 가진 7명의 이사진으로 계속 운영될 예정입니다.
Vera Bradley (NASDAQ : VRA) a annoncé que Frances P. Philip ne sollicitera pas de réélection lors de l'Assemblée des actionnaires de 2025. Philip, membre du conseil d'administration de l'entreprise depuis 2011, est Directrice indépendante principale depuis 2022 et a siégé aux comités Talent et Rémunération ainsi qu'au comité de Nomination, Gouvernance et Durabilité.
Au cours de ses 14 années de mandat, Philip a apporté une contribution significative en développement produit, image de marque, marketing et commerce de détail au conseil d'administration. Robert Hall, Président du conseil, a salué sa vision stratégique et son expertise en merchandising. L'entreprise continuera de fonctionner avec les sept membres restants du conseil, qui représentent des compétences et des parcours diversifiés.
Vera Bradley (NASDAQ: VRA) gab bekannt, dass Frances P. Philip bei der Aktionärsversammlung 2025 nicht erneut kandidieren wird. Philip, die seit 2011 im Vorstand des Unternehmens tätig ist, war seit 2022 die leitende unabhängige Direktorin und Mitglied sowohl des Talent- und Vergütungsausschusses als auch des Nominierungs-, Governance- und Nachhaltigkeitsausschusses.
Während ihrer 14-jährigen Amtszeit brachte Philip umfassende Erfahrungen in Produktentwicklung, Markenführung, Marketing und Einzelhandel in den Vorstand ein. Robert Hall, Vorstandsvorsitzender, lobte ihre strategische Weitsicht und Expertise im Merchandising. Das Unternehmen wird weiterhin mit den verbleibenden sieben Vorstandsmitgliedern arbeiten, die vielfältige Fähigkeiten und Hintergründe repräsentieren.
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FORT WAYNE, Ind., April 18, 2025 (GLOBE NEWSWIRE) -- Vera Bradley (NASDAQ: VRA) (the “Company”) today announced that long-time board member Frances P. Philip will not stand for re-election at the upcoming 2025 Shareholder Meeting.
Ms. Philip joined the Company’s Board in 2011 and has served as a member on both the Talent and Compensation Committee, as well as the Nominating, Governance and Sustainability Committee during her tenure. Ms. Philip has served as the Lead Independent Director since 2022, overseeing the Company’s business with insights stemming from the extensive product development, branding, marketing, and retail experience she possesses.
Robert Hall, Chairman of the Vera Bradley board of Directors, commented, “Frances has been a highly respected and influential member of the Company’s Board of Directors over the past 14 years. Her deep strategic insight and broad expertise in merchandising and product development have been important perspectives in the Company’s journey. On behalf of the Board and the entire Company, I extend our sincere gratitude for her dedicated service.”
Ms. Philip noted, “It’s been an honor to serve on the Vera Bradley Board, and I remain confident in Vera Bradley’s continued success and promising future.”
The Company is served by seven remaining Board members with a diverse set of skills and backgrounds.
About Vera Bradley, Inc.
Vera Bradley, based in Fort Wayne, Indiana, is a leading designer of women’s handbags, luggage and other travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand is known for its innovative designs, iconic patterns, and brilliant colors that inspire and connect women unlike any other brand in the global marketplace.
The Company has two reportable segments: Vera Bradley Direct (“VB Direct”) and Vera Bradley Indirect (“VB Indirect”). The VB Direct business consists of sales of Vera Bradley products through Vera Bradley Full-Line and Outlet stores in the United States; Vera Bradley’s websites, www.verabradley.com, outlet.verabradley.com, and international.verabradley.com; and the Vera Bradley annual outlet sale in Fort Wayne, Indiana. The VB Indirect business consists of sales of Vera Bradley products to approximately 1,200 specialty retail locations throughout the United States, as well as select department stores, national accounts, third party e-commerce sites, and third-party inventory liquidators, and royalties recognized through licensing agreements related to the Vera Bradley brand.
Website Information
We routinely post important information for investors on our website www.verabradley.com in the "Investor Relations" section. We intend to use this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.
Investors and other interested parties may also access the Company’s most recent Corporate Responsibility and Sustainability Report outlining its ESG (Environmental, Social, and Governance) initiatives at https://verabradley.com/pages/corporate-responsibility.
Vera Bradley Safe Harbor Statement
Certain statements in this release are "forward-looking statements" made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected, including: possible adverse changes in general economic conditions and their impact on consumer confidence and spending; possible inability to predict and respond in a timely manner to changes in consumer demand; possible loss of key management or design associates or inability to attract and retain the talent required for our business; possible inability to maintain and enhance our brands; possible inability to successfully implement the Company’s long-term strategic plan; possible inability to successfully open new stores, close targeted stores, and/or operate current stores as planned; incremental tariffs or adverse changes in the cost of raw materials and labor used to manufacture our products; possible adverse effects resulting from a significant disruption in our distribution facilities; or business disruption caused by pandemics or other macro factors. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended February 1, 2025. We undertake no obligation to publicly update or revise any forward-looking statement. Financial schedules are attached to this release.
Contacts
Investors:
Tom Filandro, Partner
ICR, Inc.
VeraBradleyIR@icrinc.com
Media:
Mediacontact@verabradley.com
877-708-VERA (8372)
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