Children's Place, Inc. (the) · NASDAQ:PLCE
Children's Place, Inc. (the) — Proxy Contest (April 2018)
11 slides from Children's Place, Inc. (the)'s proxy contest presentation, Apr 26, 2018
Slide 1: Spring 2018: Shareholder Engagement
SPRING 2018: SHAREHOLDER ENGAGEMENT
Slide 2: Safe Harbor Statement
2 SAFE HARBOR STATEMENT Forward Looking Statements This presentation contains or may contain forward - looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 , including but not limited to statements relating to the Company’s strategic
Slide 3: The Children's Place
3 THE CHILDREN’S PLACE • 1,014 stores across North America • Growing online retail presence ( www.childrensplace.com ) representing nearly 23% of sales • 190 international points of distribution in 19 countries, open and operated by 7 franchise partners and Tmall in China • #1 pure play children’s s
Slide 4: Significant Progress on Strategic Initiatives in 2017
4 SIGNIFICANT PROGRESS ON STRATEGIC INITIATIVES IN 2017 Successful execution of this strategy is driving operating margin expansion, robust capital returns and increasing shareholder value In fiscal 2017, we continued to make significant progress on our four key strategic growth initiatives develope
Slide 5: Strong Leadership Driving Exceptional Performance
x Developed strategic vision as a leading global omni - channel children’s apparel brand and created four pillar strategy for growth x Led successful multi - year transformation of PLCE by assembling, motivating and leading a best - in - class management team x Continuing to achieve retail industry
Slide 6: Exceptional Performance Across Key Value Drivers
Cumulative Stock Repurchases $90.1 $147.4 $161.5 $110.8 $151.7 $178.9 2015 2016 2017 GAAP Operating Income Adjusted Operating Income EXCEPTIONAL PERFORMANCE ACROSS KEY VALUE DRIVERS Operating Income $2.80 $5.40 $4.67 $3.60 $5.43 $7.91 2015 2016 2017 GAAP EPS Adjusted EPS Earnings Per Share Operating
Slide 7: Engagement and Responsiveness
7 ENGAGEMENT AND RESPONSIVENESS During FY 2017, we: • Reached out to shareholders holding approximately 77% of outstanding shares • Engaged with shareholders holding 55% of outstanding shares • Directors led meetings and calls with shareholders holding over 40% of outstanding shares • Received feedb
Slide 8: Executive Compensation Pay Elements
8 Pay Element Components Performance Element Link to Strategic Growth Initiatives Base Salary Cash • Reviewed periodically in light of performance factors, market practices & advice of the compensation consultant • Reflects job responsibilities, skills & experience & provides a reasonable, competiti
Slide 9: Board Composition and Governance
9 BOARD COMPOSITION AND GOVERNANCE Directors Bring Deep, Relevant Experience Balanced and Diverse Director Perspectives 9 directors with an average tenure of ~5.6 years 3 3 3 8+ yrs. 4-7 yrs. 1-3 yrs. Ethnic, gender, national or other diversity 33% Finance/Accounting/Risk Mgmt. 8 Management/C - Suit
Slide 10: Governance & Compensation Best Practices
10 GOVERNANCE & COMPENSATION BEST PRACTICES x Adopted special meeting rights (25%) x Declassified the Board x Adopted proxy access x Eliminated supermajority voting requirements x Capped director participation on outside public company boards at 4 (including PLCE) x Appointed independent Board Chair
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