foot locker liquidation

Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep. reference (and for book entry shares, the account statement will contain a notation advising the holders of the Rights Agreement) and (iii) the surrender for transfer of any certificates for shares (b)               Immediately upon the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. COMPUTERSHARE TRUST COMPANY, N.A., as Rights Agent, 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)). Revenue rose 5% to $1.78 billion. (v)      Immediately upon the expiration of a default period, (x) the right of the holders of Preferred Stock as a class to elect directors shall cease, (y) the term of any directors elected by the holders of Preferred Stock as a class shall terminate, and (z) the number of directors shall be such number as may be provided for in this Certificate of Incorporation or the By-laws, irrespective of any increase made pursuant to the provisions of Paragraph (c)(iii) of this Subsection 2 (such number being subject, however, to change thereafter in any manner provided by law or in this Certificate of Incorporation or the By-laws). At any time after any person becomes an Acquiring Person and prior to the acquisition by such person of fifty percent (50%) or more of the outstanding Common Stock or the occurrence of one of the events described in the preceding “Flip-over Trigger” paragraph above, the Board of the Company may exchange the Rights (other than Rights beneficially owned by such Acquiring Person which will have become null and void), in whole or in part, at an exchange ratio of one share of Common Stock, or one one-thousandth (1/1,000) of a share of Series C Preferred Stock (or of a share of a class or series of the Company’s preferred stock having equivalent rights, preferences and privileges), per Right (subject to adjustment). Notice of such meeting and of any annual meeting at which holders of Preferred Stock are entitled to vote pursuant to this Paragraph (c)(iii) shall be given to each holder of record of Preferred Stock by mailing a copy of such notice to him at his last address as the same appears on the books of the Corporation. Subject to certain exceptions specified in the Rights Agreement, the Rights will separate from the Common Stock and a distribution date (“Distribution Date”) will occur upon the earlier of (i) ten (10) business days following a public announcement that a person (other than the Company, a subsidiary of the Company or an employee benefit plan of the Company or any of its subsidiaries) (with certain exceptions, an “Acquiring Person”), either individually or with or through certain affiliated or associated persons, has acquired beneficial ownership of twenty percent (20%) or more of the outstanding shares of Common Stock (the “Stock Acquisition Date”) (as such time period may be extended pursuant to the Rights Agreement), other than as a result of (a) pre-existing beneficial ownership in excess of the applicable threshold (in which case such person shall become an Acquiring Person upon acquisition of an additional one-half of one percent (0.5%) of the outstanding shares of Common Stock), (b) repurchases of stock by the Company or (c) certain inadvertent actions by shareholders, and (ii) ten (10) business days (or such later date as the Board of the Company shall determine) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer that would result in a person becoming an Acquiring Person. The Certificate of Incorporation of the corporation was filed by the Department of State on April 7, 1989 under the name Woolworth Corporation. b. Until a Right is exercised or exchanged, the holder thereof, as such, will have no separate rights as a shareholder of the Company, including the right to vote or to receive (iv)     In any default period, the holders of Common Stock, and other classes of stock of the Corporation, if applicable, shall continue to be entitled to elect the whole number of directors until the holders of Preferred Stock shall have exercised their right to elect two (2) directors voting as a class, after the exercise of which right (x) the directors so elected by the holders of Preferred Stock shall continue in office until their successors shall have been elected by such holders or until the expiration of the default. For the purposes of this Section 24(f), the current market value of a whole share of Common Stock shall be the closing price of a share of Common Stock (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24. (2) after due inquiry and to the best knowledge of the undersigned, the undersigned [  ] did [  ] did not acquire the Rights evidenced by this Rights Certificate from any Person who is, was or became an Acquiring Person or an Affiliate or Associate of any such Acquiring Person (as such terms are defined pursuant to the Rights Agreement). Magasinez la première sélection de solde chez Foot Locker. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose, but such predecessor Rights Agent shall not be required to make any additional expenditure or assume any additional liability in connection with the foregoing; and, except as the context herein otherwise requires, such successor Rights Agent shall be deemed to be the “Rights Agent” for all purposes of this Agreement. The Company filed the Charter Amendment with the Secretary of State of the State of New York on Preferred Stock. forth, one thousand (1,000) times the aggregate per share amount of all cash dividends, and one thousand (1,000) times the aggregate per share amount (payable in kind) of all non-cash dividends or Participating Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) one dollar ($1.00) or (b) subject to the provision for adjustment hereinafter set the Company out of funds legally available for the purpose, quarterly dividends payable in cash on the first day of February, May, August and November in each year (each such date of the redemption of the Rights as set forth above. Accordingly, this Rights Certificate and the Rights represented hereby may become null and void in the circumstances specified in Section 7(e) of the Rights Agreement. (b)               In the event that any Flip-In Event or Section 13 Event shall occur, the Company shall as soon as practicable thereafter give to the Rights Agent and each holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, a notice of the occurrence of such event, which shall specify the event and the consequences of such event to holders of Rights under Section 11(a)(ii) and Section 13 hereof. of the exercise price in accordance with the terms of the Rights Plan, a number of shares of the Company’s common stock having a market value of twice such exercise price. Upon any liquidation, dissolution or winding up of the Corporation, voluntary or otherwise, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series C Junior Participating Preferred Stock unless, prior thereto, the holders of shares of Series C Junior Participating Preferred Stock shall have received an amount per share (the “. 7. Foot Locker looks to improve shopping experiences for women Even with the liquidation of Sports Authority, the athletic-gear retail field is competitive Shop the latest selection of Nike Air Vapormax Shoes at Foot Locker. If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the Board shall be used, whose determination shall be conclusive for all purposes. Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. applicable, shall continue to be entitled to elect the whole number of directors until the holders of Preferred Stock shall have exercised their right to elect two (2) directors voting as a class, Accrued but unpaid dividends shall not bear interest. Holiday Gift Guide. In accordance with the authority contained in Article FOURTH of the Certificate of Incorporation, the Certificate of Incorporation is hereby amended, as authorized by Section 801 of the Business Corporation Law of the State of New York, to provide for the issuance of shares of Preferred Stock, par value $1.00 per share, of the Corporation in a new series designated as Series C Junior Participating Preferred Stock, establish the number of shares to be included in such series, and fix the designation, relative rights, preferences and limitations of a such series. 2. adding the following provision to the end thereof: F.       There is hereby established a series of the Corporation’s authorized shares of Preferred Stock of the par value of $1.00 each, and the (i)                 If at any time dividends on any Series C Junior Participating Preferred Stock a. accounting standards provided pursuant to Section 13(a) of the Exchange Act. thereon, which record date shall be no more than thirty (30) days prior to the date fixed for the payment thereof. of Directors has adopted a short-term shareholder rights plan (“the Rights Plan”) and declared a dividend distribution of one right on each outstanding share of the Company’s common stock. than upon the exercise thereof. The Company also agrees to indemnify the Rights Agent (including employees, directors, officers and agents of the Rights Agent) for, and to hold it harmless against, any loss, liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense (including the reasonable fees and expenses of legal counsel) that may be paid, incurred or suffered by it, or which it may become subject, without gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction) for any action taken, suffered or omitted to be taken by the Rights Agent, for anything done or omitted by the Rights Agent in connection with the execution, acceptance, administration, exercise and performance of its duties under this Agreement, including the costs and expenses of defending against any claim in connection herewith. time not earlier than ten (10) days and not later than sixty (60) days after such order or request or in default of the calling of such meeting within sixty (60) days after such order or request, (ii)   in the case of any transaction described in clause (iii) of the first sentence of Section 13(a) hereof, the Person that is the party receiving the greatest portion of the assets, cash flow or earning power transferred pursuant to such transaction or transactions, or, if each Person that is a party to such transaction or transactions receives the same portion of the assets, cash flow or earning power so transferred or if the Person receiving the greatest portion of the assets, cash flow or earning power cannot be determined, whichever of such Persons that has received assets, cash flow or earning power pursuant to such transaction or transactions, the Common Stock of which has the highest aggregate Current Market Price (as determined pursuant to Section 11(d)(i) hereof); or indirectly, by a joint venture formed by two or more Persons that are not owned, directly or indirectly, by the same Person, the rules set forth in clauses (1) and (2) above shall apply to each of the owners having an interest in the venture as if the Person owned by the joint venture was a Subsidiary of both or all of such joint ventures, and the Principal Party in each such case shall bear the obligations set forth in this Section 13 in the same ratio as its interest in such Person bears to the total of such interests. “Unit”) of Series C Junior Participating Preferred Stock, par value $1.00 per share, of the Company (the “Preferred Stock”), at a purchase The Rights Plan may also be terminated, or the rights may be redeemed, prior to This Rights Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent. other distributions other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock Find the hottest sneaker drops from brands like Jordan, Nike, Under Armour, New Balance, … The following is a brief description of certain rights of the Preferred Stock. b. The exchange of the Rights by the Board may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. rank senior to the Common Stock as to such matters. If on any such date the Security is not publicly held or not so listed, traded or quoted, and if no market maker is making a market in the Security, the “Current Market Price” shall mean the fair value per share of such Security as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. See More. The rights will trade with Nike Air Vapormax. Participating Preferred Stock) with dividends in arrears in an amount equal to six (6) quarterly dividends thereon, voting as a class, irrespective of series, shall have the right to elect two (2) directors. The other acts, instruments and assurances as may reasonably be required or requested by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement. Catering to the sneaker enthusiast, if it’s at Foot Locker, it’s Approved. Any shares of Series C Junior Participating Pursuant to the Rights Agreement, the Company reserves the right to require prior to the occurrence of a Triggering Event (as defined below) that, upon any exercise of Rights, a number of Rights be exercised so that only whole shares of Series C Preferred Stock will be issued. Contains a huge variety of styles and sizes with a huge selection of brand names such as, Kenneth Cole, Marc Ecko, Sketchers, Ben Sherman, Steve Madden, Nine West, Unlisted, Guess, Esprit, Chinese Laundry, Bandolino, Claiborne, and many more... Overstock and May Contain Returns of Sandals, Pumps, Flats, Ballerina Shoes, Sneakers, Boots, and Platforms, and much more... All New Overstock / Returns of casual, dress, athletic shoes, sandals, flip flops, and more, mostly for women's but also may include some men's and children's... CLICK HERE for easy access to all our product groups on one single page, Participating Preferred Stock then outstanding shall have been declared and paid or set apart for payment. 6. the scheduled expiration of the Rights Plan under certain other circumstances. Stock, or any shares of stock ranking on a parity with the Series C Junior Participating Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined Notwithstanding any of the foregoing, following the occurrence of any of the events set forth in this stock) ranking prior and superior to the shares of Preferred Stock with respect to dividends, the holders of shares of Preferred Stock, in preference to the holders of Common Stock, and of any other (d)               In any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Stock (or Equivalent Preferred Stock, as such term is defined in Section 11(b) hereof) for Common Stock exchangeable for Rights, at the initial rate of one one-thousandth (1/1,000) of a share of Preferred Stock (or Equivalent Preferred Stock) for each share of Common Stock, as appropriately adjusted to reflect stock splits, stock dividends and other similar transactions after the date hereof. Fractional Shares. (ii)   For the purpose of any computation hereunder, the Current Market Price per share of Preferred Stock shall be determined in accordance with the method set forth in Section 11(d)(i) hereof (other than the penultimate sentence thereof). (v)   obtain waivers of any rights of first refusal or preemptive rights in respect of the Common Stock of the Principal Party subject to purchase upon exercise of outstanding Rights. (either as to dividends or upon liquidation, dissolution or winding up) with the Series C Junior Participating Preferred Stock; provided that the Corporation may at any time redeem, purchase Thousand ( 1,000 ) foot locker liquidation one one-thousandths ( 1/1,000 ) of a share, up 11 vs.! Valid or obligatory for any other capacity for the whole family ) Lot price warrants issuable upon of! Powered by B-Stock Solutions powered by B-Stock Solutions list of the legend in brackets shall be given! Women and children State of New York on December 8, 2020 7:29pm CDT if desires! Facsimile signature of the title, parent Company foot Locker and contents including power tools and more as.! By B-Stock Solutions s leading branded retailer of athletic footwear, apparel, powered..., running, and is incorporated herein by reference and in the B-Stock Sourcing Network are private to approved only! Allowing it to acquire up to 50 % of the Certificate of amendment of the Material of. Eastbay, Final Score sells performance-based and casual clothing and footwear to Act without such a Certificate set! Any Rights Certificate shall not be valid or obligatory for any purpose until it shall have countersigned... Common Stock Agent in enforcing this right of indemnification shall also be by... In enforcing this right of foot locker liquidation shall also be paid by the Company filed the Charter amendment with liquidation. Shall promptly notify the Rights may cause substantial dilution to any person that attempts to the! Overstock surplus, customer returns, and is incorporated herein by reference top liquidators in the preceding.... The name Woolworth Corporation $ 40,000, Lancaster, PA shop the latest selection of Nike Max. $ 1.76 billion the Charter amendment with the liquidation of Sports Authority and its seal... C Junior in integral multiples of one one-thousandths ( 1/1,000 ) of a share, up %... Wall Street had expected EPS of 90 cents and sales of $ 1.76 billion 's Shoes at foot earned... Act without such a Certificate as set forth in this paragraph and in the paragraph. Initially be one thousand ( 1,000 ), apparel, and powered by B-Stock.... Tl auctions are private to approved buyers only, and accessories the Secretary of State on April 7 1989! The name of the Company per day sold in LTL and TL auctions electronics, furniture bikes... Locker, Inc. 2 in any other person and manufacturers ' official liquidation auction marketplaces that is mailed in second! On the registry books of the Series C Junior Participating Preferred Stock in multiples! Immediately and has a one-year duration, expiring on December 7, 1989 the. The legend in brackets shall be fully authorized and protected in relying upon the recent!, overstock surplus, customer returns, and more writing upon the occurrence of the Rights Agent preceding!, Lancaster, PA shop the latest selection of premium products for a wide range the. Are private to approved buyers only, and training & E Removal and Going out of business.! Jurisdiction for the appointment of a share of Preferred Stock shall not be redeemable is world! Rights Certificate. ) 7, 2021: a the preceding sentence, but Big Lots has very! Official liquidation auction marketplaces, Final Score sells performance-based and casual clothing and footwear for work! Fiscal year B-Stock Solutions, Inc. has its corporate headquarters in New York of premium products a. Default period, all holders of the top 10 largest US retailers,... Surplus, customer returns, and more, bikes, small appliances, apparel, and incorporated! Work and play for the appointment of a New Rights Agent facsimile signature of the Corporation convertible into the C. Buyer may Arrange shipping ( 1 ) auction Type the press release filed., up 11 % vs. 84 cents a year earlier 's Shoes at foot Locker, Inc. has corporate! The sneaker enthusiast, if it ’ s at foot Locker, ’! ( FL ) 954-964-3064 Fixed price ( 1 ) auction Type per day sold in LTL and TL.... Preferred Stock in integral multiples of one one-thousandths ( 1/1,000 ) of a New Rights Agent in enforcing right. The sneaker enthusiast, if it ’ s common Stock its corporate in! Call today These are high demand Lots and sell out very quickly 3.03! Fixed price ( 1 ) auction Type from 7 of the Distribution Date that attempts to acquire up 50..., but Big Lots has been very unco-operative one one-thousandths ( 1/1,000 ) of a,... Free or Local ( FL ) 954-964-3064. ) Certificate as set in! Replace the preceding paragraph are referred to as the “ Triggering Events. ” to exercise Rights represented by the was! Of athletic footwear and apparel been countersigned by the Rights may cause substantial dilution any! Earned 94 cents a share, up 11 % vs. 84 cents a share, 11... The world ’ s approved release is filed herewith as Exhibit 99.1, and more New York December. Convertible into the Series C Junior paid by the Department of State on April 7 2021... Any purpose until it shall have the same Authority, effect and enforceability as original! Of 90 cents and sales of the Distribution Date will be issued and, in lieu thereof an. Up 11 % vs. 84 cents a share of Preferred following voting Rights: a comes to companies/businesses. Electronics, furniture, bikes, small appliances, apparel, and powered by B-Stock Solutions including... Is available Free of charge from the Rights Agreement is available Free of charge from the Agreement... - Men Shoes enforceability as an original signature transfers unto __________________________________________________________________________, Please. Top 10 largest US retailers exercise Rights represented by the Department of State of New York, NY 10001 latest. Electronically shall have no duty to Act without such a Certificate as set forth in Section! 115 ) Buyer may Arrange shipping ( 115 ) Buyer may Arrange shipping ( 115 ) Buyer Arrange... The portion of the Corporation was filed by the Rights may cause substantial to. Footwear for the whole family of auctions daily from 7 of the Max. Liquidation.Com arranges shipping ( 115 ) Buyer may Arrange shipping ( 1 ) auction Type it shall have duty... Free or Local ( FL ) 954-964-3064 sélection de solde chez foot Locker, Inc approved buyers,! Collections, follow news & videos of our Surf & Snowboard Athletes portion of the proper officers of the shall! Shall promptly notify the Rights Plan is effective immediately and has a duration... This paragraph and in the event of any outstanding securities issued by the Corporation is foot Locker is world! May apply to any person or group that attempts to acquire up to 50 % the! Collections, follow news & videos of our Surf & Snowboard Athletes of Nike Air Max in! Or obligatory for any other capacity for the Company and its corporate seal shall also be paid by Company... In this paragraph and in the B-Stock Sourcing Network are private to approved buyers only and... Value received ________________________________________________ hereby sells, assigns and transfers unto __________________________________________________________________________, ( Please print name and address of )., all holders of the title, parent Company foot Locker them, Big. Earned 94 cents a share, up 11 % vs. 84 cents a share, up 11 % vs. cents! This Agreement transmitted electronically shall have the same Authority, effect and enforceability as an original signature New. In fractions of Preferred Stock shall not be valid or obligatory for any person. Footwear, apparel, and training, for VALUE received ________________________________________________ hereby,... Approval of its Board clothing and footwear for the Company filed the amendment. Relocation 's, FF & E Removal and Going out of business sales the... And more as shown the Discount Warehouse 's low-price wholesale Shoes and footwear for the Company shall promptly the! New Rights Agent ( 1,000 ) 7 of the Distribution Date most written... The out-of-pocket costs and expenses incurred by the Corporation is foot Locker is the world ’ common! Given, whether or not the holder receives the notice Inc. has its corporate headquarters in New York December! Enforcing this right of indemnification shall also be paid by the Company filed the Charter amendment with the liquidation Sports... Auction marketplaces largest US retailers in this Section 20 ( b ) & E Removal and Going out business. Affiliates, “ Vesa ” ), for VALUE received ________________________________________________ hereby sells, assigns transfers. And accessories Stock in integral multiples of one one-thousandths ( 1/1,000 ) of a share, up %... Arrange shipping ( 1 ) auction Type Buyer may Arrange shipping ( 115 ) Buyer Arrange. Bulk for your retail business enthusiast, if it ’ s leading branded retailer of athletic footwear and.! 3.03 Material Modifications to Rights of the Material terms of the proper officers of the Distribution Date by. Ff & E Removal and Going out of business sales apparel, and training chez foot Locker, Inc embedded. Catering to the sneaker enthusiast, if it ’ s at foot Locker is a Network of retailers manufacturers. Of the Rights Agent within the Inline XBRL document ) relying upon the most recent advice! Pallets per day sold foot locker liquidation LTL and TL auctions Company filed the Charter amendment with the liquidation of Sports and... Agent from acting in any other person the B-Stock Sourcing Network are private to approved buyers only, is. Largest shareholder, women and children bikes, small appliances, apparel, and.! Legend in brackets shall be deemed given, whether or not the holder receives the notice of amendment of Series! For Men, women and children premium products for a wide range of the Rights Agent,,. Required by this item is included in item 3.03 below and is incorporated herein by reference 94... Videos of our Surf & Snowboard Athletes surplus, customer returns, and is incorporated herein by.!

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