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): July 9, 2018
DAVIDsTEA Inc.
(Exact name of registrant as specified in its charter)
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Canada |
98‑1048842 |
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(State or other jurisdiction of incorporation) |
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(I.R.S. Employer Identification Number) |
001‑37404
(Commission File Number)
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5430 Ferrier, Mount-Royal |
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H4P 1M2 |
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(Address of principal executive offices) |
(Zip Code) |
(888) 873‑0006
(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:
☐ 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))
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. ☒
Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 9, 2018, Roland Walton resigned from the Board of Directors of DAVIDsTEA Inc. (the “Company”). Also, on July 9, 2018, Doug Higginbotham, Vice-President of Supply Chain & Customer Service of the Company, resigned from his position effective July 20, 2018.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
99.1Press release of DAVIDsTEA Inc. issued on July 13, 2018.
SIGNATURE
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.
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DAVIDsTEA Inc.
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By:
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/s/ Herschel Segal |
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Name: Herschel Segal
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Date: July 13, 2018
Exhibit 99.1
DAVIDsTEA ANNOUNCES BOARD RESIGNATION
MONTREAL, July 13, 2018 -- DAVIDsTEA Inc. (Nasdaq: DTEA) announces that Roland Walton has resigned as a director.
“We thank Roland Walton for his contribution, particularly in the period leading up to the recent annual meeting of shareholders, and wish him the very best,” said Herschel Segal, Executive Chairman of the Board and interim Chief Executive Officer of DavidsTea.
The Board of Directors has commissioned the Human Resources and Compensation Committee to initiate the process of finding a new director to fill the vacancy on the Board.
About DAVIDsTEA
DAVIDsTEA is a retailer of specialty tea, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories and food and beverages, primarily through 240 company operated DAVIDsTEA stores throughout Canada and the United States as of May 5, 2018, and its website, davidstea.com. The Company is headquartered in Montréal, Canada.
Investor Contact
MaisonBrison Communications
Pierre Boucher
514‑731‑0000
investors@davidstea.com