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JNY > SEC Filings for JNY > Form 8-K on 16-Apr-2014All Recent SEC Filings

Show all filings for JONES GROUP INC



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 15, 2014, Nine West Holdings, Inc. (as successor to The Jones Group Inc., the "Company") announced that Wesley R. Card and John T. McClain will step down as Chief Executive Officer and Chief Financial Officer, respectively, of the Company. The departures were agreed to between the officers and the Company following the previously announced carveout and other reorganization transactions undertaken in connection with the Company's recently completed merger with affiliates of Sycamore Partners that resulted in the Company's business now being comprised of the Nine West footwear and accessories business and the jeanswear business. In connection with their departures, Messrs. Card and McClain will be entitled to receive severance benefits under the terms of their existing executive employment agreements and arrangements as previously disclosed in the Company's definitive proxy statement.

(c) On April 15, 2014, the Board of Directors of the Company appointed Christopher R. Cade, 47, the Company's Executive Vice President, Chief Accounting Officer and Controller, as acting Chief Financial Officer.

(d) On April 15, 2014, the Board of Directors of the Company elected John T. McClain to serve as a member of the Board of Directors of the Company.

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