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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): May 21, 2025

 

Foot Locker, Inc.

(Exact name of registrant as specified in charter)

 

New York 1-10299 13-3513936
(State or other jurisdiction
of incorporation)

(Commission

File Number)

(IRS Employer
Identification No.)

 

330 West 34th Street, New York, New York

(Address of principal executive offices)

10001

(Zip Code)

   

Registrant’s telephone number, including area code: (212) 720-3700

 

N/A

(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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

 

Trading Symbol(s)

 

 

Name of each exchange on

which registered 

Common Stock, par value $0.01 per share   FL   New York Stock Exchange

 

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

 

Foot Locker, Inc. (the “Company”) held its 2025 annual meeting of shareholders (the “Annual Meeting”) on May 21, 2025. At the Annual Meeting, shareholders approved an amendment to the 2007 Stock Incentive Plan (amended and restated as of March 22, 2023 and as further amended effective as of May 21, 2025) (the “Plan”). A summary of the terms and conditions of the Plan can be found in “Proposal No. 3—Approval of an Amendment to the 2007 Stock Incentive Plan, as Amended and Restated” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 10, 2025 (the “2025 Proxy Statement”), which description is incorporated by reference herein. The foregoing description and the description incorporated by reference from the 2025 Proxy Statement are qualified in their entirety by reference to the full text of the Plan, a copy of which is filed as Exhibit 10.1 to the Form S-8 Registration Statement filed on May 21, 2025, and is incorporated herein by reference.

 

Item 5.07.        Submission of Matters to a Vote of Security Holders.

 

The final voting results for the matters submitted to a vote of the Company’s shareholders at the Annual Meeting are as follows:

 

Proposal 1: Election of Directors. Each of the persons named below was elected at the Annual Meeting to serve for a one-year term expiring at the Company’s next annual meeting of shareholders and until his or her successor is duly elected and qualified, based upon the votes set forth in the table below:

 

Name  Votes For   Votes Against   Abstentions   Broker Non-Votes 
Mary N. Dillon  67,464,403   868,236   10,313,347   5,787,605 
Virginia C. Drosos  67,802,309   521,088   10,322,589   5,787,605 
Darlene Nicosia  67,267,348   1,055,308   10,323,330   5,787,605 
Ulice Payne, Jr.  67,701,743   618,116   10,326,127   5,787,605 
Sonia Syngal  67,127,567   885,938   10,632,481   5,787,605 
Kimberly K. Underhill  66,664,457   1,654,894   10,326,635   5,787,605 
John Venhuizen  67,634,267   376,479   10,635,240   5,787,605 
Tristan Walker  67,819,194   499,413   10,327,379   5,787,605 
Dona D. Young  65,886,347   2,436,262   10,323,377   5,787,605 

 

Proposal 2: Advisory Vote to Approve Executive Compensation. The Company’s shareholders approved a nonbinding, advisory resolution approving the compensation of the Company’s named executive officers, based upon the votes set forth in the table below:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 64,581,774    3,713,410    10,350,802    5,787,605 

 

Proposal 3: Vote to Approve an Amendment to the 2007 Stock Incentive Plan, as Amended and Restated. The Company’s shareholders approved the Plan, based upon the votes set forth in the table below:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 73,961,370    4,392,263    292,353    5,787,605 

 

Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm. The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year 2025, based upon the votes set forth in the table below:

 

Votes For   Votes Against   Abstentions 
 82,376,884    1,767,358    289,349 

 

Proposal 5: Vote to Approve a Shareholder Proposal Regarding Greenhouse Gas Emissions. The Company’s shareholders did not approve the shareholder proposal requesting that the Company adopt a goal for reducing its enterprise-wide greenhouse gas emissions in line with the Paris Agreement, based upon the votes set forth in the table below:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 4,459,708    73,442,938    743,340    5,787,605 

 

 

 

 

Item 9.01.        Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Foot Locker 2007 Stock Incentive Plan (Amended and restated as of March 22, 2023, and as further amended effective as of May 21, 2025) (incorporated herein by reference to Exhibit 10.1 to the Form S-8 filed on May 21, 2025).
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

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.

 

  FOOT LOCKER, INC.
   
Date: May 23, 2025 By: /s/ Jennifer L. Kraft
    Name: Jennifer L. Kraft
    Title: Executive Vice President and General Counsel