FORT MYERS, Fla., Nov. 22, 2016 /PRNewswire/ -- Chico's FAS, Inc.
(NYSE: CHS) today announced that its Board of Directors declared a
quarterly cash dividend of $0.08 per
share of its common stock, a 3.2% increase over the dividend rate
from December 2015. The dividend is
payable on December 19, 2016 to
Chico's FAS shareholders of record at the close of business on
December 5, 2016.
The Company also announced that its Board of Directors has
amended the Company's bylaws to implement proxy access, effective
November 17, 2016. The amended bylaws
permit a stockholder, or a group of up to 20 stockholders, that has
owned at least 3% of the Company's common stock continuously for at
least three years, to include in the Company's annual meeting proxy
materials director nominees constituting up to 20% of the Company's
Board of Directors, provided that the stockholder(s) and the
nominees(s) satisfy the requirements specified in the amended
bylaws. A copy of the Amended and Restated Bylaws will be attached
as an exhibit to the Chico's FAS third quarter Form 10-Q filed with
the SEC.
ABOUT CHICO'S FAS, INC.
The Company, through its brands – Chico's, White House
Black Market and Soma, is a leading omni-channel specialty retailer
of women's private branded, sophisticated, casual-to-dressy
clothing, intimates, complementary accessories, and other
non-clothing items.
As of October 29, 2016, the Company operated 1,510 stores
in the US and Canada and sold
merchandise through franchise locations in Mexico. The Company's merchandise is also
available at www.chicos.com, www.whbm.com and
www.soma.com. For more detailed information on Chico's FAS, Inc.,
please go to our corporate website at www.chicosfas.com.
Executive Contact:
Jennifer Powers
Vice President – Investor Relations
Chico's FAS, Inc.
(239) 346-4199
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SOURCE Chico's FAS, Inc.