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 3, 2010

01-34219

(Commission File Number)

 

 

CASUAL MALE RETAIL GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		04-2623104
(State of Incorporation)		(IRS Employer Identification Number)

555 Turnpike Street, Canton, Massachusetts 02021

(Address of registrant’s principal executive office)

(781) 828-9300

(Registrant’s telephone number)

 

 

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 (see General Instruction A.2. below):

 

¨	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))

 

 

 

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Item 5.02

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

Election of New Director

The Board of Directors of Casual Male Retail Group, Inc (the “Company”) elected John E. Kyees as a director of the Company on May 3, 2010. Mr. Kyees will also serve on the Company’s Audit Committee, replacing George T. Porter, Jr.

Mr. Kyees recently retired from his position as Chief Financial Officer for Urban Outfitters, Inc. and is currently the Chief of Investor Relations for the company.

Mr. Kyees will serve as a director until the Company’s next annual meeting of stockholders which is expected to be held on August 5, 2010. As part of Mr. Kyees’ initial election as a director, Mr. Kyees received an option to purchase 15,000 shares of the Company’s common stock at an exercise price equal to the closing price of the Company’s common stock on May 3, 2010. The option vests ratably over two years, with the first one-third vesting on the date of grant.

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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.

 

Date: May 4, 2010

Exhibit 99.1

CASUAL MALE RETAIL GROUP, INC.

ANNOUNCES THE APPOINTMENT OF JOHN KYEES TO ITS

BOARD OF DIRECTORS

CANTON, MA, (May 4, 2010) — Casual Male Retail Group, Inc. (NASDAQ: “CMRG”), the largest retailer of big & tall men’s apparel and accessories, today announced the addition of a new member to its Board of Directors. John Kyees, recently retired Chief Financial Officer and current Chief of Investor Relations of Urban Outfitters, Inc., will join the board effective immediately. In addition, Mr. Kyees will become a member of the Board’s Audit Committee, replacing George Porter.

Mr. Kyees has over thirty years of experience in the retail industry and has been the Chief Financial Officer at several prominent retailers, including Urban Outfitters, bebe Stores and Express. As such, Mr. Kyees has extensive experience working with Wall Street and was named one of the top specialty apparel CFO by Institutional Investor magazine for the past consecutive five years.

“We are very pleased with the addition of John to our Board and look forward to gaining the value of his varied experience operating first class retailers,” said Seymour Holtzman, Chairman of Casual Male. “John’s wealth of retail knowledge will be invaluable to our Board and instrumental in the further development of our business through the launch of our Destination XL stores.”

Casual Male Retail Group, Inc., the largest retailer of big and tall men’s apparel with operations throughout the United States, Canada and Europe, operates 460 Casual Male XL retail and outlet stores, 19 Rochester Clothing stores, and direct-to-consumer businesses which include several catalogs and e-commerce sites. The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the NASDAQ Global Market under the symbol “CMRG.”

For additional information, contact:

Jeff Unger

Vice President of Investor Relations

Casual Male Retail Group, Inc.

561-482-9715

jeffunger@usa.net

John Rouleau

ICR

203-682-8342

John.Rouleau@icrinc.com