Current Report on Form 8-K

 

 

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 11, 2011

 

 

NORDSTROM, INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

 

 

WASHINGTON   001-15059   91-0515058
(STATE OR OTHER JURISDICTION OF INCORPORATION)   (COMMISSION
FILE NUMBER)
  (I.R.S. EMPLOYER
IDENTIFICATION NO.)

 

   1617 SIXTH AVENUE, SEATTLE, WASHINGTON    98101
   (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)    (ZIP CODE)

REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE (206) 628-2111

INAPPLICABLE

(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))

 

 

 


ITEM 2.02 Results of Operations and Financial Condition

On May 12, 2011, Nordstrom, Inc. issued an earnings release announcing its results of operations for the quarter ended April 30, 2011, its financial position as of April 30, 2011, and its cash flows for the quarter ended April 30, 2011. A copy of this earnings release is attached as Exhibit 99.1.

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

(d) On May 12, 2011, Nordstrom, Inc. issued a press release announcing the reelection of all existing members of the Board of Directors and the addition of Michelle M. Ebanks, President of Essence Communications, Inc. as a new director on the Board. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

ITEM 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Shareholders of Nordstrom, Inc. (the “Company”) held on May 11, 2011, the shareholders voted on the election of each of the company’s twelve nominees for directors for the term of one year, the approval of the amendment to the Nordstrom, Inc. Employee Stock Purchase Plan, the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm, an advisory resolution on executive compensation, and an advisory vote on the frequency of future advisory votes on executive compensation.

The results of the voting were as follows:

 

     For      Against      Abstentions      Broker
Non-Votes
 

Election of Directors

           

Phyllis J. Campbell

     166,760,174         203,416         241,985         18,054,294   

Michelle M. Ebanks

     166,566,170         344,893         294,512         18,054,294   

Enrique Hernandez, Jr.

     160,143,854         6,868,552         193,169         18,054,294   

Robert G. Miller

     166,728,318         185,351         291,906         18,054,294   

Blake W. Nordstrom

     166,750,554         217,359         237,662         18,054,294   

Erik B. Nordstrom

     166,748,603         218,481         238,491         18,054,294   

Peter E. Nordstrom

     166,755,876         208,931         240,768         18,054,294   

Philip G. Satre

     162,266,586         4,591,360         347,629         18,054,294   

Felicia D. Thornton

     166,691,584         197,098         316,893         18,054,294   

B. Kevin Turner

     166,730,927         210,454         264,194         18,054,294   

Robert D. Walter

     163,286,609         3,535,614         383,352         18,054,294   

Alison A. Winter

     166,730,309         224,051         251,215         18,054,294   

Approval of the Amendment to the Nordstrom, Inc. Employee Stock Purchase Plan

     165,935,957         912,033         357,585         18,054,294   

Ratification of the Appointment of Independent Registered Public Accounting Firm

     182,991,469         1,924,089         344,311         n/a   

Approval of Advisory Resolution on Executive Compensation

     162,475,553         4,270,888         459,134         18,054,294   

 

     One
Year
     Two
Years
   Three
Years
     Abstentions      Broker
Non-Votes
 

Approval of Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation

     155,594,232       1,090,108      10,264,368         256,867         18,054,294   

Based on the Board of Directors’ recommendation in the Proxy Statement and the voting results with respect to the advisory vote on the frequency of future advisory votes on executive compensation, the Company has adopted a policy to hold an advisory vote on executive compensation annually.

ITEM 7.01 Regulation FD Disclosure

On May 12, 2011, Nordstrom, Inc. issued an earnings release announcing its results of operations for the quarter ended April 30, 2011, its financial position as of April 30, 2011, and its cash flows for the quarter ended April 30, 2011. A copy of this earnings release is attached as Exhibit 99.1.

ITEM 8.01 Other Events

On May 12, 2011, Nordstrom, Inc. issued a press release announcing that its Board of Directors has authorized a $750 million share repurchase program. Nordstrom, Inc. also announced that its Board of Directors has approved a quarterly dividend. A copy of the press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits

 

99.1    Nordstrom earnings release dated May 12, 2011 relating to the Company’s results of operations for the quarter ended April 30, 2011, its financial position as of April 30, 2011, and its cash flows for the quarter ended April 30, 2011.
99.2    Press release dated May 12, 2011 announcing the reelection of the Company’s existing directors and the appointment of Michelle M. Ebanks to the Company’s Board of Directors.
99.3    Press release of Nordstrom, Inc., dated May 12, 2011.


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.

 

NORDSTROM, INC.
By:  

/s/ Robert B. Sari

  Robert B. Sari
 

Executive Vice President,

General Counsel and Corporate Secretary

Dated: May 12, 2011


EXHIBIT INDEX

 

EXHIBIT
NUMBER
   DESCRIPTION
99.1    Nordstrom earnings release dated May 12, 2011 relating to the Company’s results of operations for the quarter ended April 30, 2011, its financial position as of April 30, 2011, and its cash flows for the quarter ended April 30, 2011.
99.2   

Press release dated May 12, 2011 announcing the reelection of the Company’s existing directors and the appointment of Michelle M. Ebanks to the Company’s Board of Directors.

99.3    Press release of Nordstrom, Inc., dated May 12, 2011.