Nordstrom INC
Market Movers (8-K)
Nordstrom, Inc. is now a private company after its acquisition by the Nordstrom family and El Puerto de Liverpool for $24.25 per share, plus cash dividends.
Capital raise
Nordstrom, Inc. shareholders voted to approve the merger agreement with Nordstrom Holdings, Inc. at a special meeting held on May 16, 2025.
Nordstrom's shareholders have approved the merger agreement with Norse Holdings, paving the way for the company to become a wholly-owned subsidiary of Parent, with a special dividend declared contingent on the merger's completion.
Nordstrom is facing legal challenges from shareholders regarding its proposed merger with Norse Holdings, including class action complaints alleging breaches of fiduciary duty and violations of the Washington Moratorium Statute.
Nordstrom files an 8-K report addressing a shareholder lawsuit and providing supplemental disclosures related to its proposed merger with Norse Holdings, Inc.
Nordstrom sets May 19, 2025, as the record date for potential special and stub period dividends, contingent on the closing of the merger with Norse Holdings, Inc.
Quarterly Earnings (10-Q)
10-Q: Nordstrom Reports Mixed Q3 Results Amidst Strategic Shifts and Potential Going Private Transaction
Nordstrom's third-quarter results show a 4.6% increase in net sales, driven by growth in both Nordstrom and Nordstrom Rack, while also navigating a potential going-private transaction and strategic operational changes.
Worse than expected
Nordstrom's second-quarter results show a slight increase in sales and earnings, but also include a supply chain impairment charge and ongoing strategic considerations.
Worse than expected
Capital raise
Nordstrom's first quarter saw a net loss of $39 million despite a 5.1% increase in net sales, driven by strong Rack performance and offset by higher loyalty costs and supply chain issues.
Worse than expected
Annual Reports (10-K)
Nordstrom's 2024 10-K filing highlights a year of strategic shifts, including a proposed merger, alongside financial performance details and risk assessments.
Worse than expected
Nordstrom's 2024 10-K filing reveals a year of strategic adjustments, including the wind-down of Canadian operations, alongside efforts to enhance performance and customer experience.
Worse than expected
Insider Trading (Form 4)
Mari Mowat Wolf reports the transfer of Nordstrom shares to Nordstrom Holdings, Inc. (Parent) following the completion of a merger, leading to the delisting of Nordstrom's common stock from the New York Stock Exchange.
Kimberly Mowat Bentz, a member of a 10% owner group of Nordstrom, reports the transfer of common stock to Nordstrom Holdings, Inc. following the completion of a merger, resulting in the delisting of Nordstrom from the New York Stock Exchange.
Form 4: Nordstrom Executive Molly Nordstrom Reports Changes in Beneficial Ownership Following Merger
Molly Nordstrom, a member of a 10% owner group of Nordstrom Inc., reports changes in beneficial ownership due to the merger with Nordstrom Holdings, Inc., resulting in the delisting of Nordstrom's common stock from the NYSE.
Sara D. Nordstrom, a member of a 10% owner group, reports changes in beneficial ownership of Nordstrom Inc. common stock following the merger with Navy Acquisition Co. Inc.
Samuel C. Nordstrom, a member of a 10% owner group of Nordstrom Inc., reports changes in beneficial ownership of common stock following the merger with Nordstrom Holdings, Inc.
Leigh E. Nordstrom reports the transfer of common stock to Nordstrom Holdings, Inc. following the completion of a merger, leading to the delisting of Nordstrom Inc. from the New York Stock Exchange.
Proxy Statements (Def-14A)
Nordstrom is addressing shareholder lawsuits challenging its merger agreement with Norse Holdings, providing additional information to shareholders regarding the legal proceedings.
Nordstrom is supplementing its definitive proxy statement related to its proposed merger with Norse Holdings, Inc. to address a shareholder lawsuit and shareholder letters alleging material omissions.
Nordstrom shareholders will convene on May 16, 2025, to vote on a proposed merger agreement that would see the company acquired for $24.25 per share by a group including the Nordstrom family and El Puerto de Liverpool.
Capital raise
Nordstrom's top executives have been granted significant retention bonuses as the company moves towards a merger with Norse Holdings, Inc.
Nordstrom, Inc. announces a preliminary agreement to be acquired by its family members and El Puerto de Liverpool, taking the company private.
Nordstrom's Board of Directors has approved an agreement to be acquired by members of the Nordstrom family, along with El Puerto de Liverpool, taking the company private.