SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy
Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy.
CBS News21d
Express failed to disclose nearly $1 million in perks to former CEO, SEC says
2020 and 2021, a period when Tim Baxter was CEO. The Macy's veteran joined Express in June 2019 and departed less than four years later. "Express failed to disclose $979,269 worth of perks and ...
Columbus Dispatch21d
Bankrupt Columbus retailer hit with SEC complaint over hiding CEO perks
According to the SEC, Express failed to disclose $979,269 worth of perks and personal benefits for fiscal years 2019, 2020 and 2021. Timothy Baxter led the company from June 2019 until he resigned ...
Retail Dive21d
SEC charges Express with failing to disclose $1M in perks to former CEO
The SEC said that Express did not report $979,269 worth of perks and personal benefits provided to its CEO for fiscal years 2019, 2020 and 2021, according to a press release. The retailer ...