Tilly’s (TLYS) Proxy Filing summary
Event summary combining transcript, slides, and related documents.
Proxy Filing summary
1 Dec, 2025Executive summary
The annual meeting is scheduled for June 11, 2025, at the company headquarters in Irvine, CA.
Stockholders will vote on director elections, an amended equity plan, auditor ratification, and executive compensation.
Proxy materials are primarily distributed electronically, with paper copies available upon request.
The board recommends voting in favor of all proposals.
Voting matters and shareholder proposals
Six directors are nominated for re-election for terms expiring at the 2026 annual meeting.
Proposal to approve the Third Amended and Restated 2012 Equity and Incentive Award Plan, increasing reserved shares by 2,000,000.
Ratification of BDO USA, P.C. as independent auditor for fiscal year ending January 31, 2026.
Advisory vote on executive compensation (say-on-pay) for fiscal 2024.
Board recommends a vote “FOR” all proposals.
Board of directors and corporate governance
Board consists of seven members, majority independent, with regular annual independence reviews.
Three standing committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent members.
Board met 12 times in fiscal 2024; all directors attended at least 75% of meetings.
Controlled company status under NYSE rules, but currently not using governance exemptions.
No formal lead director; board leadership structure reviewed periodically.
Latest events from Tilly’s
- Returned to Q4 profitability with strong comp sales and margin gains, outlook remains robust.TLYS
Q4 202611 Mar 2026 - Net loss widened to $19.6M on 6.3% lower sales as inflation and costs pressured results.TLYS
Q1 20251 Feb 2026 - Q2 net sales up 1.8% and gross margin improved, but comps fell and cost pressures persist.TLYS
Q2 202522 Jan 2026 - Q3 net sales fell 13.8% with a $12.9M loss; Q4 expects further declines and margin gains.TLYS
Q3 202511 Jan 2026 - Q4 net sales dropped 14.9% with a $13.7M loss; cost controls target 2025 stabilization.TLYS
Q4 202526 Dec 2025 - Comparable net sales growth returned, margins improved, and losses narrowed year-over-year.TLYS
Q3 20264 Dec 2025 - Sequential sales trend improvement and strong liquidity support cautious Q2 optimism.TLYS
Q1 202620 Nov 2025 - Net sales fell 7.1% but gross margin rose to 32.5%, with net income of $3.2 million.TLYS
Q2 20265 Sep 2025