UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 6, 2006
THE WET SEAL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-18632 33-0415940
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
26972 Burbank
Foothill Ranch, California 92610
(Address of Principal Executive Offices) Zip Code)
Registrant's telephone number, including area code: (949) 699-3900
N/A
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(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 (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 14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On March 6, 2006, The Wet Seal, Inc. (the "Company") issued a press release
announcing the appointment of Michael Zimmerman and Jonathan Duskin as new
members of the Company's Board of Directors (the "Board"), effective as of March
6, 2006. They are joining current Board members Sidney Horn, Harold Kahn,
Kenneth Reiss, Alan Siegel, Joel Waller, CEO, and Henry Winterstern, Chairman of
the Board. At this time, neither Mr. Zimmerman nor Mr. Duskin has been appointed
to any committees of the Board.
Mr. Zimmerman is the controlling principal and Mr. Duskin is a Managing
Director of Prentice Capital Management, LP, an investment manager based in New
York, New York. Prentice Capital manages an investment in the capital stock of
the Company which was acquired by its affiliates as well as accounts that it
manages in a series of financing transactions which closed in 2005. The
financing transactions were disclosed in the Company's Annual Report on Form
10-K, as amended, filed on April 29, 2005 and the Company's Proxy Statement on
Schedule 14A, filed on June 17, 2005. There was no prior arrangement to appoint
Messrs. Zimmerman and Duskin to the Board.
A copy of the Company's press release appears as Exhibit 99.1 to this
Current Report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
99.1 Press release, dated March 6, 2006, issued by the Company
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.
THE WET SEAL, INC.
(Registrant)
Date: March 6, 2006 By: /s/ John Luttrell
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Name: John Luttrell
Title: EVP and CFO
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release, dated March 6, 2006, issued by the Company.