Abercrombie & Fitch 2008 Annual Report Download - page 21

Table of Contents
discovery and pretrial proceedings. A consolidated amended derivative complaint was filed in the federal
proceeding on July 10, 2006. A&F filed a motion to stay the consolidated federal derivative case and that
motion was granted. The state court action was also stayed. On February 16, 2007, A&F announced that
its Board of Directors had received a report of the Special Litigation Committee established by the Board
to investigate and act with respect to claims asserted in certain previously disclosed derivative lawsuits
brought against current and former directors and management, including Chairman and Chief Executive
Officer Michael S. Jeffries. The Special Litigation Committee concluded that there is no evidence to
support the asserted claims and directed the Company to seek dismissal of the derivative actions. On
September 10, 2007, the Company moved to dismiss the federal derivative cases on the authority of the
Special Litigation Committee report and on October 18, 2007, the state court stayed further proceedings
until resolution of the consolidated federal derivative cases. The Company’s motion was granted on
March 12, 2009.
Management intends to defend the aforesaid matters vigorously, as appropriate. Management is
unable to quantify the potential exposure of the aforesaid matters. However, management’s assessment of
the Company’s current exposure could change in the event of the discovery of additional facts with
respect to legal matters pending against the Company or determinations by judges, juries or other finders
of fact that are not in accordance with management’s evaluation of the claims.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None.
SUPPLEMENTAL ITEM. EXECUTIVE OFFICERS OF THE REGISTRANT.
Set forth below is certain information regarding the executive officers of A&F as of March 20, 2009.
Michael S. Jeffries, 64, has been Chairman of A&F since May 1998. Mr. Jeffries has been Chief
Executive Officer of A&F since February 1992. From February 1992 to May 1998, Mr. Jeffries held the
position of President of A&F. Under the terms of the Employment Agreement, dated as of December 19,
2008, between A&F and Mr. Jeffries, A&F is obligated to cause Mr. Jeffries to be nominated as a director
of A&F during his employment term.
Diane Chang, 53, has been Executive Vice President — Sourcing of A&F since May 2004. Prior
thereto, Ms. Chang held the position of Senior Vice President — Sourcing of A&F from February 2000 to
May 2004 and the position of Vice President — Sourcing of A&F from May 1998 to February 2000.
Leslee K. Herro, 48, has been Executive Vice President — Planning and Allocation of A&F since
May 2004. Prior thereto, Ms. Herro held the position of Senior Vice President — Planning and Allocation
of A&F from February 2000 to May 2004 and the position of Vice President — Planning & Allocation of
A&F from February 1994 to February 2000.
Jonathan E. Ramsden, 44, joined A&F in December 2008 as Executive Vice President and Chief
Financial Officer. From December 1998 to December 2008, Mr. Ramsden had served as the Chief
Financial Officer and member of the Executive Committee of TBWA Worldwide, a large advertising
agency network and a division of Omnicom Group Inc. Prior to becoming Chief Financial Officer of
TWBA Worldwide, he served as Controller and Principal Accounting Officer of Omnicom Group Inc.
from June 1996 to December 1998.
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Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠