Citi Trends announces board changes and cooperation agreement extension

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Go back to Citi Trends announces board changes and cooperation agreement extension

Citi Trends, Inc. Announces Board Transition, Finance Committee Leadership Update, and Extension of Cooperation Agreement with Fund 1

February 20, 2026 6:45 AM EST

SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) (CITITRENDS or the Company), a leading off-price value retailer of apparel, accessories and home trends primarily for Black families in the United States, today announced a series of governance and shareholder-related updates, including a Board transition, Finance Committee leadership change, and the extension of its cooperation agreement with Fund 1 Investments, LLC (Fund 1).

The Company announced that Wes Calvert has departed from the Companys Board of Directors effective February 19, 2026, following his distinguished service on the Board, including his role as Chair of the Finance Committee.... More