This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Body Central Names Brian P. Woolf As Chief Executive Officer And Member Of Its Board Of Directors

Stocks in this article: BODY

JACKSONVILLE, Fla., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Body Central Corp. (Nasdaq:BODY), a leading specialty retailer offering on-trend, quality apparel and accessories at value prices, announced today that Brian P. Woolf has been hired as Chief Executive Officer and appointed to its Board of Directors. Both moves became effective on February 5, 2013.

Mr. Woolf commented, "I am thrilled to be joining Body Central and look forward to working with the entire team as we continue to develop our brand and strategy. I am excited about the opportunity to grow the company, strengthen our junior business and increase shareholder value."

Mr. Woolf brings more than 40 years of specialty retailing and department store experience to the company. Most recently, he was Group President for Lane Bryant, Lane Bryant Outlet Stores and Cacique. In this role, he led all aspects of the business including merchandising, sourcing, design and store operations. Mr. Woolf previously spent eight years at the helm of Cache as CEO.  He has also served as EVP, Merchandising for The Limited and spent over 20 years at Macy's/Federated Department Stores at the start of his career.

Tom Stoltz, interim Chief Executive Officer, will continue in his role as Chief Operating Officer and Chief Financial Officer. 

"I welcome Brian to the Body Central team and look forward to working with him," Mr. Stoltz said. "He brings a strong track record, deep industry knowledge and leadership skills to the company and will undoubtedly play a key role in our continued growth and future success."

The Board of Directors would like to thank Tom Stoltz for his service as interim CEO since August and looks forward to working with Mr. Woolf, Mr. Stoltz and the entire Body Central team.

Inducement Equity Awards

In connection with Mr. Woolf's commencement of employment with Body Central, effective today, Mr. Woolf was granted (i) an option to purchase 300,000 shares of common stock and (ii) 150,000 shares of restricted stock. The option will have an exercise price equal to today's closing price of Body Central's common stock, and will vest and become exercisable over a four-year period at the rate of 25 percent on February 5, 2014 and in 12 equal quarterly installments thereafter. The option will have a ten year term and be subject to the terms and conditions of the stock option agreement pursuant to which the option will be granted. The shares of restricted stock will vest in four equal annual installments beginning on February 5, 2014 and will be subject to the restricted stock agreement pursuant to which the shares of restricted stock will be granted.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,974.31 -31.44 -0.18%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,549.2260 -15.0680 -0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs