MIK - The Michaels Companies, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

The Michaels Companies, Inc.

8000 Bent Branch Drive
Irving, TX 75063
United States
972-409-1300
http://www.michaels.com

SectorConsumer Cyclical
IndustrySpecialty Retail
Full Time Employees12,000

Key Executives

NameTitlePayExercisedYear Born
Ms. Denise A. PaulonisExec. VP & CFO763.92kN/A1972
Mr. Stephen Jon CarlottiExec. VP of Marketing794.86kN/A1967
Mr. John Robert KochExec. VP of Stores & Devel.590.14kN/A1965
Mr. Mark S. CosbyInterim CEO & DirectorN/AN/A1959
Mr. James Edward SullivanSr. VP, Chief Accounting Officer & ControllerN/AN/A1964
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart, Loops & Threads, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures custom and specialty framing merchandise; distributes craft and hobby items products under the Darice brand; and sells its products through an e-commerce platform. As of March 19, 2019, the company operated approximately 1,200 Michaels stores in 49 states and Canada. It also serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com Websites. The Michaels Companies, Inc. was founded in 2013 and is headquartered in Irving, Texas.

Corporate Governance

The Michaels Companies, Inc.’s ISS Governance QualityScore as of July 29, 2019 is 5. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 6; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.