BUCKLE INC
For the period ended Feb 1, 2025. Filed Apr 2, 2025.
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FY2025 · Filed Apr 2, 2025
BKE$43.53-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 16. Form 10-K Summary
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| THE BUCKLE, INC. | |||
| Date: | April 2, 2025 | By: | /s/ DENNIS H. NELSON |
|---|---|---|---|
| DENNIS H. NELSON, | |||
| President and CEO | |||
| (principal executive officer) | |||
| Date: | April 2, 2025 | By: | /s/ THOMAS B. HEACOCK |
| THOMAS B. HEACOCK, | |||
| Senior Vice President of Finance, Treasurer, | |||
| and CFO (principal accounting officer) | |||
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities indicated on the 2nd day of April, 2025.
| /s/ DANIEL J. HIRSCHFELD | /s/ MICHAEL E. HUSS |
|---|---|
| Daniel J. Hirschfeld | Michael E. Huss |
| Chairman of the Board and Director | Director |
| /s/ DENNIS H. NELSON | /s/ SHRUTI S. JOSHI |
| Dennis H. Nelson | Shruti S. Joshi |
| President and Chief Executive Officer | Director |
| and Director | |
| /s/ THOMAS B. HEACOCK | /s/ ANGIE J. KLEIN |
| Thomas B. Heacock | Angie J. Klein |
| Sr. Vice President of Finance, Treasurer, | Director |
| Chief Financial Officer, and Director | |
| /s/ KARI G. SMITH | /s/ JOHN P. PEETZ, III |
| Kari G. Smith | John P. Peetz, III |
| Executive Vice President of Stores | Director |
| and Director | |
| /s/ HANK M. BOUNDS | /s/ KAREN B. RHOADS |
| Hank M. Bounds | Karen B. Rhoads |
| Director | Director |
| /s/ BILL L. FAIRFIELD | /s/ JAMES E. SHADA |
| Bill L. Fairfield | James E. Shada |
| Director | Director |
| /s/ BRUCE L. HOBERMAN | |
| Bruce L. Hoberman | |
| Director | |
SCHEDULE II - Valuation and Qualifying Accounts
(Amounts in Thousands)
| Allowance for Doubtful Accounts | Reserve for Sales Returns | |
|---|---|---|
| Balance, January 29, 2022 | $4 | $3,013 |
| Amounts charged to costs and expenses | 557 | — |
| Amounts charged to other accounts | — | 88,357 |
| Deductions | (557) | (88,391) |
| Balance, January 28, 2023 | $4 | $2,979 |
| Amounts charged to costs and expenses | 316 | — |
| Amounts charged to other accounts | — | 85,207 |
| Deductions | (316) | (85,635) |
| Balance, February 3, 2024 | $4 | $2,551 |
| Amounts charged to costs and expenses | 299 | — |
| Amounts charged to other accounts | — | 81,037 |
| Deductions | (299) | (81,001) |
| Balance, February 01, 2025 | $4 | $2,587 |
INDEX TO EXHIBITS
| Exhibits · Page Number or Incorporation by Reference to | |||
|---|---|---|---|
| (3) · Articles of Incorporation and By-Laws. | |||
| (3.1) | Articles of Incorporation of The Buckle, Inc. as amended | Exhibit 3.1 to Form 10-Q filed for the fiscal quarter ended July 29, 2017 | |
| (3.2) | Amended and Restated By-Laws of The Buckle, Inc. | Exhibit 3.2 to Form 8-K filed for the report period December 3, 2021 | |
| (4) | Instruments defining the rights of security holders, including indentures | ||
| (4.1) | See Exhibits 3.1 and 3.2 for provisions of the Articles of Incorporation and Amended and Restated By-laws of the Registrant defining rights of holders of Common Stock of the registrant | ||
| (4.2) | Form of stock certificate for Common Stock | Exhibit 4.1 to Form S-1 No. 33-46294 | |
| (10) | Material Contracts | ||
| (10.1) | Amended and Restated Non-Qualified Deferred Compensation Plan (*) | Exhibit 10.2 to Form 10-Q filed for the fiscal quarter ended July 29, 2023 | |
| (10.2) | Revolving Line of Credit Note and First Amendment to Credit Agreement, dated June 8, 2012 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.1 to Form 10-Q filed for the fiscal quarter ended July 28, 2012 | |
| (10.2.1) | Revolving Line of Credit Note and Second Amendment to Credit Agreement, dated February 16, 2015 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.2.1 to Form 10-K filed for the fiscal year ended January 31, 2015 | |
| (10.2.2) | Revolving Line of Credit Note and Third Amendment to Credit Agreement, dated June 30, 2017 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.1 to Form 10-Q filed for the fiscal quarter ended July 29, 2017 | |
| (10.2.3) | Revolving Line of Credit Note and Fourth Amendment to Credit Agreement, dated July 26, 2019 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.1 to Form 10-Q filed for the fiscal quarter ended August 3, 2019 | |
| (10.2.4) | Revolving Line of Credit Note and Fifth Amendment to Credit Agreement, dated July 16, 2021 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.1 to Form 10-Q filed for the fiscal quarter ended July 31, 2021 | |
| (10.2.5) | Revolving Line of Credit Note and Sixth Amendment to Credit Agreement, dated July 31, 2023 between The Buckle, Inc. and Buckle Brands, Inc. and Wells Fargo Bank, N.A. for a $25.0 million line of credit | Exhibit 10.1 to Form 10-Q filed for the fiscal quarter ended July 29, 2023 | |
| (10.3) | 1993 Director Stock Option Plan Amended and Restated (*) | Exhibit B to Proxy Statement for Annual Meeting held June 2, 2006 | |
| (10.4) | 1997 Executive Stock Option Plan (*) | Exhibit B to Proxy Statement for Annual Meeting held May 28, 1998 | |
| (10.5) | 1998 Restricted Stock Plan (*) | Exhibit C to Proxy Statement for Annual Meeting held May 28, 1998 | |
| (10.6) | 2005 Restricted Stock Plan Amended and Restated (*) | Exhibit B to Proxy Statement for Annual Meeting held May 31, 2013 | |
| (10.7) | 2008 Director Restricted Stock Plan (*) | Exhibit B to Proxy Statement For Annual Meeting held May 28, 2008 | |
| Exhibits · Page Number or Incorporation by Reference to | |||
|---|---|---|---|
| (10.8) | 2023 Employee Restricted Stock Plan (*) | Exhibit A to Proxy Statement for Annual Meeting held June 5, 2023 | |
| (10.9) | 2024 Director Restricted Stock Plan (*) | Appendix A to Proxy Statement for Annual Meeting held June 3, 2024 | |
| (10.10) | 2023 Management Incentive Plan (*) | Exhibit 10.1 to Form 8-K filed for the report period January 26, 2023 | |
| (10.11) | 2024 Management Incentive Plan (*) | Exhibit 10.1 to Form 8-K filed for the report period February 1, 2024 | |
| (10.11.1) | First Amendment to 2024 Management Incentive Plan (*) | Exhibit 10.2 to Form 8-K filed for the report period January 30, 2025 | |
| (10.12) | 2025 Management Incentive Plan (*) | Exhibit 10.1 to Form 8-K filed for the report period January 30, 2025 | |
| (10.13) | Summary of Named Executive Officer Compensation (*) | Incorporated by reference from the section titled "Executive Compensation and Other Information" in Proxy Statement for the 2025 Annual Meeting of Stockholders | |
| (10.14) | Summary of Non-Employee Director Compensation (*) | Incorporated by reference from the section titled "Director Compensation" in Proxy Statement for the 2025 Annual Meeting of Stockholders | |
| (10.15) | Form of Director Indemnification Agreement | Exhibit 10.12 to Form 10-K filed for the fiscal year ended January 29, 2022 | |
| (19) | Insider Trading Policies and Procedures | ||
| (21) | List of Subsidiaries | ||
| (23) | Consent of Deloitte & Touche LLP | ||
| (31a) | Certification Pursuant to Rule 13a-14(a) or 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||
| (31b) | Certification Pursuant to Rule 13a-14(a) or 15d-14(a) Under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | ||
| (32) | Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | ||
| Exhibits | Page Number or Incorporation by Reference to | |
| (101) | Includes the following materials from The Buckle, Inc.’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Income; (iii) Consolidated Statements of Stockholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (v) Notes to Consolidated Financial Statements, tagged as blocks of text and in detail. | |
| (104) | Cover page formatted as Inline XBRL and contained in Exhibit 101 | |
| (*) | Denotes management contract or compensatory plan or arrangement. |
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