Vera Bradley Extends Existing Shareholder Rights Plan

Core Points - The Company announced a one-year extension of its shareholder rights plan, moving the expiration date from October 11, 2025, to October 11, 2026 [1][2] - The Board aims to protect shareholders' interests and ensure they can realize the long-term value of their investments [2][3] - The extension is a response to the ongoing risk of control being gained by an entity or group through stock accumulation or other tactics [3] Company Overview - Vera Bradley, Inc. is a leading designer of women's handbags, luggage, and other travel items, as well as fashion and home accessories [5] - The Company operates through two reportable segments: Vera Bradley Direct (VB Direct) and Vera Bradley Indirect (VB Indirect) [6] - VB Direct includes sales through full-line and outlet stores, websites, and annual outlet sales, while VB Indirect consists of sales to specialty retail locations and other channels [6]