Carter’s adopts limited duration stockholder rights agreement

Carter’s (CRI) announced that its Board of Directors has unanimously adopted a limited duration stockholder rights agreement. Pursuant to the Rights Agreement, Carter’s will issue, by means of a dividend, one preferred share purchase right for each outstanding share of Carter’s common stock to stockholders of record on the close of business on October 3, 2025. Initially, these rights will not be exercisable and will trade with, and be represented by, the shares of Carter’s common stock. The Rights Agreement will expire on September 21, 2026, or earlier, as provided in the Rights Agreement.