Key Insiders File Exit 13D/A Following GUESS INC's Merger and Transition to Private Ownership
summarizeSummary
A group of key insiders and affiliates, including Paul and Maurice Marciano, filed an exit Schedule 13D/A, confirming they no longer beneficially own shares of Guess?, Inc. following the company's merger and transition to private ownership.
check_boxKey Events
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Merger Finalization
The previously announced merger of Guess?, Inc. became effective on January 23, 2026, resulting in the company becoming a wholly owned subsidiary of Glow Holdco 1, Inc.
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Cessation of Beneficial Ownership
As of January 23, 2026, the reporting persons, including Paul Marciano, Maurice Marciano, and Carlos Alberini, no longer beneficially own any shares of Guess?, Inc.
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Delisting and Deregistration
Guess?, Inc. common stock was suspended from trading on the NYSE and will be delisted and deregistered, transitioning the company to private status.
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Formal Exit Filing
This Amendment No. 2 to Schedule 13D serves as an exit filing for the reporting persons, confirming they ceased to own more than 5% of the outstanding shares due to the merger.
auto_awesomeAnalysis
This Schedule 13D/A formally updates the beneficial ownership status of a group of key insiders and affiliates, including Paul Marciano, Maurice Marciano, and Carlos Alberini, following the finalization of Guess?, Inc.'s merger and transition to a private company. The filing confirms that these reporting persons no longer hold any shares in the company. This serves as their exit filing, marking the formal conclusion of their public reporting obligations as the company's common stock has been delisted from the NYSE and deregistered. While the market impact of the company going private was addressed by the concurrent 8-K filing, this document provides the definitive ownership disposition for a significant insider group.
At the time of this filing, GES was trading at $16.90 on NYSE in the Manufacturing sector, with a market capitalization of approximately $876.7M. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.