CHKE Cherokee Inc. (MM)

Item 5.03  Amendments to Article of Incorporation or Bylaws.

On September 24, 2019, Apex Global Brands Inc. (the “Company”) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of Delaware to effect a one-for-three (1:3) reverse split of the Company’s outstanding common stock, par value $0.02 per share (the “Reverse Stock Split”) with a delayed effective date of September 27, 2019.  The Reverse Stock Split reduces the number of the Company’s outstanding shares of common stock from approximately 16.6 million shares to approximately 5.5 million shares and reduces the number of authorized shares of common stock from 30.0 million shares to 10.0 million shares. No fractional shares of common stock will be issued in connection with the Reverse Stock Split. Instead, the Company will pay cash to any stockholder who would be entitled to fractional shares as a result of the Reverse Stock Split equal to such fraction multiplied by the most recent closing price per share of the common stock as reported on the Nasdaq Capital Market as of the Effective Time, as adjusted to reflect the Reverse Stock Split. The Reverse Stock Split will become effective at 12:01 a.m. Eastern time on September 27, 2019 and the common stock will begin trading on The Nasdaq Capital Market on a split-adjusted basis at market open on September 27, 2019. In connection with the Reverse Stock Split, the CUSIP number for the common stock has been changed to 03755M201 .

A copy of the Certificate of Amendment is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.