STOCK TITAN

Dillard’s to move DDS, DDT listings to TXSE

Dillard’s will shift the primary listings of DDS and DDT from the NYSE to the Texas Stock Exchange in early October 2026, with no action required from holders.

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Dillard’s, Inc. (DDS) plans to transfer the primary listings of its Class A common stock and its 7.50% Capital Securities of Dillard’s Capital Trust I from the New York Stock Exchange to the Texas Stock Exchange LLC (TXSE).

Trading on the NYSE as primary listings is expected to end at the market close on October 2, 2026, with TXSE primary trading to begin at the market open on October 5, 2026, under the same tickers DDS and DDT. The company states that no action is required by DDS shareholders or DDT securityholders in connection with the transfer. Management describes the move as aligning Dillard’s Texas heritage and large Texas retail base with TXSE’s platform; Texas is the company’s largest market, with 54 locations, and Dillard’s reincorporated from Delaware to Texas in August 2025.

Positive

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Negative

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Filing Explained

TXSE approval is in place, but the listing transfer remains pending and expressly carries implementation and market-disruption risks.

Dillard’s has notified the NYSE of its intention to transfer the primary listings of its Class A common stock and trust securities to TXSE. TXSE has approved the listings, but the transfer remains pending: NYSE primary trading is expected to end on October 2, 2026, with TXSE trading expected to begin on October 5, 2026; the structural change is the securities’ primary trading venue.

The attached release treats implementation as forward-looking and identifies possible delays and market disruptions as risks to the transfer. The next stated milestone is whether the planned TXSE start occurs at the scheduled market open.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
NYSE primary listing end date October 2, 2026 Expected date DDS and DDT cease trading on NYSE as primary listings
TXSE primary listing start date October 5, 2026 Expected date DDS and DDT begin trading on TXSE as primary listings
Capital Securities coupon rate 7.50% Rate on Capital Securities of Dillard’s Capital Trust I (DDT)
Texas store count 54 locations Number of Dillard’s locations in Texas, its largest market
Total stores 272 stores Total Dillard’s stores operated across 30 states
Clearance centers 28 clearance centers Portion of Dillard’s 272 stores that are clearance centers
States of operation 30 states Geographic footprint of Dillard’s retail operations
Texas Stock Exchange market
"transfer the primary listings of its securities from the New York Stock Exchange to the Texas Stock Exchange"
primary listings market
"voluntarily transfer the primary listings of its securities from the New York Stock Exchange"
Capital Securities financial
"the 7.50% Capital Securities of Dillard’s Capital Trust I"
forward-looking statements regulatory
"Certain matters contained in this press release concerning the listing transfers of DDS and DDT constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"see Item 1A entitled “Risk Factors” in the Company’s Annual Report on Form 10-K"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock exchange change did Dillard’s, Inc. (DDS) announce?

Dillard’s announced it will voluntarily transfer the primary listings of its Class A Common Stock (DDS) and 7.50% Capital Securities (DDT) from the New York Stock Exchange to the Texas Stock Exchange (TXSE). Both securities will retain their existing ticker symbols.

When will DDS and DDT stop trading on the NYSE and start on TXSE?

Both DDS and DDT are expected to cease trading on the NYSE as primary listings at the market close on October 2, 2026 and commence trading on TXSE as primary listings at the market open on October 5, 2026.

Do Dillard’s (DDS) shareholders need to do anything for the TXSE transfer?

No. The company states that no action is required by DDS shareholders or DDT securityholders in connection with the transfer of the primary listings from the NYSE to the TXSE.

Which Dillard’s securities are affected by the exchange transfer?

The transfer applies to Dillard’s Class A Common Stock (ticker: DDS) and the 7.50% Capital Securities of Dillard’s Capital Trust I (and the related guarantee) (ticker: DDT), which will move their primary listings to the TXSE.

How significant is Texas to Dillard’s (DDS) operations?

Texas is described as the company’s largest market, with 54 locations. Dillard’s also notes it reincorporated from Delaware to Texas in August 2025, highlighting its Texas heritage and presence.

How large is Dillard’s (DDS) overall retail footprint?

Dillard’s reports it operates 272 stores, including 28 clearance centers, across 30 states, plus an Internet store at dillards.com. The company positions itself among the nation’s largest fashion retailers.

What risks does Dillard’s cite regarding the exchange transfer for DDS and DDT?

Dillard’s characterizes some statements as forward-looking and notes potential risks including delays in implementing the transfers, market disruptions in trading of the securities, and potential impacts on its business or operations as it implements the transfers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): September 17, 2026

 

  Dillard’s, Inc.  
  (Exact name of registrant as specified in its charter)  
     
  Texas  
  (State or other jurisdiction of incorporation)  
     
1-6140   71-0388071
(Commission File Number)   (IRS Employer
Identification No.)
     
1600 Cantrell Road
Little Rock, Arkansas
  72201
(Address of principal executive offices)   (Zip Code)
     
  (501) 376-5200  
  (Registrant’s telephone number, including area code)  
     
  Not Applicable  
  (Former name or former address, if changed since last report.)  
         

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock   DDS   New York Stock Exchange
7.50% Capital Securities of Dillard’s Capital Trust I (and the Guarantee of Dillard’s, Inc. with respect thereto)   DDT   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

 

On September 17, 2026, Dillard’s, Inc. (the “Company”), acting pursuant to authorization from its Board of Directors (the “Board”), notified the New York Stock Exchange (“NYSE”) of its intention to voluntarily withdraw the primary listings of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”), and the 7.50% Capital Securities of Dillard’s Capital Trust I (and the Guarantee of the Company with respect thereto) (together, the “Trust Securities”) from the NYSE and transfer the primary listings to the Texas Stock Exchange LLC (the “TXSE”). The Company expects that trading of the Common Stock and the Trust Securities on the NYSE as primary listings will end at market close on October 2, 2026, and that trading on the TXSE as primary listings will begin at market open on October 5, 2026.

 

The Common Stock and the Trust Securities have been approved for listing on the TXSE, where they will continue to trade under the stock symbols “DDS” and “DDT”, respectively.

 

Item 7.01Regulation FD Disclosure

 

The Company issued the news release attached hereto as Exhibit 99.1 in connection with the transfer of the primary listings of the Common Stock and the Trust Securities to the TXSE.

 

The information contained in Item 7.01 of this Report and in Exhibit 99.1 to the Report shall not be deemed “filed” with the Commission for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Item 9.01Financial Statements and Exhibits

 

Exhibit No.   Description
     
99.1   Press Release dated September 18, 2026.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        DILLARD’S, INC.
         
Date: September 18, 2026   By: /s/ Phillip R. Watts
      Name: Phillip R. Watts
      Title: Senior Vice President, Co-Principal Financial Officer and Principal Accounting Officer
         
      By: /s/ Chris B. Johnson
      Name: Chris B. Johnson
      Title: Senior Vice President and Co-Principal Financial Officer

 

 

 

 

Exhibit 99.1

 

Dillard’s, Inc. to Transfer U.S. Stock Exchange Listings to the Texas Stock Exchange (TXSE)

 

LITTLE ROCK, AR — September 18, 2026 — Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”), a Texas corporation headquartered in Little Rock, Arkansas, today announced that it will voluntarily transfer the primary listings of its securities from the New York Stock Exchange (“NYSE”) to the Texas Stock Exchange (“TXSE”).

 

The transfer applies to both Dillard’s Class A Common Stock (ticker: DDS) and the 7.50% Capital Securities of Dillard’s Capital Trust I (and the Guarantee of the Company with respect thereto) (ticker: DDT). Both securities are expected to cease trading on the NYSE as primary listings at the market close on Friday, October 2, 2026, and commence trading on the TXSE as primary listings at the market open on Monday, October 5, 2026, retaining their existing ticker symbols. No action is required by DDS shareholders or DDT securityholders in connection with the transfer.

 

The move aligns Dillard’s deep roots and strong retail presence in Texas with TXSE’s technology-driven platform. Dillard’s Texas heritage dates back to 1956, when founder William T. Dillard acquired a store in downtown Tyler. The Lone Star State has since grown into the Company's largest market, now home to 54 locations. Dillard’s reincorporated from Delaware to Texas in August 2025.

 

About Dillard’s

 

Dillard's was founded by William T. Dillard in 1938 in Nashville, Arkansas with an $8,000 investment in a hometown department store. Today, Dillard's, Inc. ranks among the nation's largest fashion retailers – operating 272 Dillard's stores, including 28 clearance centers, spanning 30 states and an Internet store at dillards.com. The Company focuses on delivering style, quality and value to its customers by offering premium fashion apparel, beauty and home collections from both national and exclusive brand sources. Dillard's complements this curated merchandise assortment with exceptional, client-focused customer care.

 

Forward-Looking Statements

 

Certain matters contained in this press release concerning the listing transfers of DDS and DDT constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon management's expectations and beliefs concerning future events impacting the Company. Many factors outside the Company’s control, including risks related to delays in the timing for implementing the transfers, potential market disruptions with respect to the trading of the securities and potential impacts on the Company’s business or operations as it implements the transfers, could cause actual results to differ materially from those contemplated by forward-looking statements. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update them. For a description of other factors that could cause the Company's future results to differ from those expressed in any such forward-looking statements, see Item 1A entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended January 31, 2026.

 

CONTACT:
Dillard’s, Inc.
Julie J. Guymon
501-376-5965
julie.guymon@dillards.com

 

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