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(the &#8220;Company&#8221;) previously directed the amendment and restatement of the Michaels Second Amended and Restated 2014 Omnibus Long-Term Incentive Plan (such amendment and restatement, the &#8220;Proposed Plan&#8221;) to be submitted to the Company&#8217;s stockholders for their approval at the 2020 Annual Meeting of Stockholders of the Company (the &#8220;Annual Meeting&#8221;), which was held on June 10, 2020.</p><p style="font-family:'Times New Roman';font-size:10pt;min-height:10.0pt;margin:0pt 0pt 0pt 4.5pt;">&#160;</p><p style="font-family:'Times New Roman';font-size:10pt;min-height:10.0pt;margin:0pt 0pt 0pt 4.5pt;">As described under Item 5.07 of this Current Report on Form 8-K (this &#8220;Current Report&#8221;), the Company&#8217;s stockholders approved the Proposed Plan at the Annual Meeting. A description of the material terms of the Proposal Plan is set forth under the heading &#8220;Proposal 2 Approval of Amendment and Restatement of Michaels Second Amended and Restated 2014 Omnibus Long-Term Incentive Plan&#8221; in the Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2020, which such description is incorporated herein by reference. The description of the Proposed Plan is qualified in its entirety by reference to the full text of the Proposed Plan, which is attached as Exhibit 10.1 to this Current Report and is incorporated herein by reference.</p><p style="font-family:'Times New Roman';font-size:12pt;min-height:10.0pt;margin:0pt 0pt 0pt 4.5pt;"><span style="font-size:10pt;line-height:1.19;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 4.3pt;">On June 1, 2020, the Company issued a press release relating to the above matters. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 4.3pt;"><span style="margin-left:0pt;visibility:hidden;">&#8203;</span></p><a id="_d3330051_62a9_4a20_a402_ef5d54f3cda8"></a><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 19.79pt 0pt;"><b style="font-weight:bold;">Item&#160;5.07.&#160;&#160;&#160;&#160;&#160;Submission of Matters to a Vote of Security Holders.</b></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 4.5pt;">The Annual Meeting of the Company was held on June 10, 2020. A total of 140,675,085 shares were present or represented by proxy, representing approximately 95.48% of all shares entitled to vote at the Annual Meeting. 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style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:16.3%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span 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style="vertical-align:middle;width:3.26%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:20.65%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr style="height:3.3pt;"><td colspan="10" style="vertical-align:middle;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;">&#160;</p></td></tr><tr style="height:3.3pt;"><td style="vertical-align:middle;width:4.81%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:11.2%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:11.2%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:11.23%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:16.3%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.26%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:17.39%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.26%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:20.65%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:bottom;width:38.46%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 3.3pt;">Nominee</p></td><td style="vertical-align:bottom;width:0.66%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 3.3pt;">&#160;</p></td><td style="vertical-align:bottom;width:16.3%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Votes For</p></td><td style="vertical-align:bottom;width:3.26%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 3.3pt;">&#160;</p></td><td style="vertical-align:bottom;width:17.39%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Votes Withheld</p></td><td style="vertical-align:bottom;width:3.26%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 3.3pt;">&#160;</p></td><td style="vertical-align:bottom;width:20.65%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Broker Non-Votes</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="background-color:#cceeff;vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New 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style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">18,340,086</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Ashley Buchanan</p></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,394,296</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,563,808</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="background-color:#cceeff;vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Mark S. Cosby</p></td><td style="background-color:#cceeff;vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">122,864,685</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">2,093,419</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Ryan Cotton</p></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,065,809</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,892,295</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="background-color:#cceeff;vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Monte E. Ford</p></td><td style="background-color:#cceeff;vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,627,620</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,330,484</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Karen Kaplan</p></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,321,916</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,636,188</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="background-color:#cceeff;vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Matthew S. Levin</p></td><td style="background-color:#cceeff;vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,042,004</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,916,100</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">John J. Mahoney</p></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">122,005,236</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">2,952,868</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="background-color:#cceeff;vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">James A. Quella</p></td><td style="background-color:#cceeff;vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,035,919</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,922,185</p></td><td style="background-color:#cceeff;vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr><tr style="height:19.1pt;"><td colspan="4" style="vertical-align:middle;width:38.46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 1.1pt 1.1pt 7.7pt;">Beryl B. Raff</p></td><td style="vertical-align:middle;width:0.66%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">123,379,947</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:17.39%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">1,578,157</p></td><td style="vertical-align:top;width:3.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 1.1pt 1.1pt 3.3pt;"><span style="background-color:#ffff00;line-height:1.19;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:20.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt;">15,716,981</p></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 6.6pt;"><span style="margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 6.5pt;">Pursuant to the foregoing votes, the ten nominees listed above were elected to serve on the Company&#8217;s Board of Directors. There were no additional director nominations brought before the Annual Meeting.</p><table style="border-collapse:collapse;font-size:16pt;padding-left:0pt;padding-right:0pt;table-layout:auto;width:33.24%;"><tr style="height:3.3pt;"><td style="vertical-align:middle;width:6.83%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:93.16%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td></tr></table></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">2</p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.41%;border:0;margin:30pt 10.29% 30pt 10.29%;"></div><div style="max-width:100%;padding-left:10.29%;padding-right:10.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><table style="border-collapse:collapse;font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">2.</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Approval of the Amendment and Restatement of Michaels 2014 Omnibus Long-Term Incentive Plan</span></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:8.8pt 0pt 0pt 6.6pt;">Proposal two was the approval of the Proposed Plan, which provides for an increase of the shares of Common Stock available for award under the Proposed Plan and the removal of certain technical changes to provisions that are no longer applicable following the enactment of the Tax Cuts and Jobs Act of 2017. &#160;The results of the vote were as follows:</p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:78.7%;"><tr style="height:1pt;"><td style="vertical-align:middle;width:22.35%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">c</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:20%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr style="height:3.3pt;"><td colspan="7" style="vertical-align:middle;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;">&#160;</p></td></tr><tr style="height:3.3pt;"><td style="vertical-align:middle;width:22.35%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:20%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td></tr><tr style="height:19.1pt;"><td style="vertical-align:bottom;width:22.35%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.45pt 1.1pt 7.9pt;">For</p></td><td style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;width:20%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Against</p></td><td style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;width:23.52%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Abstain</p></td><td style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td style="vertical-align:bottom;width:23.52%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.1pt 1.1pt 7.7pt;">Broker Non-Votes</p></td></tr><tr style="height:19.95pt;"><td style="background-color:#cceeff;vertical-align:middle;width:22.35%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">120,086,144</p></td><td style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:20%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">4,708,143</p></td><td style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:23.52%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">163,817</p></td><td style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:23.52%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">15,716,981</p></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:8.8pt 0pt 0pt 6.6pt;">Pursuant to the foregoing vote, the Proposed Plan was approved.</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><div style="margin-top:8.8pt;"></div><table style="border-collapse:collapse;font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">3.</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Ratification of the Independent Registered Public Accountants</span></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:8.8pt 0pt 0pt 6.6pt;">Proposal three was the ratification of the appointment of Ernst &amp; Young, LLP as the Company&#8217;s independent registered public accounting firm for the current fiscal year. 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style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:20%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="3" style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr style="height:3.3pt;"><td colspan="12" style="vertical-align:middle;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;">&#160;</p></td></tr><tr style="height:3.3pt;"><td style="vertical-align:middle;width:22.35%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:20%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td colspan="3" style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:23.52%;margin:0pt;padding:0pt;"><div style="height:3.3pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">&#160;</span></p></div></div></td></tr><tr style="height:19.1pt;"><td style="vertical-align:bottom;width:22.35%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.45pt 1.1pt 7.9pt;">For</p></td><td style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td colspan="2" style="vertical-align:bottom;width:20%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.45pt 1.1pt 7.9pt;">Against</p></td><td style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td colspan="3" style="vertical-align:bottom;width:23.52%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.45pt 1.1pt 7.9pt;">Abstain</p></td><td colspan="2" style="vertical-align:bottom;width:3.52%;border-bottom:1px solid transparent;margin:0pt;padding:0pt;"></td><td colspan="2" style="vertical-align:bottom;width:23.52%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt 1.45pt 1.1pt 7.9pt;">Broker Non-Votes</p></td></tr><tr style="height:19.95pt;"><td style="background-color:#cceeff;vertical-align:middle;width:22.35%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">138,427,339</p></td><td style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="background-color:#cceeff;vertical-align:middle;width:20%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">1,923,884</p></td><td style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td colspan="3" style="background-color:#cceeff;vertical-align:middle;width:23.52%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">323,862</p></td><td colspan="2" style="background-color:#cceeff;vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="background-color:#cceeff;vertical-align:middle;width:23.52%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 1.1pt 0pt;">0</p></td></tr><tr style="height:1pt;"><td style="vertical-align:middle;width:22.35%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.37;margin:0pt;"><span style="line-height:1.15;">c</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:11.76%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:15.29%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:middle;width:17.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:3.52%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td><td colspan="2" style="vertical-align:middle;width:22.35%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-size:1pt;line-height:1.19;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr style="height:3.3pt;"><td colspan="11" style="vertical-align:middle;width:96.47%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;line-height:1.37;margin:0pt;">&#160;</p></td></tr></table><a id="part_1_2_2"></a><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:8.8pt 0pt 0pt 6.6pt;">Pursuant to the foregoing vote, the ratification of Ernst &amp; Young, LLP as the Company&#8217;s independent registered public accounting firm for the current fiscal year was approved.</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt 0pt 10pt 0pt;"><span style="font-weight:bold;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="font-size:12pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><a id="_6dfccbb6_fcd6_418d_91ac_399413973bc7"></a><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">Item 9.01. Financial Statements and Exhibits.</b></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="white-space:pre-wrap;">(d)   Exhibits.</span></p><table style="border-collapse:collapse;font-size:16pt;width:92.59%;"><tr style="height:1pt;"><td style="vertical-align:top;width:20%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:3%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:77%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:20%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Exhibit Number</b></p></td><td style="vertical-align:top;width:3%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><span style="font-weight:bold;line-height:1.19;text-decoration:underline;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:77%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Description</b></p></td></tr><tr><td style="vertical-align:top;width:20%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 10pt 0pt;"><a href="mik-20200610xex10d1.htm"><span style="font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.37;text-align:center;">10.1</span></a></p></td><td style="vertical-align:top;width:3%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:77%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><a href="mik-20200610xex10d1.htm"><span style="font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.37;text-align:left;">The Michaels Companies, Inc. Third Amended and Restated 2014 Omnibus Long-Term Incentive Plan.</span></a></p></td></tr><tr><td style="vertical-align:top;width:20%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;text-align:center;margin:0pt 0pt 10pt 0pt;">104</p></td><td style="vertical-align:top;width:3%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:77%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="background-color:#ffffff;color:#212529;">Cover Page Interactive Data File (embedded within the inline XBRL document)</span></p></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="display:none;font-family:'Times New Roman';font-size:10pt;line-height:0pt;margin:0pt 0pt 10pt 0pt;"><span style="font-size:0pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><a id="_f88ec74b_ff35_4240_9273_7fc1481d1b20"></a></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">3</p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.41%;border:0;margin:30pt 10.29% 30pt 10.29%;"></div><div style="max-width:100%;padding-left:10.29%;padding-right:10.29%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-indent:27.5pt;margin:0pt;">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.</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td colspan="2" style="vertical-align:top;width:51.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">THE MICHAELS COMPANIES, INC.</b></p></td></tr><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">&#160;</b></p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:11.2pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">By:&#8194;</p></td><td style="vertical-align:top;width:48.13%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">/s/ Tim Cheatham</p></td></tr><tr style="height:46.45pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Tim Cheatham</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Executive Vice President, General Counsel and Secretary</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr></table><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;padding-left:267.3pt;text-indent:-267.3pt;margin:0pt;">Date: June 12, 2020</p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">4</p></div></div>
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{"company-data": {"conformed-name": "Michaels Companies, Inc.", "cik": "0001593936", "assigned-sic": "5945", "irs-number": "371737959", "state-of-incorporation": "DE", "fiscal-year-end": "0130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-36501", "film-number": "20960806"}, "business-address": {"street1": "8000 BENT BRANCH DRIVE", "city": "IRVING", "state": "TX", "zip": "75063", "phone": "9724091300"}, "mail-address": {"street1": "8000 BENT BRANCH DRIVE", "city": "IRVING", "state": "TX", "zip": "75063"}}
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):
June 10, 2020
​
THE MICHAELS COMPANIES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
001-36501
(Commission
File Number)
37-1737959
(IRS Employer
Identification No.)
8000 Bent Branch Drive
Irving
,
Texas
75063
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(
972
)
409-1300
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:
☐
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
Common Stock
, $0.06775 par value
MIK
Nasdaq
Stock Market
​
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 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
.
The Board of Directors (the "Board") of The Michaels Companies, Inc. (the "Company") previously directed the amendment and restatement of the Michaels Second Amended and Restated 2014 Omnibus Long-Term Incentive Plan (such amendment and restatement, the "Proposed Plan") to be submitted to the Company's stockholders for their approval at the 2020 Annual Meeting of Stockholders of the Company (the "Annual Meeting"), which was held on June 10, 2020.
As described under Item 5.07 of this Current Report on Form 8-K (this "Current Report"), the Company's stockholders approved the Proposed Plan at the Annual Meeting. A description of the material terms of the Proposal Plan is set forth under the heading "Proposal 2 Approval of Amendment and Restatement of Michaels Second Amended and Restated 2014 Omnibus Long-Term Incentive Plan" in the Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2020, which such description is incorporated herein by reference. The description of the Proposed Plan is qualified in its entirety by reference to the full text of the Proposed Plan, which is attached as Exhibit 10.1 to this Current Report and is incorporated herein by reference.
​
On June 1, 2020, the Company issued a press release relating to the above matters. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
​
Item 5.07.     Submission of Matters to a Vote of Security Holders.
The Annual Meeting of the Company was held on June 10, 2020. A total of 140,675,085 shares were present or represented by proxy, representing approximately 95.48% of all shares entitled to vote at the Annual Meeting. The matters presented for a vote and the related results are as follows:
​
1.
Election of Directors
Proposal one was the election of ten nominees to serve as directors of the Company each for a term of one year. The results of the vote were as follows:
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
​
Nominee
Votes For
Votes Withheld
Broker Non-Votes
Joshua Bekenstein
​
106,618,018
​
18,340,086
​
15,716,981
Ashley Buchanan
​
123,394,296
​
1,563,808
​
15,716,981
Mark S. Cosby
​
122,864,685
​
2,093,419
​
15,716,981
Ryan Cotton
​
123,065,809
​
1,892,295
​
15,716,981
Monte E. Ford
​
123,627,620
​
1,330,484
​
15,716,981
Karen Kaplan
​
123,321,916
​
1,636,188
​
15,716,981
Matthew S. Levin
​
123,042,004
​
1,916,100
​
15,716,981
John J. Mahoney
​
122,005,236
​
2,952,868
​
15,716,981
James A. Quella
​
123,035,919
​
1,922,185
​
15,716,981
Beryl B. Raff
​
123,379,947
​
1,578,157
​
15,716,981
​
Pursuant to the foregoing votes, the ten nominees listed above were elected to serve on the Company's Board of Directors. There were no additional director nominations brought before the Annual Meeting.
2
2.
Approval of the Amendment and Restatement of Michaels 2014 Omnibus Long-Term Incentive Plan
Proposal two was the approval of the Proposed Plan, which provides for an increase of the shares of Common Stock available for award under the Proposed Plan and the removal of certain technical changes to provisions that are no longer applicable following the enactment of the Tax Cuts and Jobs Act of 2017.  The results of the vote were as follows:
c
​
​
​
​
​
​
For
Against
Abstain
Broker Non-Votes
120,086,144
​
4,708,143
​
163,817
​
15,716,981
Pursuant to the foregoing vote, the Proposed Plan was approved.
​
3.
Ratification of the Independent Registered Public Accountants
Proposal three was the ratification of the appointment of Ernst & Young, LLP as the Company's independent registered public accounting firm for the current fiscal year. The results of the vote were as follows:
c
​
​
​
​
​
​
For
Against
Abstain
Broker Non-Votes
138,427,339
​
1,923,884
​
323,862
​
0
c
​
​
​
​
​
​
Pursuant to the foregoing vote, the ratification of Ernst & Young, LLP as the Company's independent registered public accounting firm for the current fiscal year was approved.
​
​
Item 9.01. Financial Statements and Exhibits.
(d)   Exhibits.
​
​
​
​
​
Exhibit Number
​
Description
10.1
​
The Michaels Companies, Inc. Third Amended and Restated 2014 Omnibus Long-Term Incentive Plan.
104
​
Cover Page Interactive Data File (embedded within the inline XBRL document)
​
​
​
​
3
​
SIGNATURE
​
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.
​
THE MICHAELS COMPANIES, INC.
​
​
By:
/s/ Tim Cheatham
Tim Cheatham
Executive Vice President, General Counsel and Secretary
​
​
Date: June 12, 2020
​
​
​
​
​
​
​
​
4