Steven madden ltd have suspended quarterly cash dividend

Steven madden ltd - have suspended our quarterly cash dividend.steven madden ltd - have suspended stock repurchases.steven madden ltd - have drawn $30 million from our credit facility.steven madden ltd - effective apr 1, will furlough a significant number of employees.steven madden ltd - employees with medical benefits will continue to receive those benefits at no personal cost.steven madden ltd - effective apr 1, steve madden and edward rosenfeld will receive no salary.steven madden - effective apr 1, salaries of president, cfo, coo, chief merchandising officer will be reduced by 30%.steven madden ltd - effective apr 1, salaries of all other employees earning more than $100,000 per year will be reduced by graduated amounts.steven madden ltd - effective apr 1, board have agreed to suspend all of their cash compensation.steven madden ltd - have significantly scaled back non-essential operating expenses, capital expenditures, and planned inventory receipts.
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