Dillard’s Proxy Statement Reveals Executive Deals

Dillard’s headquarters at 1600 Cantrell Road in Little Rock. (Stephanie Dunn)

Dillard’s Inc.’s annual proxy statement provides details about some transactions it has with executive officers, directors and others, according to U.S. Securities & Exchange Commission rules.

In its latest proxy on April 5, the Little Rock department store chain reported that in Dillard’s fiscal 2023, Stephens Insurance LLC of Little Rock received about $1.4 million in commissions related to the sale of voluntary insurance products to Dillard’s workers. The commission amount is a slight drop from $1.5 million in 2022.

In addition, during fiscal 2023, Dillard’s paid an agency fee of $69,611 to Stephens Insurance in connection with property and casualty insurance brokerage and risk management services.

Stephens Insurance is an affiliate of independent financial services firm Stephens Inc. of Little Rock. Stephens Insurance is one of the largest privately-owned insurance brokerages in the Mid-South, operating out of offices in Little Rock, Fayetteville, Dallas, Houston, Jackson, Mississippi, and Birmingham, Alabama.

Stephens Insurance is owned by Warren Stephens, the chairman, president and CEO of Stephens Inc., and Miles Stephens, John Stephens and Laura Stephens.

Warren Stephens has been a director of Dillard’s since 2002.