• TAKING NOTES: Gadzooks Inc. said it has completed the private placement of $14 million of convertible subordinated notes, worth approximately 2.8 million shares of common stock. The company plans to use the approximately $13.3 million in net proceeds from the placement for “working capital and general corporate purposes.” In addition, the company also obtained a $5 million increase in its senior secured credit facility with Wells Fargo Retail Finance LLC, upping the company’s borrowing capacity to $35 million. Jerry Szczepanksi, chairman and chief executive, said the added liquidity “provides additional flexibility as we continue to refine our new female-only merchandise concept.” In July 2003 the Dallas-based retailer converted its operation to solely target 16- to 22-year-old women.

  • RIME OF THE DEPARTED MARINO: Bob Cordaro has been named vice president and chief financial officer of VF Corp.’s Sportswear Coalition, formed following the acquisition of Nautica Enterprises to include the Nautica, Earl Jean and John Varvatos businesses. Cordaro succeeds Wayne Marino, who had been cfo of Nautica and is “leaving to pursue other business opportunities,” VF said in a statement. Cordaro will continue to serve as VF’s vice president and controller as a search for his successor is undertaken. In his new role, he’ll report to Eric Wiseman, chairman of the Sportswear and Global Intimates Coalitions at VF. Cordaro has been with VF since 1985 in financial posts in Asia, Europe and the U.S.

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