Item 2.02 Results of Operations and Financial Condition.

On December 10, 2020, Christopher & Banks Corporation issued a press release reporting its results for the thirteen and thirty-nine week periods ended October 31, 2020. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02.

The information furnished in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"), and shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Exchange Act or the 1933 Act, except as expressly set forth by specific reference in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

Christopher & Banks Corporation (the "Company") has entered into stay bonus repayment agreements with each of the following named executive officers are part of a Key Employee Retention Plan ("KERP") approved by the Board of Directors. The KERP is intended to facilitate business continuity during a critical phase in which the Company is evaluating its strategic options. Under the KERP, each executive was granted a lump sum payment equivalent to three months' salary, which subject to the Board's waiver, they are obligated to repay if they voluntarily resign, or are terminated with cause, within six months of the effective date of the agreement. Keri Jones, President and Chief Executive Officer, received $175,000; Richard Bundy, Senior Vice President and Chief Financial Officer, received $90,000; Andrea Kellick, Senior Vice President, Chief Merchandising Officer, received $95,000; and Carmen Wamre, Senior Vice President, Chief Stores Officer, received $78,800.

A form of the stay bonus repayment agreement is filed as Exhibit 10.1 to this report. The foregoing description of the agreements is subject in its entirety to the actual terms of the stay bonus repayment agreement, a form of which is set forth in Exhibit 10.1. Item 9.01 Financial Statements and Exhibits.



(d)             Exhibits:
                10.1   Form of Stay Bonus Repayment Agreement
                99.1   Christopher & Banks Corporation Press Release dated December 10, 2020.



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