Item 1.01 Entry into a Material Definitive Agreement.

On January 23, 2020, World of Jeans & Tops, a California corporation and a wholly owned subsidiary of Tilly's, Inc., a Delaware corporation (the "Company"), entered into Amendment No. 7 (the "Amendment") to the Amended and Restated Credit Agreement (as amended, the "Agreement"), dated as of May 3, 2012, with Wells Fargo Bank, National Association. The Amendment makes certain changes to the terms of the Agreement, including extending the maturity date of the Agreement to January 31, 2023 and revising or eliminating certain restrictive financial covenants, including the removal of the prohibition on payment of dividends or stock buybacks.

The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.1, and is incorporated herein by reference.

Item 8.01 Other Events.

On January 24, 2020, the Company issued a press release announcing a one-time special cash dividend of $1.00 per share to be paid on February 26, 2020, to all holders of record of issued and outstanding shares Class A common stock and Class B Common stock as of the close of business on February 12, 2020. Item 9.01 Financial Statements and Exhibits




                                 (d)  Exhibits
The following exhibits are being furnished herewith:
Exhibit No.    Exhibit Title or Description
10.1             Amendment No. 7 to Amended and Restated Credit Agreement and
               Note, dated as of January 23, 2020, by and between World of Jeans
               & Tops, a California corporation, and Wells Fargo, National
               Association.
99.1             Press Release of Tilly's, Inc. dated January 24, 2020.

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