BJS WHOLESALE CLUB INC 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 18, 2006 (December 14, 2006)
BJs Wholesale Club, Inc.
(Exact Name of Registrant as Specified in Charter)
Registrants telephone number, including area code: (508) 651-7400
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 14, 2006, in connection with his appointment as interim Chief Executive Officer of the Company, the Companys Board of Directors approved an increase in the annual base salary of Herbert J. Zarkin from $525,000 to $975,000 effective November 22, 2006. The Board of Directors also approved a Restricted Stock Award of 100,000 shares of the Companys Common Stock to Mr. Zarkin pursuant to the Companys 1997 Stock Incentive Plan. The shares subject to the Restricted Stock Award shall vest on March 14, 2008.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BJs WHOLESALE CLUB, INC.
Date: December 18, 2006
By: /s/ Frank D. Forward
Frank D. Forward
Executive Vice President,
Chief Financial Officer