Carmike Cinemas 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
April 13, 2007
Carmike Cinemas, Inc.
(Exact Name of Registrant as Specified in Charter)
Registrants telephone number, including area code: (706) 576-3400
(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:
On April 13, 2007, the Compensation and Nominating Committee of Carmike Cinemas, Inc. (the Company) approved the grant of an aggregate of (i) 260,000 stock options and (ii) 40,000 shares of restricted stock to the Companys named executive officers, other than Mr. Rhead. Each of Messrs. Patrick, Hare, Van Noy and Champion received 40,000 stock options at an exercise price of $25.95 per share, the fair market value on the grant date. One-third of these stock options will vest upon an increase in the trading price, for 20 consecutive trading days, of the Companys common stock equal to 25%, 30%, and 35%, respectively, above the grant price. Each of Messrs. Patrick, Hare, Van Noy and Champion received 10,000 shares of restricted stock. These shares will vest on the third anniversary of the grant date.
Item 9.01. Financial Statements and Exhibits.
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.