Collective Brands, Inc. 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
November 22, 2011
Date of Report (Date of earliest event reported)
COLLECTIVE BRANDS, INC.
(Exact Name of Registrant as Specified in its Charter)
3231 Southeast Sixth Avenue
Topeka, Kansas 66607-2207
(Address of Principal Executive Office) (Zip Code)
(Registrants Telephone Number, Including Area Code)
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 November 22, 2011, the Company entered into an amendment of LuAnn Vias employment agreement to waive the two-year noncompetition provision in the event of an involuntary termination without cause following a change of control. This summary is qualified by reference to the full copy of the amendment filed as exhibit 10.1 hereto.
In addition, the Compensation, Nominating & Governance Committee of the Board approved the grant of $400,000 of stock settled stock appreciation rights (SARs, based upon the binomial valuation, not to exceed 90,000 SARs). The grant will occur on November 23, 2011, the next approved quarterly grant date. Ms. Vias SAR grant will be performance based and if and to the extent the vesting criteria is satisfied, will vest ratably in 1/3 increments beginning April 1, 2013.
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.