This excerpt taken from the FRZ 8-K filed Aug 20, 2009.
Item 8.01. Other Events.
On August 19, 2009, Reddy Ice Holdings, Inc. (the Company) issued a press release announcing that certain of the Companys officers, including Gilbert M. Cassagne, the Companys Chairman of the Board, Chief Executive Officer and President; Steven J. Janusek, the Companys Executive Vice President, Chief Financial Officer and Secretary; Paul D. Smith, the Companys Executive Vice President and Chief Operating Officer, William A. Tolany, the Companys Executive Vice President and Chief Customer Officer; and Angela S. Wallander, the Companys Executive Vice President and Chief Administrative Officer, have established pre-arranged personal stock trading plans, or amended their pre-existing pre-arranged personal stock trading plans, in each case to purchase shares of the Companys common stock. The plans are intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and comply with the Companys insider trading policy. The press release is contained in Exhibit 99.1 and is incorporated herein by reference.
This excerpt taken from the FRZ 8-K filed Jul 30, 2009.
Item 8.01. Other Events.
On July 28, 2009, the compensation committee of the Board of Directors of Reddy Ice Holdings, Inc. (the Company) approved a new compensation structure for the Companys non-employee directors. The new compensation structure was based on a compensation study performed by Towers Perrin, a recognized compensation consultant.
Under the updated compensation structure, the non-employee directors will each receive $48,000 per annum as compensation for their service, payable quarterly in arrears. Members of the committees of the Board of Directors will generally no longer receive additional compensation for such service, except that: (i) the chairperson of the audit committee will receive an additional fee of $5,000 per year, (ii) the chairpersons of the compensation committee and the corporate governance and nominating committee will receive an additional fee of $2,500 per year and (iii) per-meeting compensation for members of the special committee (investigation) will not be changed.
The non-employee directors equity compensation was also modified by the compensation committee based on Towers Perrins advice. With the final vesting of all outstanding restricted stock units occurring on August 12, 2009, non-employee directors would no longer have had any form of equity compensation under the prior structure. In accordance with recent changes in the structure of employee equity incentive compensation, restricted stock units will no longer be issued to non-employee directors. Instead, each non-employee director will receive an annual stock grant immediately following the Companys annual meeting of stockholders with a value on the date of grant of $48,000, an amount generally consistent with the target value of annual equity compensation at the time our directors compensation was last studied. In connection with the adoption of the new compensation structure on July 28, 2009, the grants for 2009 were approved by the compensation committee.
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.
Date: July 30, 2009