Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (May 9, 2008)
  • 8-K (Mar 27, 2008)
  • 8-K (Mar 6, 2008)
  • 8-K (Feb 11, 2008)
  • 8-K (Jan 29, 2008)
  • 8-K (Jan 15, 2008)

 
Other

Sirva 8-K 2006

Documents found in this filing:

  1. 8-K
  2. Ex-10.1
  3. Ex-99.1
  4. Graphic
  5. Graphic

QuickLinks -- Click here to rapidly navigate through this document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 23, 2006

SIRVA, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
  001-31902
(Commission
File Number)
  52-2070058
(IRS Employer
Identification No.)

700 Oakmont Lane
Westmont, Illinois 60559
(Address of principal executive offices, including zip code)

(Registrant's telephone number, including area code): (630) 570-3000

Not Applicable
(Former name or former address, if changed from 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:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 1.01    Entry into a Material Definitive Agreement.

        On January 23, 2006, SIRVA, Inc. ("SIRVA") entered into an employment agreement, dated as of January 23, 2006, with Eryk J. Spytek, SIRVA's new Senior Vice President, General Counsel and Secretary. Mr. Spytek's appointment is effective February 13, 2006.

        Under the employment agreement, Mr. Spytek will receive an annual base salary of $245,000, with a maximum annual cash bonus opportunity of up to 75% of his base salary. For his first year of employment, Mr. Spytek will receive a guaranteed bonus of $91,875. In addition, SIRVA has agreed to grant Mr. Spytek (1) non-qualified stock options, which vest ratably over four years, to purchase 30,000 shares of SIRVA's common stock and (2) 20,000 restricted shares of SIRVA's common stock, which vest ratably over five years, as equity compensation under the employment agreement, in each case subject to approval of the compensation committee of SIRVA's board of directors. Mr. Spytek also is entitled to participate in all health, welfare and other benefits available to SIRVA's executives, including a $12,000 annual car allowance and personal financial consulting.

        The employment agreement also provides that if SIRVA terminates Mr. Spytek's employment without cause, SIRVA will pay to Mr. Spytek, as severance, a pro rata portion of his bonus and will continue paying his base salary and health benefits for the period ending on the earlier of (a) twelve months after his termination date or (b) the date Mr. Spytek accepts new employment with a base salary equal to or greater than 80% of his base salary; provided that if his termination occurs within two years following a change of control, as defined in the employment agreement, SIRVA will pay Mr. Spytek a cash payment equal to his base salary under the employment agreement. These payments are subject to Mr. Spytek's execution of a general release of claims in form and substance satisfactory to SIRVA.

        A copy of the employment agreement with Mr. Spytek is included herein as Exhibit 10.1 and is incorporated herein by reference.


Item 5.02    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

        On January 24, 2006, Ralph A. Ford announced his retirement at the end of February 2006 as SIRVA's Senior Vice President, General Counsel and Secretary. Mr. Ford will be succeeded by Eryk J. Spytek, who will become SIRVA's Senior Vice President, General Counsel and Secretary, effective February 13, 2006. The description of the material terms of Mr. Spytek's employment agreement are set forth in Item 1.01 above and are incorporated herein by reference.

        A copy of SIRVA's press release, dated January 24, 2006, which announced this matter, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


Item 9.01    Financial Statements and Exhibits.

(a)
Financial Statements of Business Acquired.

Not applicable.

(b)
Pro Forma Financial Information.

Not applicable.

(c)
Exhibits

10.1   Employment Agreement, dated as of January 23, 2006, between SIRVA, Inc. and Eryk J. Spytek.
99.1   Press release, dated January 24, 2006.


SIGNATURES

        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.

    SIRVA, INC.
Date: January 27, 2006      

 

 

By:

/s/  
RALPH A. FORD      
    Name: Ralph A. Ford
    Title: Senior Vice President, General Counsel & Secretary


Exhibit Index

Exhibit

  Description


10.1

 

Employment Agreement, dated as of January 23, 2006, between SIRVA, Inc. and Eryk J. Spytek.

99.1

 

Press release, dated January 24, 2006.



QuickLinks

SIGNATURES
Exhibit Index
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki