|EX-10.2 - 2006 INCENTIVE PLAN GUIDELINES FOR ANNUAL CASH BONUS AWARDS - FAMILY DOLLAR STORES INC||dex102.htm|
|EX-10.1 - 2006 INCENTIVE PLAN GUIDELINES FOR PERFORMANCE SHARE RIGHTS AWARDS - FAMILY DOLLAR STORES INC||dex101.htm|
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|RLJ ENTERTAINMENT, INC. - 10-Q, Quarterly Report|
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): October 13, 2009
Family Dollar Stores, Inc.
(Exact name of registrant as specified in charter)
(State or Other Jurisdiction
|(Commission File Number)|| |
P.O. Box 1017, 10401 Monroe Road
Charlotte, North Carolina
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants telephone number, including area code: (704) 847-6961
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(e).||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
Fiscal 2010 Named Executive Officer Compensation.
At its meeting held on October 13, 2009, the Compensation Committee approved fiscal year 2010 annual compensation packages for the Companys principal executive officer (PEO), principal financial officer (PFO) and the three most highly compensated executive officers other than the PEO and PFO who were serving as executive officers of the Company at the end of the Companys fiscal year ended August 29, 2009 (collectively, named executive officers), as follows:
|Name||Base Salary (1)||
(% of base
(Fiscal 2010 - 2012
S. Gibson, Jr.,
(1) Increases to base salaries effective retroactive to August 29, 2009.
(2) Pursuant to the Companys 2006 Incentive Plan.
As a result of her promotion to Executive Vice President Chief Merchandising Officer in August 2009, Ms. Flur was also awarded an additional 726 performance share rights for the fiscal 2008 2010 performance period and 1,452 performance share rights for the fiscal 2009 2011 performance period.
The foregoing does not constitute a complete summary of the compensation terms of the named executive officers and reference is made to the following Company plans with respect to various aspects of the compensation packages awarded to each named executive officer: (i) Family Dollar Stores, Inc. 2006 Incentive Plan (filed as Exhibit 10.4 to the Companys Form 10-Q filed with the Securities and Exchange Commission (the SEC) on January 7, 2009); (ii) Family Dollar Stores, Inc. 2006 Incentive Plan Guidelines for Long-Term Incentive Performance Share Rights Awards (filed as Exhibit 10.1 to this filing); (iii) Family Dollar Stores, Inc. 2006 Incentive Plan 2006 Non-Qualified Stock Option Grant
Program (filed as Exhibit 10.3 to the Companys Form 8-K filed with the SEC on January 25, 2006); and (iv) the Family Dollar Stores, Inc. 2006 Incentive Plan Guidelines for Annual Cash Bonus Awards (filed as Exhibit 10.2 to this filing).
Amendment of Guidelines for Long-Term Incentive Performance Share Rights Awards and for Annual Cash Bonus Awards, each as adopted pursuant to the Companys 2006 Incentive Plan.
At its meeting held on October 13, 2009, the Compensation Committee amended the 2006 Incentive Plan Guidelines for Long-Term Incentive Performance Share Rights Awards (the PSR Guidelines) to (i) provide that a team member will not be granted a target performance share rights award for any performance period that will lapse within six months from that team members date of hire; (ii) to ensure compliance with certain provisions of Section 162(m) of the Internal Revenue Code; and (iii) to clarify the timing of payments made to certain eligible participants under the PSR Guidelines.
The Compensation Committee also amended the Family Dollar Stores, Inc. 2006 Incentive Plan Guidelines for Annual Cash Bonus Awards (the Cash Bonus Awards Guidelines) to clarify the timing of payments made to certain eligible participants.
The foregoing does not constitute a complete summary of the PSR Guidelines or the Cash Bonus Awards Guidelines and reference is made to the complete text of the PSR Guidelines, which are attached hereto as Exhibit 10.1, and the Cash Bonus Awards Guidelines, which are attached hereto as Exhibit 10.2, both of which are incorporated herein by reference.
|Item 9.01.||Financial Statements and Exhibits.|
10.1 2006 Incentive Plan Guidelines for Long-Term Performance Share Rights Awards
10.2 2006 Incentive Plan Guidelines for Annual Cash Bonus Awards
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.
|FAMILY DOLLAR STORES, INC.|
|Date: October 16, 2009||By:||/S/ JAMES C. SNYDER, JR.|
|Senior Vice President-General Counsel and Secretary|
|10.1||2006 Incentive Plan Guidelines for Performance Share Rights Awards|
|10.2||2006 Incentive Plan Guidelines for Annual Cash Bonus Awards|