Attached files
file | filename |
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EX-31.2 - EX-31.2 - GRACO INC | c56397exv31w2.htm |
EX-32 - EX-32 - GRACO INC | c56397exv32.htm |
EX-10.27 - EX-10.27 - GRACO INC | c56397exv10w27.htm |
EX-10.14 - EX-10.14 - GRACO INC | c56397exv10w14.htm |
EX-31.1 - EX-31.1 - GRACO INC | c56397exv31w1.htm |
EX-10.22 - EX-10.22 - GRACO INC | c56397exv10w22.htm |
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment No. 1
þ | Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
for the fiscal year ended December 25, 2009, or |
o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
for the transition period from to . |
Commission File No. 001-09249
Graco Inc.
(Exact name of Registrant as specified in its charter)
Minnesota (State or other jurisdiction of incorporation or organization) |
41-0285640 (I.R.S. Employer Identification No.) |
88 11th Avenue Northeast
Minneapolis, MN 55413
(Address of principal executive offices) (Zip Code)
Minneapolis, MN 55413
(Address of principal executive offices) (Zip Code)
(612) 623-6000
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, par value $1.00 per share
Preferred Share Purchase Rights
Shares registered on the New York Stock Exchange.
Common Stock, par value $1.00 per share
Preferred Share Purchase Rights
Shares registered on the New York Stock Exchange.
Securities registered pursuant to Section 12(g) of the Act:
None
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of
the Securities Act. Yes þ No o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act. Yes o No þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes þ No o
Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data file required to be submitted and posted
pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period
that the registrant was required to submit and post such files). Yes o No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is
not contained herein, and will not be contained, to the best of registrants knowledge, in
definitive proxy or information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K þ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See the definitions of large accelerated
filer and accelerated filer in Rule 12b-2 of the Exchange Act (Check one):
Large accelerated filer þ | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the
Act).
Yes o No þ
The aggregate market value of approximately 60,000,000 shares of common stock held by
non-affiliates of the registrant was approximately $1.3 billion as of June 26, 2009.
60,080,211 shares of common stock were outstanding as of February 8, 2010.
DOCUMENTS INCORPORATED BY REFERENCE
None.
Table of Contents
EXPLANATORY NOTE
This Amendment No. 1 on Form 10-K/A (Amendment No. 1) to the Graco Inc. Annual Report on
Form 10-K for the year ended December 25, 2009, as filed with the Securities and Exchange
Commission on February 16, 2010 (the 2009 Annual Report), is being filed solely for the purpose of
filing Exhibits 10.14, 10.22 and 10.27, which were listed on the Index to Exhibits required by Item
15 of the 2009 Annual Report but were inadvertently not filed as exhibits to the 2009 Annual
Report. This Amendment No. 1 does not otherwise update any information as originally filed and
does not otherwise reflect events occurring after the original filing date of our 2009 Annual
Report.
Item 15. | Exhibits and Financial Statement Schedule |
(a) The following documents are filed as part of this report:
(3) | Management Contract, Compensatory Plan or Arrangement. (See Exhibit Index) Those entries marked by an asterisk are Management Contracts, Compensatory Plans or Arrangements. |
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Table of Contents
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Graco Inc.
/s/Patrick J. McHale
|
February 17, 2010 | |
Patrick J. McHale |
||
President and Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by
the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
/s/Patrick J. McHale
|
February 17, 2010 | |
Patrick J. McHale |
||
President and Chief Executive Officer |
||
(Principal Executive Officer) |
||
/s/James A. Graner
|
February 17, 2010 | |
James A. Graner |
||
Chief Financial Officer and Treasurer |
||
(Principal Financial Officer) |
||
/s/Caroline M. Chambers
|
February 17, 2010 | |
Caroline M. Chambers |
||
Vice President and Controller |
||
(Principal Accounting Officer) |
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Table of Contents
Exhibit Index
Exhibit | ||
Number | Description | |
2.1
|
Stock Purchase Agreement By and Among PMC Global, Inc. Gusmer Machinery Group, Inc. and Graco Inc., dated as of February 4, 2005 (Incorporated by reference to Exhibit 2.1 to the Companys Report on Form 8-K dated February 10, 2005.) | |
2.2
|
Stock Purchase Agreement By and Among PMC Europe Investments, S.L. and Graco Inc. dated as of February 4, 2005. (Incorporated by reference to Exhibit 2.2 to the Companys Report on Form 8-K dated February 10, 2005.) | |
3.1
|
Restated Articles of Incorporation as amended June 14, 2007. (Incorporated by reference to Exhibit 3.1 to the Companys Report on Form 10-Q for the thirteen weeks ended June 29, 2007.) | |
3.2
|
Restated Bylaws as amended June 13, 2002. (Incorporated by reference to Exhibit 3 to the Companys Report on Form 10-Q for the thirteen weeks ended June 28, 2002.) | |
4.1
|
Share Rights Agreement dated as of February 25, 2000, between the Company and Wells Fargo, formerly known as Norwest Bank Minnesota, National Association, as Rights Agent. (Incorporated by reference to Exhibit 1 to the Companys Registration Statement on Form 8-A dated March 9, 2000.) | |
4.2
|
Credit Agreement dated July 12, 2007, between the Company and U.S. Bank National Association, JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, and Bank of America, N.A. (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 8-K dated July 12, 2007.) | |
*10.1
|
Executive Officer Bonus Plan as amended and restated December 23, 2008. (Incorporated by reference to Exhibit 10.1 to the Companys 2008 Annual Report on Form 10-K.) | |
*10.2
|
Executive Officer Annual Incentive Bonus Plan as amended and restated December 23, 2008. (Incorporated by reference to Exhibit 10.2 to the Companys 2008 Annual Report on Form 10-K.) | |
*10.3
|
Graco Inc. Nonemployee Director Stock Option Plan, as amended and restated June 18, 2004. (Incorporated by reference to Exhibit 10.4 to the Companys Report on Form 10-Q for the thirteen weeks ended April 1, 2005.) | |
*10.4
|
Long Term Stock Incentive Plan, as amended and restated June 18, 2004. (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended April 1, 2005.) | |
*10.5
|
Graco Inc. Amended and Restated Stock Incentive Plan (2006). (Incorporated by reference to the Companys Definitive Proxy Statement on Schedule 14A filed March 14, 2006.) | |
10.6
|
Employee Stock Incentive Plan, as amended and restated June 18, 2004. (Incorporated by reference to Exhibit 10.3 to the Companys Report on Form 10-Q for the thirteen weeks ended April 1, 2005.) | |
*10.7
|
Deferred Compensation Plan Restated, effective December 1, 1992. (Incorporated by reference to Exhibit 2 to the Companys Report on Form 8-K dated March 11, 1993.) First Amendment dated September 1, 1996. (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the twenty-six weeks ended June 27, 1997.) Second Amendment dated May 27, 2000. (Incorporated by reference to Exhibit 10.7 to the Companys 2005 Annual Report on Form 10-K.) Third Amendment adopted on December 19, 2002. (Incorporated by reference to Exhibit 10.7 to the Companys 2005 Annual Report on Form 10-K.) Fourth Amendment adopted June 14, 2007. (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the thirteen weeks ended June 29, 2007.) | |
*10.8
|
Deferred Compensation Plan (2005 Statement) as amended and restated on April 4, 2005. (Incorporated by reference to Exhibit 10.1 of the Companys Report on Form 10-Q for the thirteen weeks ended July 1, 2005.) Second Amendment dated November 1, 2005. (Incorporated by reference to Exhibit 10.8 to the Companys 2005 Annual Report on Form 10-K.) Third Amendment adopted on December 29, 2008. (Incorporated by reference to Exhibit 10.8 to the Companys 2008 Annual Report on Form 10-K.) | |
10.9
|
CEO Award Program. (Incorporated by reference to Exhibit 10.9 to the Companys 2005 Annual Report on Form 10-K.) |
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Table of Contents
Exhibit | ||
Number | Description | |
*10.10
|
Retirement Plan for Nonemployee Directors. (Incorporated by reference to Attachment C to Item 5 to the Companys Report on Form 10-Q for the thirteen weeks ended March 29, 1991.) First Amendment adopted on December 29, 2008. (Incorporated by reference to Exhibit 10.10 to the Companys 2008 Annual Report on Form 10-K.) | |
*10.11
|
Graco Restoration Plan (2005 Statement). (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended September 29, 2006.) First Amendment adopted December 8, 2006. (Incorporated by reference to Exhibit 10.12 to the Companys 2006 Annual Report on Form 10-K.) Second Amendment adopted August 15, 2007. (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended September 28, 2007.) Third Amendment adopted March 27, 2008. (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended March 28, 2008.) Fourth Amendment adopted December 29, 2008. (Incorporated by reference to Exhibit 10.11 to the Companys 2008 Annual Report on Form 10-K.) | |
*10.12
|
Stock Option Agreement. Form of agreement used for award of nonstatutory stock options to nonemployee directors under the Nonemployee Director Stock Option Plan. (Incorporated by reference to Exhibit 10.11 to the Companys 2001 Annual Report on Form 10-K.) | |
*10.13
|
Stock Option Agreement. Form of agreement used for award of nonstatutory stock options to nonemployee directors under the Graco Inc. Stock Incentive Plan. (Incorporated by reference to Exhibit 10.22 to the Companys 2002 Annual Report on Form 10-K.) Amended form of agreement for awards made to nonemployee directors. (Incorporated by reference to Exhibit 10.3 to the Companys Report on Form 10-Q for the thirteen weeks ended March 26, 2004.) | |
*10.14
|
Stock Option Agreement. Form of agreement used for award of nonstatutory stock options to nonemployee directors under the Graco Inc. Amended and Restated Stock Incentive Plan (2006). (Incorporated by reference to Exhibit 10.3 to the Companys Report on Form 10-Q for the thirteen weeks ended June 29, 2007.) Amended form of agreement for awards made to nonemployee directors in 2008. (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the thirteen weeks ended June 27, 2008.) Amended and restated form of agreement for awards made to nonemployee directors in 2009. | |
*10.15
|
Stock Option Agreement. Form of agreement used for award of non-incentive stock options to executive officers under the Long Term Stock Incentive Plan. (Incorporated by reference to Exhibit 10.12 to the Companys 2001 Annual Report on Form 10-K.) | |
*10.16
|
Stock Option Agreement. Form of agreement used for award of non-incentive stock options to executive officers under the Graco Inc. Stock Incentive Plan. (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the thirteen weeks ended March 29, 2002.) Amended form of agreement for awards made to Chief Executive Officer in 2001 and 2002. Amended form of agreement for awards made to executive officers in 2003. (Incorporated by reference to Exhibit 10.15 of the Companys 2003 Annual Report on Form 10-K.) Amended form of agreement for awards made to executive officers in 2004. Amended form of agreement for awards made to Chief Executive Officer in 2004. (Incorporated by reference to Exhibit 10.2 and 10.4 to the Companys Report on Form 10-Q for the thirteen weeks ended March 26, 2004.) | |
*10.17
|
Stock Option Agreement. Form of agreement used for award in 2007 of non-incentive stock options to executive officers under the Graco Inc. Amended and Restated Stock Incentive Plan (2006). (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended March 30, 2007.) Amended form of agreement for awards made to executive officers in 2008 (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the thirteen weeks ended March 28, 2008.) | |
*10.18
|
Stock Option Agreement. Form of agreement used for award in 2007 of non-incentive stock options to chief executive officer under the Graco Inc. Amended and Restated Stock Incentive Plan (2006). (Incorporated by reference to Exhibit 10.1 to the Companys Report on Form 10-Q for the thirteen weeks ended March 30, 2007.) Amended form of agreement for awards made to chief executive officer in 2008 (Incorporated by reference to Exhibit 10.2 to the Companys Report on Form 10-Q for the thirteen weeks ended March 28, 2008.) | |
*10.19
|
Executive Deferred Compensation Agreement. Form of supplementary agreement entered into by the Company which provides a retirement benefit to one executive officer, as amended by First Amendment, effective September 1, 1990. (Incorporated by reference to Exhibit 3 to the Companys Report on Form 8-K dated March 11, 1993.) As |
6
Table of Contents
further amended by agreement, effective December 4, 2008. (Incorporated by reference to Exhibit 10.19 to the Companys 2008 Annual Report on Form 10-K.) | ||
*10.20
|
Executive Officer Restricted Stock Agreement. Form of agreement used to award restricted stock to selected executive officers. (Incorporated by reference to Exhibit 10.20 to the Companys 2007 Annual Report on Form 10-K.) | |
*10.21
|
Election Form. Form of agreement used for the issuance of stock or deferred stock in lieu of cash payment of retainer and/or meeting fees to nonemployee directors under the Graco Inc. Stock Incentive Plan. (Incorporated by reference to Exhibit 10.17 to the Companys 2004 Annual Report on Form 10-K.) Amended form of agreement used for the 2006 plan year. (Incorporated by reference to Exhibit 10.4 to the Companys Report on Form 10-Q for the thirteen weeks ended June 29, 2007.) | |
*10.22
|
Election Form. Form of agreement used for the 2007 plan year for the issuance of stock or deferred stock in lieu of cash payment of retainer and/or meeting fees to nonemployee directors under the Graco Inc. Amended and Restated Stock Incentive Plan (2006). (Incorporated by reference to Exhibit 10.5 to the Companys Report on Form 10-Q for the thirteen weeks ended June 29, 2007.) Amended form of agreement used for the 2008 plan year. (Incorporated by reference to Exhibit 10.22 to the Companys 2007 Annual Report on Form 10-K.) Amended form of agreement used for 2009 plan year. (Incorporated by reference to Exhibit 10.22 to the Companys 2008 Annual Report on Form 10-K.) Amended form of agreement used for 2010 plan year. | |
*10.23
|
Key Employee Agreement. Form of agreement used with chief executive officer. (Incorporated by reference to Exhibit 10.24 to the Companys 2007 Annual Report on Form 10-K.) | |
*10.24
|
Key Employee Agreement. Form of agreement used with executive officers reporting to the chief executive officer. (Incorporated by reference to Exhibit 10.25 to the Companys 2007 Annual Report on Form 10-K.) | |
*10.25
|
Key Employee Agreement. Form of agreement used with executive officer reporting to an executive officer other than the chief executive officer. (Incorporated by reference to Exhibit 10.26 to the Companys 2007 Annual Report on Form 10-K.) | |
*10.26
|
Executive Group Long-Term Disability Policy as revised in 1995. (Incorporated by reference to Exhibit 10.23 to the Companys 2004 Annual Report on Form 10-K.) As enhanced by Supplemental Income Protection Plan in 2004. (Incorporated by reference to Exhibit 10.28 to the Companys Annual Report on Form 10-K.) | |
*10.27
|
Amendment to the 2003 through 2006 Nonstatutory Stock Option Agreements of one nonemployee director. | |
11
|
Statement of Computation of Earnings per share. | |
21
|
Subsidiaries of the Registrant. | |
23
|
Independent Registered Public Accounting Firms Consent. | |
24
|
Power of Attorney. | |
31.1
|
Certification of President and Chief Executive Officer pursuant to Rule 13a-14(a). | |
31.2
|
Certification of Chief Financial Officer and Treasurer pursuant to Rule 13a-14(a). | |
32
|
Certification of President and Chief Executive Officer and Chief Financial Officer and Treasurer pursuant to Section 1350 of Title 18, U.S.C. | |
99
|
Cautionary Statement Regarding Forward-Looking Statements. |
Except as otherwise noted, all documents incorporated by reference above relate to File No.
001-09249.
* | Management Contracts, Compensatory Plans or Arrangements. | |
| Previously filed with 2009 Annual Report on Form 10-K filed on February 16, 2010. |
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Table of Contents
Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of certain instruments defining the
rights of holders of certain long-term debt of the Company and its subsidiaries are not filed as
exhibits because the amount of debt authorized under any such instrument does not exceed 10 percent
of the total assets of the Company and its subsidiaries. The Company agrees to furnish copies
thereof to the Securities and Exchange Commission upon request.
8