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EX-99.1 - PRESS RELEASE OF THE COMPANY DATED FEBRUARY 17, 2011. - INTERLINE BRANDS, INC./DE | rrd301954_34201.htm |
Delaware
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03-0542659
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] 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))
In connection with his promotion, Mr. Sweder's base salary will be increased from $400,000 to $440,000. No other changes were made to Mr. Sweder's employment agreement. Mr. Sweder was also awarded 11,141 restricted share units and 28,377 stock options. The restricted share units will vest in 25% increments on each of the second, third, fourth and fifth anniversaries of the date of grant, contingent upon the Mr. Sweder's continued employment with the Company on the applicable vesting date or upon a change in control of the Company. The stock options will vest and become exercisable in 25% increments on each of the first, second, third and fourth anniversaries of the date of grant, contingent upon Mr. Sweder's continued employment with the Company on the applicable vesting date or upon a change in control of the Company.
Interline Brands, Inc.
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Date: February 17, 2011
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By:
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/s/ Michael Agliata
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Michael Agliata
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Vice President, General Counsel and Secretary
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Exhibit No.
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Description
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EX-99.1
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Press release of the Company dated February 17, 2011.
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