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UNITED STATES |
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FORM 8-K |
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CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 |
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February 27, 2013 |
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Date of report (date of earliest event reported) |
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STEINER LEISURE LIMITED |
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(Exact name of registrant as specified in its charter) |
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Commonwealth of The Bahamas |
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(State or other jurisdiction of incorporation) |
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0-28972 |
98-0164731 |
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(Commission File Number) |
(IRS Employer Identification No.) |
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Suite 104A, Saffrey Square |
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P.O. Box N-9306 |
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Nassau, The Bahamas |
Not Applicable |
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(Address of principal executive offices) |
(Zip Code) |
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(242) 356-0006 |
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(Registrant's telephone number, including area code) |
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Not Applicable |
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(Former name or former address, if changed since last report) |
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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): |
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) At its meeting held on February 27, 2013, the compensation committee (the "Committee") of the board of directors of Steiner Leisure Limited (the "Company") approved the awards of discretionary bonuses for 2012 to certain executive officers of the Company, including certain of the Company's "named executive officers" for purposes of compensation disclosure in the Company's proxy statement for its 2013 annual meeting of shareholders. Sean Harrington, Managing Director of the Company's Elemis Limited subsidiary, received a bonus in the amount of $98,566 and Robert C. Boehm, Executive Vice President and General Counsel of the Company, received a bonus in the amount of $40,000. Mr. Harrington is based in the United Kingdom and is paid in British Pounds Sterling. The dollar amount indicated for Mr. Harrington's bonus is based on the British Pounds Sterling to US Dollars exchange rate in effect on February 27, 2013. The Committee also approved on the above date the awards to Leonard Fluxman, President and Chief Executive Officer of the Company, of 13,106 restricted share units and Stephen Lazarus, Executive Vice President and Chief Financial Officer of the Company, of 6,553 restricted share units. These restricted share units vest in one-third increments on each of the first three anniversaries of the date of grant.
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.
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STEINER LEISURE LIMITED |
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Date: March 1, 2013 |
/s/ Leonard I. Fluxman |
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Leonard I. Fluxman |
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President and Chief Executive Officer |