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): August 12, 2014

 

THE MICHAELS COMPANIES, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware
(State or Other Jurisdiction
of Incorporation)

 

001-36501
(Commission
File Number)

 

37-1737959
(IRS Employer
Identification No.)

 

8000 Bent Branch Drive

Irving, Texas 75063

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (972) 409-1300

 


 

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):

 

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 5.02                                           Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers

 

On August 12, 2014, James E. Sullivan, was appointed Vice President — Chief Accounting Officer and Controller of The Michaels Companies, Inc. (the “Company”).  Mr. Sullivan assumes the role of principal accounting officer from Jennifer N. Robinson, who has held the role of principal accounting officer since June 2011.  Ms. Robinson will continue to serve the Company as Vice President — Business Planning & Analysis.

 

Mr. Sullivan, 50, previously served as Vice President —Finance from June 2014.  Prior to joining the Company, he was Controller and Chief Accounting Officer at Zale Corporation from June 2009 to June 2014.

 

Mr. Sullivan will continue to participate in the usual compensation and benefit programs available to a Vice President level officer of the Company.  No arrangement or understanding exists between Mr. Sullivan and any other person pursuant to which Mr. Sullivan was selected as an officer of the Company.

 

There is no family relationship between any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company and Mr. Sullivan.  In addition, since the beginning of the Company’s last fiscal year, there has been no transaction (or series of transactions), and there is no currently proposed transaction (or series of transactions), to which the Company was or is to be a party, in which the amount involved exceeds $120,000 and in which Mr. Sullivan or any member of his immediate family had or will have a direct or indirect material interest.

 

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SIGNATURE

 

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.

 

 

THE MICHAELS COMPANIES, INC.

 

 

 

By:

/s/ Michael J. Veitenheimer

 

 

Michael J. Veitenheimer

 

 

Senior Vice President, Secretary

 

 

and General Counsel

 

 

 

 

Date: August 18, 2014

 

 

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