Current Report Filing (8-k)
March 13 2017 - 10:53AM
Edgar (US Regulatory)
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): March 9,
2017
SUNOPTA INC.
(Exact name
of registrant as specified in its charter)
Canada
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001-34198
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Not Applicable
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(State or other jurisdiction of
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(Commission File Number)
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(IRS Employer Identification
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incorporation)
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No.)
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2233 Argentia Road, Suite 401
Mississauga, Ontario,
L5N 2X7, Canada
(Address of Principal Executive Offices)
(905) 821-9669
(Registrant's telephone
number, including area code)
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:
[ ] 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
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF
CERTAIN OFFICERS.
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On March 9, 2017, SunOpta Inc.
(the Company) and David J. Colo, President and Chief Executive Officer (CEO)
of the Company entered into a Restricted Stock Award Agreement (the Agreement)
whereby the Company granted Mr. Colo 50,000 restricted stock units (the Special
RSUs). The Special RSUs will vest in three equal annual installments beginning
February 6, 2018. Each vested Special RSU will entitle Mr. Colo to receive one
common share of the Company.
The Company entered into the
Agreement with Mr. Colo in accordance with the terms of the Employment Agreement
between the Company and Mr. Colo, pursuant to which the Company agreed to issue
50,000 Special RSUs to Mr. Colo if he purchased an aggregate value of $1,000,000
of the Companys common shares in the open market by the later of (i) March 17,
2017 or (ii) the date that is the 10th stock trading date after February 6, 2017
that Mr. Colo was eligible to purchase common shares under the Companys insider
trading policy. Mr. Colo satisfied this condition on March 8, 2017. The
Compensation Committee of the Board of Directors of the Company approved the
terms and conditions of the Agreement and the equity award as an inducement
equity award outside the Companys 2013 Stock Incentive Plan, in accordance with
NASDAQ Listing Rule 5635(c)(4).
The description of the Agreement
is qualified in its entirety by the complete terms and conditions of the
document, which is filed as an exhibit herewith.
ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS.
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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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SUNOPTA INC.
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By:
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Jill Barnett
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Vice President and General Counsel
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Date:
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March 13, 2017
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