Caribou Coffee Company, Inc. - Current report filing (8-K)
September 03 2008 - 11:16AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): September 2, 2008
CARIBOU COFFEE COMPANY, INC.
(Exact name of registrant as specified in its charter)
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Minnesota
(State or other
jurisdiction of
incorporation
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000-51535
(Commission File Number)
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41-1731219
(I.R.S. Employer
Identification No.)
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3900 Lakebreeze Avenue,
North,
Brooklyn Center, MN
(Address of principal executive
offices)
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55429
(Zip Code)
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Registrants telephone number, including area code:
763-592-2200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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TABLE OF CONTENTS
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
In its Current Report on Form 8-K dated August 1, 2008, the Company announced that Rosalyn
Mallet would cease to serve as the President and Interim Chief Executive Officer of the Company.
In addition, on September 2, 2008 the Company announced that Rosalyn Mallet was resigning as Chief
Operations Officer.
In connection with her departure, on August 29, 2008, the Company entered into a Separation
Agreement with Ms. Mallet. Ms. Mallets last day of employment will be on or before October 31,
2008, as determined by the Company in its sole discretion. Ms. Mallet will provide executive and
consulting services to the Company during this period. Through October 31, 2008, Ms. Mallet will
be paid her regular base salary ($360,000 per annum), and in addition, Ms. Mallet will be paid a
lump sum of $100,000 as consideration for entering into the Separation Agreement. Provided that
Ms. Mallet executes a second release of the Company at the specified time, she will receive
payments equal to 15 months base salary, 3 months of which will be paid her last day of employment
and the remaining 12 months will be paid 6 months and 1 day after her last day of employment. Ms.
Mallet will receive additional payments, including: (a) relocation expenses up to $25,000, (b)
attorneys fees up to $5,000, (c) COBRA coverage for 15 months and (d) outplacement services up to
$2,000 a month for a period of 90 days.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
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Exhibit No.
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Description
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10.1
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Separation Agreement between Caribou Coffee Company,
Inc. and Rosalyn Mallet, dated August 29, 2008
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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.
Date: September 2, 2008
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CARIBOU COFFEE COMPANY, INC.
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By:
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/s/ Kaye R. OLeary
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Kaye R. OLeary
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Acting Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
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Number
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Description
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10.1
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Separation Agreement between Caribou Coffee Company, Inc.
and Rosalyn Mallet, dated August 29, 2008
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