- Current report filing (8-K)
January 05 2010 - 4:17PM
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):
December 31, 2009
CROCS,
INC.
(Exact name of
Registrant as specified in its charter)
Delaware
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0-51754
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20-2164234
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(State or other
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(Commission
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(I.R.S. Employer
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jurisdiction
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File Number)
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Identification
No.)
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of
incorporation)
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6328
Monarch Park Place
Niwot, Colorado
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80503
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(Address of
principal executive offices)
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(Zip Code)
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Registrants
telephone number, including area code:
(303) 848-7000
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:
o
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
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o
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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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o
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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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Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On December 31, 2009, Erik Rebich
resigned as Vice President, General Counsel and Secretary of Crocs, Inc.
(the Company). Effective January 1, 2010, Daniel P. Hart, the Companys
current Executive Vice President,
Administration and Corporate Development will serve as Executive Vice
President, Chief Legal and Administrative Officer and Secretary of the Company.
In connection with Mr. Rebichs
resignation, the Company and Mr. Rebich entered into a Confidential
Separation Agreement and General Release dated December 31, 2009 (the Separation
Agreement). Pursuant to the Separation Agreement, the Company will pay Mr. Rebich
$375,000, which equates to one years annual salary and target 2009 bonus. In
addition, the Company agreed to accelerate the vesting of 33,334 unvested
shares of restricted stock held by Mr. Rebich. Mr. Rebich will also
be entitled to participate in certain health insurance programs applicable to
officers who retire from the Company. The Separation Agreement provides for a
general release and waiver of all claims held by Mr. Rebich relating to the
Company and an agreement by Mr. Rebich to treat certain information
regarding the Company as confidential.
Mr. Rebich has also agreed to serve as a
consultant to the Company to provide transition assistance through December 31,
2010, unless the consulting relationship is terminated by the Company prior
thereto.
2
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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CROCS, INC.
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Date:
January 4, 2010
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By:
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/s/ Daniel P.
Hart
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Daniel P. Hart
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Executive
Vice President,
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Chief
Legal and Administrative Officer
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3
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