Current Report Filing (8-k)
December 23 2016 - 4:07PM
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 23, 2016
Commission file number
1-10948
OFFICE DEPOT, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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59-2663954
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(State or other jurisdiction
of incorporation or organization)
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(I.R.S. Employer
Identification No.)
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6600 North Military Trail,
Boca Raton, Florida
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33496
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(Address of principal executive offices)
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(Zip Code)
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(561)
438-4800
(Registrants telephone number, including area code)
Former name or former address, if changed since last report: N/A
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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☐
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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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☐
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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
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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 December 23, 2016, the Compensation Committee of Office Depot, Inc. (the Company) approved amendments to certain outstanding awards made
under the Companys long-term incentive plans to the Companys Executive Vice President and Chief Financial Officer, Stephen Hare. The amendments permit continued vesting on outstanding RSUs awarded in fiscal years 2016 and 2017 and
outstanding PSUs awarded in fiscal years 2016 and 2017 (the Eligible PSUs) in the event the executive voluntarily terminates his employment with the Company after March 31, 2018. Any payout in the Eligible PSUs will be based on
actual performance as certified by the Compensation Committee.
Payment of each amended award will be made in accordance with the applicable award
agreements existing payment schedule and, except as described in this Current Report, all other terms related to such awards will continue to apply.
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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OFFICE DEPOT, INC.
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Date: December 23, 2016
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By:
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/s/ Stephen R. Calkins
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Stephen R. Calkins
Executive Vice President,
Chief Legal Officer & Corporate Secretary
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