- Current report filing (8-K)
October 20 2008 - 4:25PM
Edgar (US Regulatory)
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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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WASHINGTON, DC 20549
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FORM 8-K
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CURRENT REPORT
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Pursuant to Section 13
or 15(d) of the
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Securities Exchange Act
of 1934
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Date
of Report:
October 14, 2008
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(Date
of earliest event reported)
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STEVEN
MADDEN, LTD.
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(Exact
Name of Registrant as Specified in Charter)
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Delaware
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000-23702
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13-3588231
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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52-16
Barnett Avenue, Long Island City, New York 11104
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(Address
of Principal Executive Offices) (Zip Code)
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Registrants
telephone number, including area code:
(718) 446-1800
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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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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.
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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
October 14, 2008, Steven Madden, Ltd. (the Company) and Awadhesh Sinha, Chief
Operating Officer of the Company, entered into Amendment No. 2 (Amendment No.
2) to that certain Employment Agreement, dated as of June 15, 2005 (the
Original Agreement), between Mr. Sinha and the Company (see Exhibit 10.1 to
the Companys Form 8-K dated June 21, 2005), as amended on November 6, 2007
(Amendment No. 1) (see Exhibit 10.1 to the Companys Form 8-K dated November
6, 2007) (the Original Agreement, as amended by Amendment No. 1 and Amendment
No. 2, are collectively referred to as the Employment Agreement). Among other
things, Amendment No. 2 (i) extends the term of the Employment Agreement until
December 31, 2010, subject to earlier termination as provided in the Employment
Agreement, (ii) provides that Mr. Sinhas annual base salary is fixed at
$540,000 (which is equal to the base salary amount currently payable to him
pursuant to the Original Agreement), (iii) amends the bonus provisions of the
Employment Agreement, which generally provide that any bonuses thereunder shall
be based on a percentage of the Companys net earnings before interest and
taxes, (iv) provides for certain deferred compensation with respect to 2008,
2009 and 2010, (v) provides for an automobile allowance, (vi) amends the
definition of Change of Control, and (vii) includes certain other changes
based on changes in tax law. Amendment No. 2 is effective as of October 1,
2008.
The
foregoing description of the Amendment does not purport to be complete and is
qualified in its entirety by reference to the full text of the Amendment filed
as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated by
reference herein.
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Item 9.01
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Financial Statements and Exhibits.
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10.1
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Agreement,
dated October 14, 2008, between Steven Madden, Ltd. and Awadhesh Sinha.
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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.
Dated: October 20, 2008
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STEVEN MADDEN, LTD.
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By:
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/s/ Edward R. Rosenfeld
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Edward R. Rosenfeld
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Chief Executive Officer
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