Current Report Filing (8-k)
May 18 2018 - 9:01AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON
,
DC
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):
May
17, 2018
PIER 1 IMPORTS, INC.
(Exact
Name of Registrant as Specified in Charter)
DELAWARE
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001-07832
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75-1729843
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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100 Pier 1 Place
Fort Worth, Texas
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76102
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code
817-252-8000
N/A
(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 (
see
General Instruction A.2. below):
⃞
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
§240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(e) Effective May 17, 2018, Pier 1 Services Company, a wholly-owned
subsidiary of Pier 1 Imports, Inc. (collectively referred to as the
“Company”), entered into an Agreement for Severance Benefits and for
Release, Waiver and Non-Disclosure (the “Agreement”) with Catherine
David, the Company’s former Executive Vice President, Merchandising, who
resigned from the Company effective May 1, 2018. The Agreement provides
for a lump sum payment in the amount of $504,927 (less applicable taxes
and withholding amounts) following the expiration of the revocation
period, which expired on May 16, 2018, based on the date of Ms. David’s
execution and delivery of the Agreement. In addition, Ms. David is
entitled to her vested benefits under the Pier 1 Benefit Restoration
Plan II, the Pier 1 Imports, Inc. Deferred Compensation Plan, the Pier 1
Associates’ 401(k) Plan and the Pier 1 Imports, Inc. Stock Purchase
Plan. All of Ms. David’s outstanding unvested time-based and
performance-based restricted stock grants as of May 1, 2018 were
forfeited in connection with her resignation.
Pursuant to the Agreement, Ms. David is subject to agreements regarding
non-disclosure of the Company’s confidential information and trade
secrets and non-disparagement.
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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PIER 1 IMPORTS, INC.
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Date:
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May 18, 2018
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By:
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/s/ Michael A. Carter
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Michael A. Carter, Executive Vice President Compliance
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and General Counsel, Secretary
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