Current Report Filing (8-k)
January 18 2019 - 5:20PM
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): January 15, 2019
GANNETT CO., INC.
(Exact name of registrant as specified
in charter)
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Delaware
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1-36874
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47-2390983
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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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7950 Jones Branch Drive, McLean, Virginia,
22107-0910
(Address of principal executive offices,
including zip code)
(703) 854-6000
(Registrant’s telephone number,
including area code)
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:
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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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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
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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.
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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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In light of Robert J. Dickey’s
plan announced on December 5, 2018 to retire as President and Chief Executive Officer of Gannett Co., Inc. (the “Company”),
in December the Executive Compensation Committee of the Board commenced an evaluation of appropriate retention arrangements with
members of the Company’s senior executive team to secure continuity of leadership during the CEO search process and the subsequent
transition period. As a result of this evaluation, and in consideration of the resignation of Sharon T. Rowlands as President,
USA TODAY NETWORK Marketing Solutions announced on January 7, 2019, the Committee authorized the Company to enter into employment
retention agreements with certain executives, which became effective on January 15, 2019. The executives participating in the retention
arrangement include, among others, Alison K. Engel, Senior Vice President, Chief Financial Officer and Treasurer, and Barbara W.
Wall, Senior Vice President and Chief Legal Officer.
Under the employment retention
agreements, each executive generally will be entitled to receive a cash bonus if the executive remains employed and in good standing
with the Company through April 1, 2020. In addition, the employment retention agreements provide that the applicable executive
will receive the cash retention bonus if he or she is involuntarily terminated without cause, becomes permanently disabled or dies
prior to April 1, 2020, and a prorated portion of the bonus if he or she voluntarily retires during the retention period. No payout
will be made if the executive is terminated for cause.
The foregoing description is qualified in its
entirety by the employment retention agreements, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current
Report on Form 8-K and are incorporated herein.
Item 9.01
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Financial Statements and Exhibits.
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10.1
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Employment Retention Agreement, dated as of January 15, 2019, by and between Gannett Co., Inc. and Alison K. Engel.
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10.2
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Employment Retention Agreement, dated as of January 15, 2019, by and between Gannett Co., Inc. and Barbara W. Wall.
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SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Gannett Co., Inc
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Date: January 18, 2019
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By: /s/ Barbara W. Wall
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Barbara W. Wall
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Senior Vice President and Chief Legal Officer
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