- Current report filing (8-K)
February 07 2012 - 9:53AM
Edgar (US Regulatory)
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): February 1, 2012
IMPERIAL SUGAR COMPANY
(Exact name of registrant as specified in its charter)
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TEXAS
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000-16674
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74-0704500
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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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ONE IMPERIAL SQUARE
P. O. BOX 9
SUGAR LAND, TEXAS
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77487
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(Address of principal executive offices)
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(Zip Code)
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(281) 491-9181
(Registrants telephone number, including area code)
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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Item 5.02. Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On February 1, 2012, the Executive Compensation Committee of the Board of
Directors of Imperial Sugar Company (the Company) amended the Companys severance plan to provide severance benefits of six months base salary for vice presidents and 12 months base salary for officers at the level of senior vice
president and above who, in each case, do not have existing agreements providing for severance in the event of involuntary termination absent a change in control. The amendment also provided that Company paid healthcare continuation benefits will be
provided to officers for 12 months pursuant to the severance plan unless healthcare continuation is provided under another agreement. Further the amendment clarified that cash severance benefits will not be payable under the severance plan if the
officer is entitled to cash severance benefits under another agreement. The severance plan provides that it may not be amended or terminated within one year after any change of control and requires the officer execute a release of the Company from
liability in exchange for the cash severance.
Item 9.01 Financial Statements and Exhibits
Exhibit 10 - Imperial Sugar Company Severance Plan
SIGNATURE
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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IMPERIAL SUGAR COMPANY
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Date: February 7, 2012
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By:
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/s/ H. P. Mechler
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H. P. Mechler
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Senior Vice President and Chief Financial Officer
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