- Current report filing (8-K)
November 05 2009 - 9:31AM
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):
November 4, 2009
(Exact name of registrant as specified in its charter)
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Ohio
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1-8769
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31-4362899
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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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13405 Yarmouth Road N.W., Pickerington, Ohio 43147
(Address of principal executive offices) (Zip Code)
(Registrants telephone number, including area code)
(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):
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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))
Section 5 Corporate Governance and Management
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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The Compensation Committee of the Board of Directors (the Board) of R.G. Barry Corporation
(the Company) has adopted the R. G. Barry 2010 Management Bonus Plan (the 2010 Bonus Plan).
Certain employees of the Company, including the named executive officers, are eligible to
participate in the 2010 Bonus Plan. Bonuses under the plan are based on the achievement of Company
performance objectives (based on pre-incentive, pre-tax income) in fiscal year 2010 at varying
levels. Upon the achievement of these objectives, a participant will receive a bonus based on a
percentage of his or her annual salary. Potential bonus levels of the Companys named executive
officers under the 2010 Bonus Plan range from 10% to 140% of a participants fiscal year 2010
annual base salary, depending upon the participants position with the Company. The threshold,
target and maximum potential bonuses (if applicable objectives are met) of the Companys named
executive officers are indicated below:
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Potential Bonus
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(as % of Annual Base Salary)
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Name
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Position
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Threshold
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Target
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Maximum
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Greg A. Tunney
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President and Chief
Executive Officer
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25.0
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60.0
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140.0
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Jose Ibarra
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Sr. Vice President
Finance, Chief Financial
Officer and Secretary
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17.5
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30.0
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70.0
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Glenn Evans
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Sr. Vice President
Sourcing and Logistics
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12.5
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25.0
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60.0
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Lee Smith
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Sr. Vice President
Creative Services
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12.5
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25.0
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60.0
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Thomas Konecki
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President Private Brands
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10.0
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20.0
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48.0
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The approval of the 2010 Bonus Plan by the Compensation Committee shall not be deemed to
create an enforceable agreement between the Company and any eligible participant, and the Board
retains the discretion to change the design of, and participants in, the 2010 Bonus Plan without
notice to or approval of participants. No entitlement to payments under the 2010 Bonus Plan will
exist until the payments are authorized by the Board.
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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R. G. BARRY CORPORATION
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November 4, 2009
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By:
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/s/ Gary L. Sandefur
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Gary L. Sandefur
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Corporate Controller
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