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Form 8-K CHECKPOINT SYSTEMS INC For: Nov 10

November 12, 2015 6:02 AM EST
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 10, 2015
 
 CHECKPOINT SYSTEMS, INC.
(Exact name of Registrant as specified in its Articles of Incorporation)

 
Pennsylvania
 
22-1895850
 
 
(State of Incorporation)
 
(IRS Employer Identification No.)
 

 
101 Wolf Drive, Thorofare, NJ
 
08086
 
 
(Address of principal executive offices)
 
(Zip Code)
 

 
856-848-1800
 
 
(Registrant’s telephone number, including area code)
 
 
N/A
 
 
(Former name or 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))
 

 


   
 

 
 

 

Item 5.02
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On November 10, 2015, Checkpoint Systems, Inc. (the “Company”) appointed James M. Lucania as Senior Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Lucania, age 36, has been Acting Chief Financial Officer since March 2015. He served as Vice President of Finance and Treasurer of the Company from October 2012 until March 2015.  Prior to joining the Company, from 2009 to 2012, Mr. Lucania worked at Miller Buckfire & Co., LLC, an independent investment bank and advisory firm, where he served most recently as a Vice President and led large-scale corporate restructuring, M&A, and public and private financing transactions.
 
Mr. Lucania will receive a base annual salary of $325,000 and will be eligible to receive a bonus of 75% of his annualized salary based upon achievement.

In connection with his appointment, Mr. Lucania will receive 100,000 stock options under the Company’s 2015 Incentive Award Plan. The stock options will have a ten-year term and vest over three years.

Mr. Lucania will continue to participate in the Company's Long-Term Incentive Compensation Plan, deferred compensation plan and termination policy for executives.  Additionally, Mr. Lucania will continue to participate in benefit programs available to all employees including the Company’s retirement plan and medical plans.
 

Item 9.01
Financial Statements and Exhibits

 
 (d) Exhibits.
 
99.1 Press release dated November 10, 2015.
.
 
 

 


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.
 
 
  Checkpoint Systems, Inc.  
       
Date: November 10, 2015
By:
/s/ Bryan Rowland  
    Name: Bryan Rowland  
    Title: VP, General Counsel & Secretary  
       


Checkpoint Systems, Inc.
101 Wolf Drive
Thorofare, NJ 08086 USA

Tel.: +800-257-5540
Fax: +856-848-0937
www.checkpointsystems.com
 

 
News

COMPANY CONTACT:
James M. Lucania
856-384-2480

 
Checkpoint Systems, Inc. Appoints James M. Lucania
Senior Vice President, Chief Financial Officer and Treasurer

 
Checkpoint Systems, Inc., Thorofare, NJ, November 10, 2015 (NYSE: CKP) announced today the appointment of James M. Lucania as Senior Vice President, Chief Financial Officer and Treasurer, continuing to report to Chief Executive Officer, George Babich effective immediately.
 
Mr. Lucania has been Acting Chief Financial Officer since March 19, 2015.  Previously, Mr. Lucania served as Vice President of Finance and Treasurer of the Company since 2012.  Prior to joining the Company, Mr. Lucania worked at Miller Buckfire, an independent investment bank and advisory firm where he served most recently as a Vice President and led large-scale corporate restructuring, M&A, and public and private financing transactions.
 
“Jim’s performance during the course of the year has proven that he is the appropriate person for this role.  Checkpoint and the finance organization will be energized under Jim’s continued leadership”, said Mr. Babich.
 
Joseph G. Driscoll, Chief Accounting Officer, will now report directly to Mr. Lucania.
 

 
Checkpoint Systems, Inc.
 
Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint's solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading RFID hardware, software, and comprehensive labeling capabilities, to brand, secure and track merchandise from source to shelf. Checkpoint's customers benefit from increased sales and profits by implementing merchandise availability solutions, to ensure the right merchandise is available at the right place and time when consumers are ready to buy.
 
For more information, visit www.checkpointsystems.com.

 

 
 

 



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