Form 8-K Lumber Liquidators Holdi For: Jun 12
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): June 12, 2015
___________
Lumber Liquidators Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation)
|
001-33767 (Commission File Number) |
27-1310817 (I.R.S. Employer Identification No.)
| |
3000 John Deere Road Toano, Virginia (Address of principal executive offices) |
23168 (Zip Code) | ||
Registrant’s telephone number, including area code: (757) 259-4280
Not applicable
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 June 12, 2015, Marco Q. Pescara, the Registrant’s Chief Marketing Officer, was promoted to Chief Merchandising and Marketing Officer effective June 19, 2015. In connection with his promotion, Mr. Pescara’s annual base salary will be increased to $433,628 and it is expected that the compensation committee will grant him an equity award, consisting of 75% options and 25% restricted stock, with a total cumulative value of $300,000. This equity award is expected to have a ratable, four year vesting period. Mr. Pescara will remain eligible to participate in the Registrant’s incentive plans and, pursuant to the Registrant’s annual bonus plan, will continue to have a target payout of 60% of his annual base salary with an opportunity to earn a maximum of 200% of this target payout.
On June 12, 2015, it was determined that the employment of William K. Schlegel, the Registrant’s Chief Merchandising Officer, will be terminated effective June 19, 2015.
A press release announcing these changes is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. | Description |
99.1 | Press Release dated June 15, 2015. |
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.
LUMBER LIQUIDATORS HOLDINGS, INC. (Registrant) | ||
Date: June 15, 2015 | By: | /s/ E. Livingston B. Haskell |
E. Livingston B. Haskell Secretary and General Corporate Counsel |
Exhibit Index
Exhibit No. | Description |
99.1 | Press Release dated June 15, 2015. |
Exhibit 99.1
Lumber Liquidators Integrates Leadership Of Marketing And Merchandising Departments
TOANO, Va., June 15, 2015 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced that it is integrating the leadership of its merchandising and marketing departments. Marco Q. Pescara, the Company's Chief Marketing Officer since 2006, has been promoted to serve as the Company's Chief Merchandising and Marketing Officer effective June 19, 2015. As the Company's Chief Marketing Officer, Mr. Pescara developed the brand and customer strategy to communicate and deliver the Company's core value proposition through all areas of marketing. In his new position, Mr. Pescara will lead the Company's marketing and merchandising functions to provide a cohesive message and product assortment to the Company's customers.
Thomas D. Sullivan, Founder and Acting Chief Executive Officer, commented, "Over the last nine years, Marco has played a critical role in the Company's growth and development by maintaining a consistent focus on service to our customers. He has been instrumental in creating a team approach to the Company's overall sales strategy involving marketing, merchandising, store operations and finance. By coordinating the merchandising and marketing departments under his leadership, I believe we will be better situated to identify and satisfy customer demand for our assortment of flooring products and accessories. Since I started the Company more than twenty years ago, we have been providing quality floors at great prices and in his new role, Marco will be in a positon to ensure we continue to do so in the future."
The employment of William K. Schlegel, the Company's Chief Merchandising Officer, will be terminated effective June 19, 2015.
About Lumber Liquidators
With more than 360 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 400 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.
With premier brands including Bellawood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD.
Lumber Liquidators aims to be the industry leader in sustainability. For more information, please visit www.LumberLiquidators.com/Sustainability. Learn more about our corporate giving program at LayItForward.LumberLiquidators.com. You can also follow the Company on Facebook and Twitter.
For further information contact:
Lumber Liquidators Investor Relations
Ashleigh McDermott
Tel: 757.566.7512
Logo - http://photos.prnewswire.com/prnh/20130529/NY21644LOGO
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Irish Residential Properties Sub-Fund 1: Form 8.3 - Irish Residential Properties REIT PLC
- QPR Software Plc Interim report January–March 2024
- Nykode Therapeutics Initiates Phase 2 Trial of VB10.16 in Second Line HPV16-Positive Cervical Cancer
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!