Item 8.01 Other Events.
On March 18, 2009, the Management Development and Compensation Committee of the
Company's Board of Directors approved changes to the compensation planning
process to consolidate and streamline compensation planning for the Company's
employees. As a result of the changes, beginning for fiscal year 2010, equity
compensation awards to management employees under the Company's Long-Term
Incentive Plan (except for off-cycle recruiting and retention awards) will be
granted as of the first New York Stock Exchange business day in the month of
December and will no longer be granted on the first business day of the
Company's fiscal year. Accordingly, in the future, stock option grants to
management employees (except for recruiting and retention awards) will be made
as of the first New York Stock Exchange business day in December and will have
an exercise price based on the closing market price of a share of the Company's
common stock on such date.
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