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COLM > SEC Filings for COLM > Form 8-K on 23-Mar-2009All Recent SEC Filings

Show all filings for COLUMBIA SPORTSWEAR CO | Request a Trial to NEW EDGAR Online Pro

Form 8-K for COLUMBIA SPORTSWEAR CO


23-Mar-2009

Change in Directors or Principal Officers


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

(b)
On March 17, 2009, Columbia Sportswear Company (the " Company") announced that Mark J. Sandquist's employment as Vice President of Global Apparel Merchandising and ACE of the Company would be terminated, effective as of March 24, 2009. In accordance with the Company's Change In Control Severance Plan, subject to Mr. Sandquist's agreement to release any claims against the Company and various other conditions, Mr. Sandquist is entitled to receive compensation in the amount of $514,800, and other specified benefits.
(e)
The information set forth under Item 5.02(b) above relating to the severance benefits payable to Mr. Sandquist, subject to the terms of the Company's Change In Control Severance Plan, is incorporated into this Item 5.02(e) by reference.


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