Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 10, 2009, G&K Services, Inc. (the "Company") amended its Executive
Employment Agreements with each of Timothy N. Curran, the Company's Senior Vice
President, U.S. Field, Douglas A. Milroy, the Company's President, Direct
Purchase and Business Development, Robert G. Wood, the President of G&K Services
Canada, Inc., and Jeffrey L. Wright, the Company's Senior Vice President and
Chief Financial Officer (each of Messrs. Curran, Milroy, Wood and Wright
referred to herein as an "Employee," and each such amendment referred to herein
as an "Amendment"). Each Amendment was effective as of January 1, 2009.
Each Amendment ensures that payments due to an Employee as a result of a Change
in Control, as such term is defined in the Executive Employment Agreement, will
be in compliance with the requirements of Section 409A of the Internal Revenue
Code. The foregoing summary of each Amendment is subject to the actual terms of
each such Amendment.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
10.1 Amendment to Executive Employment Agreement, dated April 10, 2009,
between G&K Services, Inc. and Timothy N. Curran
10.2 Amendment to Executive Employment Agreement, dated April 10, 2009,
between G&K Services, Inc. and Douglas A. Milroy.
10.3 Amendment to Executive Employment Agreement, dated April 10, 2009,
between G&K Services, Inc. and Robert G. Wood.
10.4 Amendment to Executive Employment Agreement, dated April 10, 2009,
between G&K Services, Inc. and Jeffrey L. Wright.