Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
JAH > SEC Filings for JAH > Form 8-K on 21-May-2009All Recent SEC Filings

Show all filings for JARDEN CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for JARDEN CORP


21-May-2009

Other Events


Item 8.01 Other Events.

As previously announced on April 16, 2009, the Board of Directors (the "Board") of Jarden Corporation (the "Company") approved the early termination, effective November 18, 2009, of the Company's Stockholder Rights Plan (the "Plan"), which was adopted in November 2008. The rights distributed pursuant to the Plan otherwise would have expired on November 19, 2011. The Board has indicated that it does not intend to extend the Plan beyond the announced termination date; however, in the event the Board later decides to permit the Plan to continue beyond the early termination date, the Company has committed to submit the Plan to a vote of the Company's stockholders at the 2010 Annual Meeting of Stockholders.

In addition, in response to questions from the investment community in advance of the Company's upcoming 2009 Annual Meeting of Stockholders (the "2009 Annual Meeting"), the Company wishes to clarify its position relative to repricing of options. Under the terms of the proposed Jarden Corporation 2009 Stock Incentive Plan (the "Stock Incentive Plan"), the approval of which is subject to a vote of the Company's stockholders at the upcoming 2009 Annual Meeting, options granted under the Stock Incentive Plan may not be repriced, replaced or regranted through cancellation or by lowering the exercise price of a previously granted award without prior approval of the Company's stockholders (except for adjustments upon the occurrence of certain extraordinary corporate transactions). Although Section 15 of the proposed Stock Incentive Plan provides that the Company may buy back option awards previously granted with payment in cash, shares or other consideration, the Company has not repriced or repurchased options under its existing stock incentive plan, and it is not management's intention to use the provisions of the proposed Stock Incentive Plan allowing the repurchase of awards to effectively reprice options without a vote of the Company's stockholders. Accordingly, the Company has adopted a policy that it will not repurchase underwater options (i.e., those options with an exercise price above the then-current market price of the Company's common stock) under the Stock Incentive Plan for cash, shares or other consideration.


  Add JAH to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for JAH - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.