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| CENT > SEC Filings for CENT > Form 8-K on 8-Sep-2009 | All Recent SEC Filings |
8-Sep-2009
Change in Directors or Principal Officers, Financial Statements and Exhib
On September 1, 2009, Central Garden & Pet Company (the "Company") issued a press release announcing the appointment of Jeffrey A. Blade as Chief Financial Officer of the Company effective September 8, 2009. A copy of the press release is attached hereto as Exhibit 99.1.
The offer letter relating to his appointment provides for a salary of $400,000 and an annual bonus targeted at 50% of his base compensation, subject to his and the Company's performance. In addition, Mr. Blade will receive a grant of 40,000 restricted shares of the Company's Class A Common Stock and 50,000 performance based stock options. If the Company terminates Mr. Blade without "cause," he will be entitled to severance pay of his base salary for a nine-month period.
The foregoing discussion is qualified in its entirety by the specific terms of the offer letter, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K. The offer letter is incorporated herein by reference.
Mr. Blade, age 48, has not held any previous position with the Company and will serve at the pleasure of the Board of Directors. There was no arrangement or understanding between him and other person pursuant to which he was to be selected as an officer, and Mr. Blade has no family relationship with any officer or director of the Company. Prior to joining Central, Mr. Blade served as the Interim President of The Steak 'N Shake Company, a publicly-traded restaurant company, from March 2008 to July 2008, as its Executive Vice President, Chief Financial & Administrative Officer from 2007 to July 2008, and as its Senior Vice President and Chief Financial Officer from 2004 to 2007. From 1999 to 2004, Mr. Blade was Vice President of Finance for the U.S. operations of Cott Corporation. There is no information about Mr. Blade required by Item 404(a) of Regulation S-K.
10.1 Employment Offer Letter between Jeffrey A. Blade and Central Garden & Pet
Company, dated September 1, 2009.
99.1 Press Release dated September 1, 2009.
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