Summary of ROCK-TENN CO - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 -Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Transition and Consulting Agreement with James L. Einstein

On September 9, 2009, Rock-Tenn Company (the "Company") entered into a Transition and Consulting Agreement (the "Agreement") with James L. Einstein, Executive Vice President and General Manager of Alliance Display, concerning his continued employment through January 1, 2010 and his consulting arrangement from January 2, 2010 through December 31, 2010.

Pursuant to the Agreement, Mr. Einstein will continue to serve as Executive Vice President and General Manager of Alliance Display through September 30, 2009. From October 1, 2009 through January 1, 2010, Mr. Einstein will serve as Chairman of Alliance Display. Mr. Einstein will continue to be an employee of Rock-Tenn Services Inc. through January 1, 2010, pursuant to his existing arrangements. In the Agreement, Mr. Einstein tenders his resignation as an employee and officer of the Company and any of its Affiliates (as defined in the Agreement), and the Company accepts such resignation, in each case effective as of the end of the day on January 1, 2010. If Mr. Einstein's employment continues until January 1, 2010, subject to approval of the Compensation Committee of the Board of Directors of the Company, (a) Mr. Einstein's options to acquire 3,967 shares of Class A Common Stock, which are scheduled to vest on May 10, 2010, will vest on January 1, 2010, (b) 20,400 shares of restricted stock, 10,200 shares of which are scheduled to vest on May 8, 2010 and 10,200 shares of which are scheduled to vest on May 8, 2011, in each case will vest on January 1, 2010 and (c) 9,600 shares of restricted stock, which are scheduled to vest on March 31, 2010, will vest at "Target" on January 1, 2010.

From January 2, 2010 through December 31, 2010, Mr. Einstein will serve as a consultant and will perform the Consulting Services (as defined in the Agreement). As consideration for performing the Consulting Services, Mr. Einstein will be paid an aggregate consulting fee of $200,000, payable in equal monthly installments, plus $500 per month to cover office related expenses.

In the Agreement, Mr. Einstein has agreed that during his employment, his consulting engagement and for a period of two years thereafter, he will not compete against Alliance Display or solicit customers or employees of Alliance Display, all as more specifically set forth in the Agreement. Mr. Einstein also has agreed to certain obligations regarding confidential information of the Company and its Affiliates, as more fully described in the Agreement.

A copy of the Agreement is attached hereto as Exhibit 99.1 and incorporated into this Item 5.02 by reference, and the foregoing summary of the Agreement is qualified in its entirety by reference to Exhibit 99.1.

-Item 601 of Regulation S-K does not require the Agreement to be attached, but attaching the Agreement is permitted and allows us to incorporate the terms into the 8-K, and is consistent with the Company's past practice.