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| SPMD > SEC Filings for SPMD > Form 8-K on 29-Jun-2012 | All Recent SEC Filings |
29-Jun-2012
Change in Directors or Principal Officers, Financial Statements and Exhibits
On June 25, 2012, the Employee Benefits Committee (the "Committee") of SuperMedia Inc. (the "Company"), pursuant to, and in accordance with, the recommendation of the Board of Directors of the Company (the "Board"), approved certain amendments to the employee health and welfare plans, including the SuperMedia Management and Non-Union Hourly Plan for Group Insurance (the "Plan"), in which Messrs. Samuel D. Jones, Frank Gatto and Cody Wilbanks, executive officers of the Company, participate. The Plan was amended to provide as follows:
† For Retirees and Their Dependents Not Eligible for Medicare (except certain individuals who are former employees of GTE (the "GTE Retirees")):
† Effective September 1, 2012, the Company will continue the corporate subsidy of the cost of the Plan at 75% of current levels through December 31, 2013, subject to a further modification at the sole option and election of the Board.
† After December 31, 2013, the Company will maintain access-only (100% employee cost) Plan, subject to further amendment, modification, or termination at the sole option and election of the Board.
† For Retirees and Their Dependents Eligible for Medicare (except GTE Retirees):
† Effective September 1, 2012, the Company will terminate the Plan with respect to such persons.
† Facilitate the transition of such persons to Medicare exchanges.
† For GTE Retirees:
† Effective September 1, 2012, the Company will continue the corporate subsidy of the cost of the Plan at 75% of current levels through December 31, 2013, subject to a further modification at the sole option and election of the Board.
† Effective January 1, 2014, the Company will maintain access-only (100% employee cost) Plan, subject to further amendment or modification at the sole option and election of the Board.
† For Retirees Not Eligible for Medicare, Retirees Eligible for Medicare, and GTE Retirees:
† Effective September 1, 2012, the Company will terminate life insurance contributions.
The above summary of the amendment to the Plan is qualified in its entirety by reference to the text of the amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
(d) Exhibits
Exhibit No. Description
10.1 Amendment to the SuperMedia Management and Non-Union Hourly Plan
for Group Insurance.
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