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| GCO > SEC Filings for GCO > Form 8-K on 25-Jul-2012 | All Recent SEC Filings |
25-Jul-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On July 23, 2012, Genesco Inc. (the "Company") entered into Amendment No. 5 to Trademark License Agreement (U.S. Dockers®) (the "Amendment") with Levi Strauss & Co. The Amendment extends the term of the Trademark License Agreement dated August 9, 2000, as previously amended (the "Agreement"), under which the Company sources and markets men's footwear in the United States under the Dockers ® trademark, for an additional three-year term, expiring November 30, 2015, subject to renewal for an additional three-year term at the Company's option if net sales under the Agreement are at least $81 million in the annual period beginning December 1, 2013. The Amendment also provides for an increase in earned royalty rate from the existing level for "First Quality" products of 0.25% in annual period 2014 and an additional increase of 0.10% in 2015. The earned royalty percentage will increase by an additional 0.15% for the renewal term, if any. Except for the extension of the term and renewal option and the change to the earned royalty percentage for "First Quality" products, the material terms and conditions of the Agreement are unchanged.
The foregoing is only a brief description of the Amendment and does not purport to be complete and is qualified in its entirety by reference to the Amendment which is attached as Exhibit 10.1 to this Current Report on Form 8-K.
The following exhibit is attached hereto:
(d) Exhibits
Exhibit
Number Description
10.1 Amendment No. 5 to Trademark License Agreement, dated July 23, 2012,
by and between Levi Strauss & Co. and Genesco Inc. (confidential
treatment has been requested)
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