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JWN > SEC Filings for JWN > Form 8-K on 14-Nov-2012All Recent SEC Filings

Show all filings for NORDSTROM INC

Form 8-K for NORDSTROM INC


14-Nov-2012

Other Events, Financial Statements and Exhibits


ITEM 8.01 Other Events.

On November 13, 2012, the Compensation Committee (the "Committee") of the Board of Directors of Nordstrom, Inc. (the "Company") approved the form of 2013 Nonqualified Stock Option Grant Agreement. Any stock options granted under this agreement will be pursuant to the terms of the Nordstrom, Inc. 2010 Equity Incentive Plan. Such grants will have a term of ten years with an exercise price equivalent to the fair market value of the Company's stock on the date of grant. Under the terms of the agreement, vesting of any grant would occur at a rate of 25% annually, beginning one year from the date of the grant. A copy of the form of 2013 Nonqualified Stock Option Grant Agreement is attached hereto as Exhibit 10.1.

In addition, on November 13, 2012, the Committee approved the form of 2013 Performance Share Unit Award Agreement. Performance Share Units ("PSUs") are granted pursuant to the terms of the Nordstrom, Inc. 2010 Equity Incentive Plan. PSUs entitle the participant to settle in shares of Company Common Stock, to elect cash in lieu thereof or defer into the Executive Deferred Compensation Plan upon the achievement of such performance goals as may be established by the Committee at the time of grant based on any one or combination of certain performance criteria enumerated in the Plan. If granted, any 2013 PSUs will be earned over a three-year period from fiscal year 2013 through fiscal year 2015. The percentage of PSUs granted that will actually be earned at the end of the three-year period is based on the Company's total shareholder return compared to the total shareholder return of companies in a pre-defined group of retail peers. Additionally, PSUs will only be earned if the Company's total shareholder return for the period is positive. A copy of the form of 2013 Performance Share Unit Award Agreement is attached hereto as Exhibit 10.2.

In addition, on November 13, 2012, the Committee approved the form of 2013 Restricted Stock Unit Award Agreement. Any Restricted Stock Units ("RSUs") granted under this agreement will be pursuant to the terms of the Nordstrom, Inc. 2010 Equity Incentive Plan. RSUs entitle the participant to settle in shares of Company Common Stock after a vesting period set forth in the 2013 Notice of Award of Restricted Stock Units. A copy of the form of 2013 Restricted Stock Unit Award Agreement is attached hereto as Exhibit 10.3.

On November 14, 2012, Nordstrom, Inc. issued a press release announcing that its Board of Directors had approved a quarterly dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Form of 2013 Nonqualified Stock Option Grant Agreement.

10.2 Form of 2013 Performance Share Unit Award Agreement.

10.3 Form of 2013 Restricted Stock Unit Award Agreement.

99.1 Press release of Nordstrom, Inc., dated November 14, 2012.


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