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CBK > SEC Filings for CBK > Form 8-K/A on 29-Nov-2012All Recent SEC Filings

Show all filings for CHRISTOPHER & BANKS CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K/A for CHRISTOPHER & BANKS CORP


29-Nov-2012

Change in Directors or Principal Officers, Regulation FD Disclosure, F


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

Effective November 26, 2012, in connection with Ms. Via's commencement of employment, Ms. Via was granted two "employee inducement awards"(as defined in NYSE Rule 303A.08) as follows:

an annual incentive non-qualified stock option of 500,000 shares of the Company's common stock at an exercise price of $3.43, which option shall become exercisable in full on February 1, 2014, if Ms. Via remains employed through that date; and

a long-term incentive non-qualified stock option of 1.5 million shares of the Company's common stock at an exercise price of $3.43. This option will vest as to 500,000 shares on each of November 26, 2013, November 26, 2014 and November 26, 2015, if Ms. Via remains employed through each of the vesting dates.

In each case, vesting under the option will be accelerated in the event of a change-in-control, as defined in the applicable stock option agreement.

The foregoing summary of the stock options is qualified in its entirety by reference to the annual incentive option and the long-term option agreements, copies of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K/A and incorporated herein by reference.



Item 7.01 Regulation FD Disclosure.

A press release, dated November 27, 2012, announcing Ms. Via's "employee inducement awards" is attached as Exhibit 99.1 to this Current Report on Form 8-K/A and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Annual Incentive Non-Qualified Stock Option Agreement effective as of November 26, 2012 between LuAnn Via and Christopher & Banks Corporation.

10.2 Long-Term Incentive Non-Qualified Stock Option Agreement effective as of November 26, 2012 between LuAnn Via and Christopher & Banks Corporation.

99.1 Press Release issued by Christopher & Banks Corporation dated November 27, 2012.


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