Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
JAH > SEC Filings for JAH > Form 8-K on 4-Jan-2013All Recent SEC Filings

Show all filings for JARDEN CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for JARDEN CORP


4-Jan-2013

Entry into a Material Definitive Agreement, Change in Directors or Principal Officers


Item 1.01 Entry into a Material Definitive Agreement.

On January 2, 2013, Jarden Corporation (the "Company") entered into restricted stock agreements with each of Martin E. Franklin, Executive Chairman, Ian G.H. Ashken, Vice Chairman and Chief Financial Officer, and James E. Lillie, Chief Executive Officer. See Item 5.02 below, which is incorporated into this Item 1.01 by reference, for a description of such restricted stock agreements.



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

(e)

On January 2, 2013, each of Messrs. Franklin, Ashken and Lillie entered into restricted stock agreements, in satisfaction of the requirements of each of their respective employment agreements, pursuant to which the Company granted 300,000 shares of restricted stock (the "Franklin Performance Shares") to Mr. Franklin (the "Franklin Agreement"), 135,000 shares of restricted stock (the "Ashken Performance Shares") to Mr. Ashken (the "Ashken Agreement"), and 135,000 shares of restricted stock (the "Lillie Performance Shares", and together with the Franklin Performance Shares and the Ashken Performance Shares, the "Performance Shares") to Mr. Lillie (the "Lillie Agreement", and together with the Franklin Agreement and the Ashken Agreement, the "Restricted Stock Agreements"). The Performance Shares were granted under the Company's 2009 Stock Incentive Plan.

In accordance with the terms of the Restricted Stock Agreements, the restrictions on the Performance Shares will lapse on the earlier to occur of:
(i) the last day of any five consecutive trading day period during which the average closing price of the Company's common stock on the New York Stock Exchange (or such other securities exchange on which the Company's common stock may then be traded) equals or exceeds fifty-five dollars ($55.00) per share, or
(ii) the date there is a Change in Control of the Company (as defined in their respective employment agreements).

Except as otherwise provided in the respective employment agreements, in the event any of Messrs. Franklin's, Ashken's or Lillie's employment is terminated by the Company or voluntarily by the respective executive, he will surrender all unvested Performance Shares issuable pursuant to the Restricted Stock Agreements.

Copies of the Franklin Agreement, the Ashken Agreement and the Lillie Agreement are attached to this report as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference as though fully set forth herein. The foregoing summary description of the Restricted Stock Agreements is not intended to be complete and is qualified in its entirety by the complete text of the respective Restricted Stock Agreements.




Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                  Description

10.1              Restricted Stock Agreement, dated January 2, 2013, between the
                  Company and Martin E. Franklin.

10.2              Restricted Stock Agreement, dated January 2, 2013, between the
                  Company and Ian G.H. Ashken.

10.3              Restricted Stock Agreement, dated January 2, 2013, between the
                  Company and James E. Lillie.


  Add JAH to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for JAH - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.