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CACH > SEC Filings for CACH > Form 8-K on 29-Apr-2013All Recent SEC Filings

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Form 8-K for CACHE INC


29-Apr-2013

Change in Directors or Principal Officers


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

Officer Appointment

On April 23, 2013, Arnold Cohen, age 57, joined Cache, Inc. (the "Company") as Executive Vice President, Chief Marketing Officer. Mr. Cohen brings over 30 years of retail industry experience to the Company, working with many iconic brands, including J. Crew, Gucci USA, American Eagle Outfitters, Taryn Rose and DSW, among others. Since 2004, Mr. Cohen has been the managing director of Raspberry Red, a consulting firm focused on digital strategies and web marketing. Since 2006, Mr. Cohen has been a partner and director of Violife. Since 2009, Mr. Cohen has served as a partner in Adrianna Jovine Designs. Mr. Cohen has also served as an executive and consultant for American Eagle Outfitters, where he developed and/or led innovative strategic initiatives.

In connection with his hiring, the Company and Mr. Cohen entered into an offer letter. The offer letter provides that Mr. Cohen will have an initial annual base salary of $450,000. Mr. Cohen is guaranteed 20% of his base salary as a bonus at the end of 2013 with the potential to earn a bonus of up to 40% of his base salary based on performance. Additionally, the Company will grant Mr. Cohen 100,000 shares of restricted stock, 50,000 shares of which are time based and 50,000 shares of which are performance based. The restricted shares will be subject to vesting over a three year period.


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