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CXW > SEC Filings for CXW > Form 8-K on 2-Jul-2013All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements and E

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

On June 28, 2013, Brian D. Collins resigned as Executive Vice President, Chief Human Resources Officer of Corrections Corporation of America (the "Company"). In connection with his resignation, Mr. Collins entered into a Separation and Release Agreement (the "Separation Agreement") with the Company pursuant to which he will receive a lump sum severance payment equal to six months of his then current base salary in exchange for, among other matters, a general release of claims in favor of the Company and its affiliates. Mr. Collins will continue to be bound by certain non-competition, non-solicitation and confidentiality provisions set forth in the First Amended and Restated Employment Agreement, dated as of January 1, 2012, between the Company and Mr. Collins, a copy of which was previously filed with the Securities and Exchange Commission.

The foregoing description of the Separation Agreement is qualified in its entirety by reference to the Separation Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

10.1 Separation and Release Agreement.

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