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LNCE > SEC Filings for LNCE > Form 8-K on 29-Aug-2013All Recent SEC Filings

Show all filings for SNYDER'S-LANCE, INC.



Entry into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement.

On August 23, 2013, Snyder's-Lance, Inc. (the "Company") and Michael A. Warehime and Patricia A. Warehime (the "Warehimes") entered into Amendment No. 4 to Standstill Agreement (the "Amendment"), to amend the previously announced Standstill Agreement entered into by the parties on July 21, 2010, as amended by Amendment No. 1 to Standstill Agreement, Amendment No. 2 to Standstill Agreement and Amendment No. 3 to Standstill Agreement, effective as of September 30, 2010, September 20, 2011 and December 19, 2011, respectively (as amended, the "Standstill Agreement"). The Standstill Agreement was entered into in connection with the merger of equals between Lance, Inc. and Snyder's of Hanover, Inc. and provides for, among other things, certain restrictions and limitations on acquisitions and transfers of common stock of the Company by the Warehimes through December 6, 2013. The Amendment, as approved by the disinterested members of the Board of Directors of the Company, was entered into to increase to 4,000,000 shares, the number of shares that the Warehimes are permitted to transfer to Grantor Retained Annuity Trusts ("GRATs") established for the benefit of Michael A. Warehime and his daughters for estate planning purposes. The Amendment does not change any of the other provisions of the Standstill Agreement related to restrictions on the Warehimes' ability to transfer common stock of the Company.

The foregoing summary of the Amendment does not purport to be complete and is subject to and qualified in its entirety by the full text of the form of Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated by reference herein.

Item 9.01.     Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.                               Exhibit Description
   10.1          Amendment No. 4 to Standstill Agreement, dated as of August 23, 2013,
                 by and among Snyder's-Lance, Inc., Michael A. Warehime and Patricia A.

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