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SNI > SEC Filings for SNI > Form 8-K on 6-Sep-2013All Recent SEC Filings




Change in Directors or Principal Officers, Other Events, Finan

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

On September 5, 2013, John F. Lansing, President, Scripps Networks, announced that he was retiring as an officer and employee of Scripps Networks Interactive, Inc. (the "Company"). In connection with Mr. Lansing's retirement, the Company entered into a Separation Agreement with Mr. Lansing dated September 3, 2013 pursuant to which, among other things, the Company will pay Mr. Lansing the separation benefits due under his employment agreement and accelerate his 2010 restricted share unit retention award as provided in his employment agreement. The Separation Agreement also contains a release of claims in favor of the Company and provides that the annual incentive that would have been payable to Mr. Lansing under the Company's annual incentive plan for 2013 will be paid to him based on actual performance for the year, without pro ration, that his retirement will become effective on October 1, 2013 and that the Company will enter into a consulting agreement with Mr. Lansing under which he will provide consulting services to the Company from January 1, 2014 through December 31, 2015. Mr. Lansing also agreed to non-competition provisions that will extend until December 31, 2015.

Item 8.01. Other Events.

On September 5, 2013, Scripps Networks Interactive, Inc. (the "Company") issued a press release announcing certain leadership changes at its U.S. lifestyle television networks and related businesses. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.                                  Description

99.1              Press release issued by Scripps Networks Interactive, Inc. on
                  September 5, 2013

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