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BOBE > SEC Filings for BOBE > Form 8-K/A on 17-Sep-2013All Recent SEC Filings

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Form 8-K/A for BOB EVANS FARMS INC


17-Sep-2013

Change in Directors or Principal Officers, Financial Statements and Exhibit


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

Effective on August 16, 2013, the position of executive vice president and chief restaurant operations officer was eliminated. Harvey Brownlee, who held the position and was also a named executive officer of the Bob Evans Farms, Inc. ("Company"), left the Company at that time.

The Company and Mr. Brownlee have entered into a Severance Agreement and General Release dated September 17, 2013 ("Agreement"), a copy of which is filed herewith as Exhibit 10.1 and incorporated by reference. The following is a summary of the terms of the Agreement; the complete Agreement is attached to this Form 8-K/A and should be referenced for more information.

In consideration of Mr. Brownlee's release of all claims he may have against the Company, if any, and for his covenants in the Agreement to maintain Company information as confidential, for his cooperation related to the defense of any claim against the Company, his agreement not to compete and not solicit employees for a period of one year following his separation date, and to not disparage the Company, the Company provided Mr. Brownlee with a lump sum payment of $375,000, less appropriate deductions and tax withholding amounts. Mr. Brownlee was also entitled to any accrued and vested rights he had in any outstanding equity awards (including options), and in the Company's benefit plans.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Severance Agreement and General Release dated September 17, 2013, between Harvey Brownlee and BEF Management, Inc. *

* Compensation Arrangement or Plan


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