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NYT > SEC Filings for NYT > Form 8-K on 13-Dec-2013All Recent SEC Filings

Show all filings for NEW YORK TIMES CO



Change in Directors or Principal Officers, Financial Statements and Exhibits

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

(e) On December 12, 2013, The New York Times Company (the "Company") amended and restated The New York Times Company Savings Restoration Plan (the "Restoration Plan") and The New York Times Company Supplemental Executive Savings Plan (the "SESP", and together with the Restoration Plan, the "Amended Plans"). Each of the Amended Plans is an unfunded supplemental defined contribution plan, and the amendments have been adopted in connection with amendments to the Company's Supplemental Retirement and Investment Plan (the "401(k) Plan"). Each of the Company's named executive officers participates in the Amended Plans.

The Restoration Plan provides employees that portion of the Company's annual employer contribution to the 401(k) Plan that cannot be provided generally as a result of Internal Revenue Code limits on includible compensation. The Restoration Plan has been amended to increase accruals to 6% of the participant's compensation in excess of such Internal Revenue Code limitations.

Under the SESP, a participant's account was formerly credited annually with contributions as calculated in accordance with the formulas set forth in the SESP. The amendments to the SESP discontinue all accruals for plan years commencing on and after January 1, 2014, other than interest which continues to accrue after January 1, 2014 on participants' December 31, 2013 balances.

The foregoing descriptions of the Amended Plans do not purport to be complete and are qualified in their entirety by reference to the full text of the forms of Amended Plans, which have been filed with this report as exhibits and are incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number       Description
Exhibit 10.1         The New York Times Company Savings Restoration Plan, as

Exhibit 10.2         The New York Times Company Supplemental Executive Savings
                     Plan, as amended

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