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OXM > SEC Filings for OXM > Form 8-K on 4-Apr-2014All Recent SEC Filings

Show all filings for OXFORD INDUSTRIES INC

Form 8-K for OXFORD INDUSTRIES INC


4-Apr-2014

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.

(e) Equity Compensation to Named Executive Officers

On March 31, 2014, as part of its annual review of executive compensation, Oxford Industries, Inc.'s (the "Company's") Nominating, Compensation & Governance Committee (the "Committee") approved equity compensation awards under the Company's Long-Term Stock Incentive Plan (the "Plan") consisting of both performance-based and service-based awards to certain officers and key employees.

The awards approved by the Committee to the Company's named executive officers are as follows:

                                                                        Service-Based
                                      Performance-Based Awards             Awards
                                 Restricted  Restricted  Restricted
                                   Shares      Shares      Shares        Restricted
                                  Earned at   Earned at   Earned at        Shares
                                  Threshold    Target      Maximum         Granted
Name                             Performance Performance Performance
Thomas C. Chubb III                 2,588      10,350      18,113           3,300
K. Scott Grassmyer                   913        3,650       6,388           1,650
Thomas E. Campbell                   913        3,650       6,388           1,650
Terry R. Pillow                     1,813       7,250      12,688           3,300

The performance-based awards provide for the grant of restricted shares, contingent upon the Company's satisfaction of certain earnings per share performance objectives during fiscal 2014 (the period from February 2, 2014 to January 31, 2015), as determined by the Committee.

The service-based awards approved by the Committee and any restricted stock earned pursuant to the performance-based awards (as determined by the Committee) are subject to cliff vesting on April 14, 2017 and are generally forfeited if the recipient is not continuously employed through vesting.

The performance-based and service-based awards are further subject to the terms and conditions of the Plan and the performance equity award agreement and restricted stock award agreement, respectively, the forms of which are filed herewith as Exhibit 10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number
10.1     Form of Oxford Industries, Inc. Performance Equity Award Agreement
         (Fiscal 2014 Performance-Based).

10.2     Form of Oxford Industries, Inc. Restricted Stock Award Agreement
         (Service-Based).


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