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ALCS > SEC Filings for ALCS > Form 8-K on 7-Jul-2014All Recent SEC Filings

Show all filings for ALCO STORES INC

Form 8-K for ALCO STORES INC


7-Jul-2014

Change in Directors or Principal Officers, Regulation FD Disclosure, Financial St


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

Under the Independent Director Compensation Policy (the "Policy") of ALCO Stores, Inc. (the "Company"), each independent director of the Company shall be issued 5,000 stock options, and the Chairman of the Company's Board of Directors shall be issued 7,500 stock options, on the last business day of June each calendar year. Therefore, on June 30, 2014, the Company entered into Non-Qualified Stock Option Agreements with Dennis E. Logue ("Logue"), Terrence M. Babilla ("Babilla"), Lolan C. Mackey ("Mackey"), Paul T. Davies ("Davies") and Leslie A. Ball ("Ball") to issue each of the preceding independent directors 5,000 stock options with a grant date of June 30, 2014. The Company entered into a Non-Qualified Stock Option Agreement with Royce Winsten ("Winsten"), the Chairman of the Company's Board of Directors, on June 30, 2014 to issue Winsten 7,500 stock options with a grant date of June 30, 2014. Each of the Non-Qualified Stock Option Agreements (collectively, the "Agreements") is incorporated into this Item 5.02 by reference.

The Agreements are subject to the terms and conditions of the Company's 2006 Non-Qualified Stock Option Plan for Non-Management Directors, as amended (the "Plan"). Under the terms of the Agreements, each of Logue, Babilla, Mackey, Davies and Ball receives options to purchase 5,000 shares of the Company's common stock, and Winsten receives options to purchase 7,500 shares of the Company's common stock, at an exercise price of $7.60 per share. The Grant Date of the options is June 30, 2014. The aforementioned options vest in four equal annual installments beginning on June 30, 2015. The options will expire on June 30, 2019, subject to earlier termination or expiration in accordance with the terms of the applicable Agreement or the Plan.



Item 7.01. Regulation FD Disclosure.

Attached as Exhibit 99.1, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Logue. Attached as Exhibit 99.2, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Babilla. Attached as Exhibit 99.3, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Mackey. Attached as Exhibit 99.4, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Davies. Attached as Exhibit 99.5, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Ball. Attached as Exhibit 99.6, and incorporated into this Item 7.01 by reference, is the Non-Qualified Stock Option Agreement executed June 30, 2014 by the Company and Winsten.



Item 9.01. Financial Statements and Exhibits

(d)      Exhibits.

99.1                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Logue.

99.2                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Babilla.

99.3                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Mackey.

99.4                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Davies.


99.5                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Ball.

99.6                Non-Qualified Stock Option Agreement
                    executed on June 30, 2014 by the
                    Company and Winsten.


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