BLACKHAWK NETWORK HOLDINGS, INC. (NYSE:SWY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
December 5, 2016, the Compensation Committee of Blackhawk Network
Holdings, Inc. (the Company) approved amendments to the 2016
Performance Share Award Agreements entered into on February 22,
2016 under the 2013 Equity Incentive Award Plan (the Existing
Agreements), a form of which was filed as Exhibit 10.2>to the
current report on Form 8-K filed with the Securities and Exchange
Commission on February 25, 2016, in order to correct a scriveners
error in the benefit formula set forth therein. In particular,
the calculation of the annual target number of performance shares
was changed from 0.5 times the aggregate target number of
performance shares set forth in the grant notice to 1/3 times the
aggregate target number of performance shares. A form of the
corrected 2016 Performance Share Award Agreement is filed as
Exhibit 10.1>to this current report on Form 8-K. All
performance share award holders who are parties to the Existing
Agreements executed consent letters agreeing to such correction.
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
Exhibit No.
|
Description
|
|
|
10.1
|
Form of 2016 Performance Share Award Agreement for 2013
Equity Incentive Award Plan. |
About BLACKHAWK NETWORK HOLDINGS, INC. (NYSE:SWY)
Safeway Inc., is an food and drug retail company. The Company owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel doing business under the names Safeway.com and Vons.com. Blackhawk, a majority-owned subsidiary of Safeway, is a prepaid payment network utilizing proprietary technology to offer gift cards, other prepaid products and payment services. Blackhawk’s payment network supports its three primary constituents: consumers who purchase the products and services Blackhawk offers, content providers who offer branded products that are redeemable for goods and services, and distribution partners who sell the products. Blackhawk’s product offerings include gift cards, prepaid telecom products and prepaid financial services products, including general purpose reloadable cards and Blackhawk’s reload network. BLACKHAWK NETWORK HOLDINGS, INC. (NYSE:SWY) Recent Trading Information
BLACKHAWK NETWORK HOLDINGS, INC. (NYSE:SWY) closed its last trading session 00.00 at 35.10 with shares trading hands.
