DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January6, 2017, Destination Maternity Corporation (the
Company) entered into two amendments modifying the
previously disclosed Transaction Bonus Agreement, dated May31,
2016, with Anthony M. Romano, the Companys Chief Executive
Officer President, and the Transaction Bonus and Retention
Agreement, dated May31, 2016, with Ronald J. Masciantonio, the
Companys Executive Vice President Chief Administrative Officer
(collectively, the Bonus Amendments). For both Messrs.
Romano and Masciantonio, the Bonus Amendments extend the
threshold date for a transaction bonus to become payable in the
event of the completion of a change in control transaction that
is approved by the board of directors of the Company, from May31,
2017 to December31, 2017.
Except as described above, the Transaction Bonus Agreement and
the Transaction Bonus and Retention Agreement described above are
unchanged. This description of the Bonus Amendments does not
purport to be complete and is qualified in its entirety by
reference to the Bonus Amendments which are attached hereto as
Exhibits10.1 and 10.2 and incorporated by reference herein.
Item9.01 |
Financial Statements and Exhibits. |
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| 10.1 |
Amendment to Transaction Bonus Agreement, dated January6, 2017, by and between the Company and Anthony M. Romano. |
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| 10.2 |
Amendment to Transaction Bonus and Retention Agreement, dated January6, 2017, by and between the Company and Ronald J. Masciantonio. |
DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) Recent Trading Information
DESTINATION MATERNITY CORPORATION (NASDAQ:DEST) closed its last trading session at with 101,253 shares trading hands.