GANNETT CO.,INC. (NYSE:GCI) 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
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 29, 2016, the Board of Directors of Gannett Co., Inc.
(Gannett) approved an amendment (the Amendment) to the Gannett
Co., Inc. 2015 Deferred Compensation Plan Rules for Post-2004
Deferrals (the Plan). The Amendment modifies the Plan to permit
directors of Gannett to elect to defer fees paid in the form of
restricted stock units or shares of restricted stock. A director
who makes such an election will receive, in lieu of an award of
restricted stock units or shares of restricted stock, a credit
equal to the value of the award, determined at the time of the
award. The credit will be deemed invested in units representing
Gannett common stock in the separate Gannett stock fund under the
Plan for the duration of the deferral period specified in the
Plan. The Amendment became effective on December 1, 2016.
The foregoing description of the Amendment does not purport to be
complete and is qualified in its entirety by reference to the
full text of the Amendment, which is filed as Exhibit 10.1 to
this Current Report on Form 8-K and incorporated by reference
into this Item 5.02.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
| ExhibitNo. | Description | |
| 10.1 |
Gannett Co., Inc. 2015 Deferred Compensation Plan Rules for Post-2004 Deferrals, Amendment No. 1, dated as of December 1, 2016. |
About GANNETT CO., INC. (NYSE:GCI)
Gannett Co., Inc. is an international, multi-platform news and information company. The Company is a local content provider in the United States, operating in over 30 states and Guam. Its operations comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. Its daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. Its operations also include commercial printing, marketing and data services operations. In the markets it serves, it also operates desktop, smartphone and tablet products. USA TODAY has a total daily circulation of approximately four million and Sunday circulation of over 3.9 million, which includes daily print, digital replica, digital non-replica and branded editions. GANNETT CO., INC. (NYSE:GCI) Recent Trading Information
GANNETT CO., INC. (NYSE:GCI) closed its last trading session up +0.05 at 9.31 with 1,199,055 shares trading hands.