PIER 1 IMPORTS, INC. (NYSE:PIR) 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. |
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As previously reported in a Form 8-K dated April 6, 2017,
the Compensation Committee and Board of Directors of Pier 1 Imports, Inc. (the Company) approved the performance measures related to the fiscal year 2018 long-term restricted stock incentive awards. Each of the Companys named executive officers was granted a long-term equity incentive award on April 14, 2017. |
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Information regarding the long-term equity incentive awards for the named executive officers is set forth in Exhibit 10.1 and the Companys restricted stock award agreement forms for these grants are attached as Exhibit 10.2, 10.3 and 10.4. |
| Item 9.01 | Financial Statements and Exhibits. | |
| (d) Exhibits | ||
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Exhibit No.
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Description | |
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10.1
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Summary of Long-Term Equity Incentive Awards for the
named executive officers. |
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10.2
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Form of Restricted Stock Award Agreement April 14, 2017
Time-Based Award. |
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10.3
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Form of Restricted Stock Award Agreement April 14, 2017
Performance-Based Award (EBITDA). |
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10.4
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Form of Restricted Stock Award Agreement April 14, 2017
Performance-Based Award (ROIC). |
About PIER 1 IMPORTS, INC. (NYSE:PIR)
Pier 1 Imports, Inc. is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture. The decorative accessories category includes decorative accents and textiles, such as rugs, wall decorations and mirrors, candles, fragrance, gifts and seasonal items. The furniture category includes furniture and furniture cushions to be used in living, dining, office, sunrooms and patios. This merchandise group is generally made of metal or handcrafted natural materials, including rattan, pine, acacia, oak and other woods with either natural, stained, painted or upholstered finishes. PIER 1 IMPORTS, INC. (NYSE:PIR) Recent Trading Information
PIER 1 IMPORTS, INC. (NYSE:PIR) closed its last trading session up +0.19 at 7.05 with 2,305,868 shares trading hands.
