UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 2014
99 CENTS ONLY STORES LLC
(Exact name of registrant as specified in its charter)
California | | 1-11735 | | 95-2411605 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
4000 East Union Pacific Avenue | | |
City of Commerce, California | | 90023 |
(Address of principal executive offices) | | (Zip Code) |
(323) 980-8145
(Registrant’s telephone number, including area code)
None
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
99 Cents Only Stores LLC (the “Company”) filed with the Securities and Exchange Commission a Transition Report filed on Form 10-K on April 22, 2014 (the “Transition Report”). The Summary Compensation Table that was included in the Transition Report did not include bonus compensation for the 2014 fiscal year because the amounts of such bonuses were not determined and calculable at the time the Transition Report was filed.
On August 25, 2014, the Compensation Committee of the Board of Directors of the Company authorized and approved the payment of cash bonuses for the 2014 fiscal year to the Company’s named executive officers. The table below reflects the amounts of the fiscal 2014 bonus payments, the total fiscal 2014 compensation as reported in the Transition Report and the total recalculated compensation, including bonus payments approved for the Company’s named executive officers, for fiscal year 2014.
Name and Principal
Position | | Fiscal
2014 Bonus | | Total Fiscal 2014
Compensation as Reported in
the Transition Report | | Total Fiscal 2014
Compensation Including Fiscal
2014 Bonus | |
| | | | | | | |
Stéphane Gonthier
President and Chief Executive Officer | | $ | 372,653 | | $ | 10,335,200 | | $ | 10,707,853 | |
| | | | | | | |
Frank Schools
Senior Vice President, Chief Financial Officer and Treasurer | | $ | 74,412 | | $ | 302,832 | | $ | 377,244 | |
| | | | | | | |
Michael Kvitko
Executive Vice President, Chief Merchandising Officer | | $ | 106,702 | | $ | 470,297 | | $ | 576,999 | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| 99 CENTS ONLY STORES LLC |
| | |
Dated: August 28, 2014 | By: | /s/ Chris Laurence |
| | Christopher Laurence |
| | Interim Chief Financial Officer |
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