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) June 8, 2005
HASTINGS ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)TEXAS
(State or other jurisdiction of incorporation or organization)| | | |
| 000-24381 | | 75-1386375 |
| | | |
| (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | | |
| 3601 Plains Blvd, Amarillo, Texas | | 79102 |
| | | |
| (Address of principal executive offices) | | (Zip Code) |
(806) 351-2300
(Registrant’s telephone number, including area code)NONE
(Former name, former address and former fiscal year, if changed since last report)
HASTINGS ENTERTAINMENT, INC.
Item 1.01. Entry into a Material Definitive Agreement
On June 8, 2005, the Board of Directors of Hastings Entertainment (the “Company”) approved the following schedule of fees for the directors of the Company who are not otherwise officers or employees of the Company (the “Non-Employee Directors”), to be effective immediately:
| | | | | |
| Annual Cash Retainer (payable each June) | | | | |
| All Board Members: | | $ | 25,000 | |
| | | | | |
| Additional Cash Retainer (payable each June) | | | | |
| Audit Committee Chair: | | $ | 12,500 | |
| Other Audit Committee Members: | | $ | 2,500 | |
| Compensation Committee Chair: | | $ | 2,500 | |
| | | | | |
| Annual Stock Grant | | | | |
| All Board Members: | | $ | 10,000 | |
| | | | | |
| Board and Committee Meeting Fees | | | | |
| Board meetings | | $ | 1,000 | |
| Committee meetings | | $ | 750 | |
HASTINGS ENTERTAINMENT, INC.
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 hereunto duly authorized.
| | | | | |
| Date: June 10, 2005 | Hastings Entertainment, Inc.
(Registrant)
| |
| | By: | /s/ Dan Crow | |
| | | Dan Crow | |
| | | Vice President, Chief Financial Officer
(Principal Financial and Accounting Officer) | |
| |
