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): April 4, 2012
SCHOOL SPECIALTY, INC.
(Exact name of registrant as specified in its charter)
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Wisconsin | 000-24385 | 39-0971239 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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W6316 Design Drive Greenville, Wisconsin 54942 |
(Address of principal executive offices, including zip code) |
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Registrant’s telephone number, including area code: (920) 734-5712
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:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | 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.
Effective April 4, 2012, School Specialty, Inc. (the “Company”) entered into a Separation Agreement (the “Separation Agreement”) with Rachel McKinney, the Company’s Vice President and Chief Human Resources Officer, in connection with Ms. McKinney’s previously announced departure from the Company.
Under the Separation Agreement, the Company will continue to employ Ms. McKinney in her current position until April 28, 2012 (the “Separation Date”). Provided that Ms. McKinney does not resign and is not terminated for cause prior to the Separation Date, she will receive a severance benefit equal to her annualized salary of $283,250, to be paid over a 12-month period commencing after the Separation Date. Ms. McKinney’s benefit under the Separation Agreement is subject to customary conditions, including a release of the Company from any claims arising on or before the Separation Date and confidentiality, non-compete and non-solicitation provisions.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
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| Exhibit No. | Description |
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| 99.1 | Separation Agreement between School Specialty, Inc. and
Rachel McKinney |
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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 hereunto duly authorized.
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| SCHOOL SPECIALTY, INC. |
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Dated: April 10, 2012 | By: /s/ Michael P. Lavelle |
| Michael P. Lavelle President and Chief Executive Officer |
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EXHIBIT INDEX
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Exhibit No. | Description |
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99.1 | Separation Agreement between School Specialty, Inc. and
Rachel McKinney |
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