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):May 26, 2005
JAFRA WORLDWIDE HOLDINGS (LUX) S.àR.L
(Exact Name of Registrant as Specified in its Charter)
| | | | | |
| Luxembourg | | 333-106666 | | 98-0399297 |
(State or Other Jurisdiction of
Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
382-386 Route de Longwy
L-2212 Luxembourg
Luxembourg
(Address of Principal Executive Offices)
(Zip Code)
(352) 226027
(Registrant’s telephone number, including area code)
TABLE OF CONTENTS
Item 1.01.Entry into a Material Definitive Agreement.
On May 26, 2005, Jafra Worldwide Holdings (Lux) S.àr.l., through its wholly-owned subsidiary, Jafra Cosmetics International, Inc. (the “Company”), entered into amendments to its respective employment agreements with (1) Gary Eshleman, its Chief Financial Officer and (2) Beatriz Gutai, its Senior Vice President, Global Marketing & Strategic Planning (collectively, the “Amendments”). The Amendments are all effective as of January 1, 2005 and establish the performance goals applicable to the bonus plan under which such officers may be eligible to receive additional compensation. Pursuant to the Amendments, the above-named executives will be eligible to receive bonus compensation if the Company achieves performance goals based on a measure of net activity, which is a measure of adjusted consolidated operating profit calculated under German accounting principals. Other than the establishment of performance goals, the respective employment agreements remain in full force and affect.
A copy of each of the Amendments is attached hereto and is incorporated herein by this reference.
Item 9.01.Financial Statements and Exhibits.
10.1 Amendment to Employment Agreement with Gary Eshleman, signed May 26, 2005.
10.2 Amendment to Employment Agreement with Beatriz Gutai, signed May 26, 2005.
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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| Date: June 1, 2005 | | | | |
| | | | | |
| | | JAFRA WORLDWIDE HOLDINGS (LUX) S.ÀR.L. |
| | | | | |
| | By: | | /s/ Gary Eshleman |
| | | | |
| | | | Gary Eshleman |
| | | | Chief Financial Officer |
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