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): February 26, 2010
YANKEE HOLDING CORP.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-141699-05 | | 20-8304743 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
16 YANKEE CANDLE WAY
SOUTH DEERFIELD,
MASSACHUSETTS 01373
(413) 665-8306
(Address, including zip code, and telephone number, including area code, of registrants’ principal executive offices)
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 (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ 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. |
On February 26, 2010, The Yankee Candle Company, Inc. (the “Company”), a wholly owned subsidiary of Yankee Holding Corp., issued a press release announcing that Gregory W. Hunt will be joining the Company as Executive Vice President, Finance and Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1 and in incorporated herein by reference. Mr. Hunt is expected to join the Company on April 2, 2010.
Mr. Hunt joins the Company having most recently served as the Executive Vice President of Strategic and Commercial Development for Norwegian Cruise Lines from 2007 to 2009. Prior to joining Norwegian Cruise Lines, Mr. Hunt served as Chief Financial Officer and Chief Restructuring Officer of Tweeter Home Entertainment Group, Inc. from 2006 to 2007 and Chief Financial Officer and Co-Chief Executive of Syratech Corporation from 2001 to 2006. Prior to Syratech Mr. Hunt held several financial leadership positions of increasing responsibility, including NRT Inc., Culligan Water Technologies, Inc. and Samsonite Corporation.
A description of the terms and conditions of the Company’s compensatory arrangement with Mr. Hunt is included in his offer letter, which is attached hereto as Exhibit 99.2 and incorporated herein by reference. Mr. Hunt’s compensation includes the following: (i) an annual base salary of $500,000 per year, (ii) eligibility for an annual bonus of up to 70% of his salary actually paid in the applicable fiscal year and subject to the terms and provisions of the Company’s Management Incentive Plan applicable to such fiscal year, (iii) receipt of 35,000 Class C equity units in the Company’s parent company, YCC Holdings LLC, which vest on a daily basis over a five year period and are subject to the terms and conditions of the Company’s 2007 Incentive Equity Plan and (iv) potential severance payments pursuant to the Company’s Executive Severance Agreement. The Company’s 2007 Incentive Equity Plan and forms of its Management Incentive Plans and Executive Severance Agreement have been previously filed with the Securities and Exchange Commission and are incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits |
See Exhibit Index attached hereto.
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.
Dated: February 26, 2010
|
YANKEE HOLDING CORP. (Registrant) |
|
/s/ Harlan M. Kent |
| President and Chief Executive Officer |
EXHIBIT INDEX
| | |
Exhibit No. | | Description |
| |
| 99.1 | | Press release dated February 26, 2010 |
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| 99.2 | | Gregory W. Hunt offer letter dated February 16, 2010 |
