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
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| Date of Report (Date of Earliest Event Reported): | | January 16, 2006 |
Enesco Group, Inc.
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(Exact name of registrant as specified in its charter)
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| Illinois | 001-09267 | 04-1864170 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 225 Windsor Drive, Itasca, Illinois | | 60143 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 630-875-5300 |
Not Applicable
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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:
[ ] 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 1.01 Entry into a Material Definitive Agreement.
On January 16, 2006, Enesco Group, Inc. and Cynthia Passmore amended the employment agreement between the Company and Ms. Passmore, effective January 1, 2006. Under the amended agreement, Ms. Passmore will be eligible to receive an annual cash bonus for the achievement of performance goals previously approved by the Board of Directors. The target bonus shall be the greater of 60% of her annual base salary or the percentage amount of her base annual salary established each year under the Company’s Management Incentive Plan. The amended agreement provides for five weeks of vacation.
The amended employment agreement between Enesco and Ms. Passmore is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 First Amendment to the Executive Employment Agreement between Enesco Group, Inc., and Cynthia Passmore, dated January 16, 2006.
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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| | | Enesco Group, Inc. |
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| January 16, 2006 | | By: | | /s/ Koreen A. Ryan
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| | | | | Name: Koreen A. Ryan |
| | | | | Title: Senior Vice President, General Counsel & Secretary |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | First Amendment to Executive Employment Agreement between Enesco Group, Inc., and Cynthia Passmore, dated January 16, 2006. |
