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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 14, 2005
THE BON-TON STORES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-19517 23-2835229
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
2801 E. Market Street, York, Pennsylvania 17402
(Address of Principal Executive Offices)
717-757-7660
(Registrant's Telephone Number, including Area Code)
Not Applicable
(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 140.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Cash Bonus Plan Performance Goals for 2005 Fiscal Year
On March 14, 2005, the Human Resources and Compensation Committee of the
Board of Directors of The Bon-Ton Stores, Inc. (the "Company") approved
performance goals under The Bon-Ton Stores, Inc. Cash Bonus Plan with respect to
the Company's fiscal year ending January 28, 2006 ("Fiscal 2005") for the named
executive officers in the summary compensation table in the Company's annual
proxy statement (the "named executive officers"). 100% of bonus payments to Tim
Grumbacher, Byron L. Bergren, James H. Baireuther and James M. Zamberlan with
respect to Fiscal 2005 will be based on net income. In addition, 100% of bonus
payments to Lynn C. Derry and John S. Farrell with respect to Fiscal 2005 will
be based on operating profit.
Restricted Stock Unit Grants
As previously disclosed in timely filings with the Securities and Exchange
Commission on Forms 4, pursuant to the Company's Amended and Restated 2000 Stock
Incentive Plan, 2,794 restricted stock units were granted to each of the
following directors on May 24, 2005: Robert B. Bank, Philip M. Browne, Shirley
A. Dawe, Marsha M. Everton, Michael L. Gleim, Robert E. Salerno and Thomas W.
Wolf.
Stock Option Grants
As previously disclosed in timely filings with the Securities and Exchange
Commission on Forms 4, the Company granted stock options under the Company's
Amended and Restated 2000 Stock Incentive Plan to the persons set forth below
(who are named executive officers) as follows:
- On May 27, 2005, options to purchase 5,000 shares of common stock at
an exercise price of $17.91 per share were granted to Lynn C. Derry.
The options become exercisable in three annual installments beginning
on May 27, 2007 and expire on May 26, 2012.
- On July 7, 2005, options to purchase 95,000 shares of common stock at
an exercise price of $20.44 per share were granted to Byron L.
Bergren. The options become exercisable in four annual installments
beginning on July 6, 2006 and expire July 6, 2012.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
The Bon-Ton Stores, Inc.
By: /s/ Keith E. Plowman
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Keith E. Plowman
Senior Vice President, Chief Financial
Officer and Principal Accounting Officer
Dated: December 6, 2005
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