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): OCTOBER 28, 2004
THE WET SEAL, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-18632 33-0415940
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(Commission File Number) (IRS Employer Identification No.)
26972 BURBANK, FOOTHILL RANCH, CALIFORNIA 92610
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(Address of principal executive offices)
Registrant's telephone number, including area code: (949) 583-9029
NA
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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))
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ITEM 1.01. ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS
On October 28, 2004, The Wet Seal, Inc. (the "Company") entered into
retention agreements with each of Allan Haims, our President, Douglas Felderman,
our Executive Vice President and Chief Financial Officer, and Joe Deckop, our
Executive Vice President. Each agreement includes a grant of 155,000 shares of
restricted stock of the Company. In addition, the agreements with each of Mr.
Felderman and Mr. Deckop include certain severance protections in the event of
an involuntary termination of employment by the Company and one-time retention
payments of $100,000 payable on December 1, 2004, which would be owed back to
the Company if the executive were to voluntarily terminate his employment with
the Company within 12 months.
SIGNATURE
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.
THE WET SEAL, INC.
(Registrant)
November 1, 2004 By: /S/ JOSEPH DECKOP
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Date Joseph Deckop
Executive Vice President