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) December 18, 2009
PIER 1 IMPORTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-07832 75-1729843
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification Number)
of incorporation
or organization)
100 Pier 1 Place, Fort Worth, Texas 76102
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(Address of principal executive offices, including zip code)
817-252-8000
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(Registrant's telephone number, including area code)
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.
(e) As previously reported on a Form 8-K dated December 15, 2009
the Board of Directors of Pier 1 Imports, Inc. (the
"Company") approved a renewal and extension of the
employment agreement of Alexander W. Smith (the "Employment
Agreement"), the President and Chief Executive Officer of
the Company.
Pursuant to the Employment Agreement, Mr. Smith received a
grant of 375,000 shares of restricted stock on December 18,
2009, under the Company's 2006 Stock Incentive Plan,
restated as amended, which will vest one-third per year on
the first three anniversaries of the grant date, provided
Mr. Smith is employed on such dates.
A copy of the form of Restricted Stock Award Agreement is
attached as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Restricted Stock Award Agreement dated December 18,
2009 by and between Alexander W. Smith and Pier 1
Imports, Inc.
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.
PIER 1 IMPORTS, INC.
Date: December 22, 2009 By: /s/ Michael A. Carter
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Michael A. Carter,
Senior Vice President and
General Counsel, Secretary
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EXHIBIT INDEX
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Exhibit No. Description
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10.1 Restricted Stock Award Agreement dated December 18, 2009 by
and between Alexander W. Smith and Pier 1 Imports, Inc.
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