-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ApZQ2FR9CgT4ZDtLbjpK077OUvgfQqSx/jCCYU4YZLV7VWO5nEjEb7p9L+4cPIJo ZMtHkpceI4wPtuWRknZoqw== 0001104659-10-019352.txt : 20100412 0001104659-10-019352.hdr.sgml : 20100412 20100412165412 ACCESSION NUMBER: 0001104659-10-019352 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100412 DATE AS OF CHANGE: 20100412 EFFECTIVENESS DATE: 20100412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KNOLL INC CENTRAL INDEX KEY: 0001011570 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FURNITURE & FIXTURES [2590] IRS NUMBER: 133873847 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12907 FILM NUMBER: 10745360 BUSINESS ADDRESS: STREET 1: 1235 WATER ST CITY: EAST GREENVILLE STATE: PA ZIP: 18041 BUSINESS PHONE: 2156797991 MAIL ADDRESS: STREET 1: 1235 WATER STREET CITY: EAST GREENVILLE STATE: PA ZIP: 18041 DEFA14A 1 a10-8021_1defa14a.htm DEFA14A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934

 

Filed by the Registrant  x

 

Filed by a Party other than the Registrant  o

 

Check the appropriate box:

o

Preliminary Proxy Statement

o

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

o

Definitive Proxy Statement

x

Definitive Additional Materials

o

Soliciting Material Pursuant to §240.14a-12

 

Knoll, Inc.

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

x

No fee required.

o

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

(1)

Title of each class of securities to which transaction applies:

 

 

 

 

(2)

Aggregate number of securities to which transaction applies:

 

 

 

 

(3)

Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

 

 

 

(4)

Proposed maximum aggregate value of transaction:

 

 

 

 

(5)

Total fee paid:

 

 

 

o

Fee paid previously with preliminary materials.

o

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

(1)

Amount Previously Paid:

 

 

 

 

(2)

Form, Schedule or Registration Statement No.:

 

 

 

 

(3)

Filing Party:

 

 

 

 

(4)

Date Filed:

 

 

 

 


 

This additional information is intended to provide stockholders with important information we would like them to consider in connection with our proposal to approve the Knoll, Inc. 2010 Stock Incentive Plan at our annual meeting scheduled for May 5, 2010.  More information regarding the proposal to approve the Knoll, Inc. 2010 Stock Incentive Plan is provided in our proxy statement dated March 24, 2010.  A copy of the proxy statement is available on our website, www.knoll.com, and at www.edocumentview.com/KNL.

 

Key Equity Incentive Information as of March 31, 2010

 

Shares Outstanding: 47,004,737

 

Shares Available for Grant under Existing Stock Incentive Plans:  770,191

 

Shares Underlying Outstanding Stock Options:  2,807,717

 

Weighted Average Exercise Price of Outstanding Stock Options:  $14.31

 

Average Remaining Life of Outstanding Stock Options:  4.89 years

 

Outstanding Restricted Shares:  1,383,627

 

Additional Information Regarding Historical Equity Grants and Repurchases

 

We view equity based awards as a key element of our performance based compensation programs.  We believe we have historically been prudent about the use of equity as a compensation tool.  While our future grant practices may differ from past practices, stockholders should note the additional information provided below, which discloses the amount of equity granted under our stock incentive plans in 2007, 2008, 2009 and the first quarter of 2010.  These numbers should be considered in relation to the number of shares we have repurchased in the corresponding periods to offset, in part, dilution to stockholders from equity grants, which is also provided below.

 

2007

 

2008

 

2009

 

First Quarter 2010

 

 

 

 

 

 

 

Equity Granted
(stock options and
restricted shares):

 

Equity Granted
(stock options and
restricted shares):

 

Equity Granted
(stock options and
restricted shares):

 

Equity Granted
(stock options and
restricted shares):

 

 

 

 

 

 

 

475,000

 

1,262,117

 

975,818

 

25,446

 

Shares Repurchased:

 

Shares Repurchased:

 

Shares Repurchased:

 

Shares Repurchased:

 

 

 

 

 

 

 

584,766

 

3,089,191

 

180,833

 

458,405

 

THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE THEIR SHARES FOR THE PROPOSAL TO APPROVE THE KNOLL, INC. 2010 STOCK INCENTIVE PLAN.

 

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