-----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, S3SaZ1wQhd5BoADW7YxNOZ/T1uOfOi7cpDGhEipMRm+ST/8bAlP5XUw9MiMzAa66 smU20rnqfrf3W6gEYMu6oQ== 0000950134-05-016676.txt : 20050825 0000950134-05-016676.hdr.sgml : 20050825 20050825155631 ACCESSION NUMBER: 0000950134-05-016676 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050810 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20050825 DATE AS OF CHANGE: 20050825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ACHIEVEMENT CORP CENTRAL INDEX KEY: 0001168468 STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, PRECIOUS METAL [3911] IRS NUMBER: 314126506 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-84294 FILM NUMBER: 051048938 MAIL ADDRESS: STREET 1: 7211 CIRCLES S ROAD CITY: AUSTIN STATE: TX ZIP: 78745 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAC Group Holding Corp. CENTRAL INDEX KEY: 0001311835 STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, PRECIOUS METAL [3911] IRS NUMBER: 201854833 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-121479 FILM NUMBER: 051048939 BUSINESS ADDRESS: STREET 1: C/O AMERICAN ACHIEVEMENT CORPORATION STREET 2: 7211 CIRCLE S ROAD CITY: AUSTIN STATE: TX ZIP: 78745 BUSINESS PHONE: (512) 444-0571 MAIL ADDRESS: STREET 1: C/O AMERICAN ACHIEVEMENT CORPORATION STREET 2: 7211 CIRCLE S ROAD CITY: AUSTIN STATE: TX ZIP: 78745 8-K/A 1 d28400e8vkza.htm AMENDMENT TO FORM 8-K e8vkza
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 10, 2005
AAC Group Holding Corp.
American Achievement Corporation
(Exact name of registrants as specified in their charters)
         
(State or other jurisdiction of
incorporation or organization)
Delaware
Delaware 		  (Commission File Number)

 333-121479
333-84294 		  (I.R.S. Employer
Identification No.)
20-1854833
13-4126506
 
7211 Circle S Road
Austin, Texas 78745
(Address of Principal Executive Offices, Zip Code)
Registrants’ telephone number, including area code (512) 444-0571
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240-14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

TABLE OF CONTENTS
Item 5.02 Departure of Directors or Principal Officers; Appointment of Directors; Appointment of Principal Officers
This Form 8-K/A amends the Current Report on Form 8-K (the “Original Filing”) of American Achievement Corporation (the “Company”), filed on July 22, 2005, which disclosed that Mr. Donald J. Percenti was appointed as Chief Executive Officer of the Company, effective September 1, 2005. Mr. Percenti has most recently served as AAC’s Senior Vice President On Campus and General Manager for Printing since 1996. At the time of the Original Filing, Mr. Percenti had not yet entered into an employment agreement reflecting his appointment as Chief Executive Officer of the Company.
On August 10, 2005, Mr. Percenti entered into an employment agreement with the Company. The initial term of his employment agreement is for two years from August 10, 2005, which can be automatically extended for additional one year terms on August 10th of each succeeding year thereafter unless earlier terminated by the Company upon not less than 60 days’ prior notice. The employment agreement provides Mr. Percenti with an annual salary of $325,000. Under his employment agreement, Mr. Percenti’s salary is subject to such changes as the Company’s Board of Directors may determine from time to time.
Mr. Percenti’s employment agreement provides for an annual bonus in an amount up to 70% of Mr. Percenti’s salary, determined by the Company’s Board of Directors, and based upon the achievement of certain targets or standards as are determined by the Company’s Board of Directors. Mr. Percenti’s employment agreement also provides that he participates in the Company’s employee benefit plans (including incentive bonus plans and incentive stock plans) as the Company maintains and as may be established for the Company’s employees from time-to-time on the same basis as other executive employees are entitled to participate. In addition, the Company pays Mr. Percenti a car allowance of up to $750 a month.
Mr. Percenti’s employment agreement provides that in the event his employment is terminated without “cause” or for “good reason” (each as defined in his employment agreement), he will be entitled to receive bi-weekly payments equal to the average of his bi-weekly compensation in effect within the two years preceding the termination for a period of the greater of 18 months or the remaining term of his employment agreement. He will also be entitled to elect the continuation of health benefits at no cost to himself. Mr. Percenti’s employment agreement does not provide him with any payments that are contingent upon a “change in control.”

 

 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: August 25 2005
  By:   /s/ SHERICE BENCH
 
       
 
      Sherice Bench
Chief Financial Officer

 

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