-----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, SC+iQQ9sl8aSORdUFmAN0gCW3ZNHBWt5VRBiNfKuRSO5fz71zngFfK8Ac7c97aCp 7EvgJEY8Rbve2oUbWYE/xQ== 0000893220-07-002074.txt : 20070601 0000893220-07-002074.hdr.sgml : 20070601 20070601101843 ACCESSION NUMBER: 0000893220-07-002074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070525 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070601 DATE AS OF CHANGE: 20070601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CSS INDUSTRIES INC CENTRAL INDEX KEY: 0000020629 STANDARD INDUSTRIAL CLASSIFICATION: GREETING CARDS [2771] IRS NUMBER: 131920657 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02661 FILM NUMBER: 07892729 BUSINESS ADDRESS: STREET 1: 1845 WALNUT ST CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2155699900 FORMER COMPANY: FORMER CONFORMED NAME: CITY STORES CO DATE OF NAME CHANGE: 19851212 8-K 1 w35681e8vk.htm FORM 8-K CSS INDUSTRIES, INC. e8vk
 

 
 
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): May 25, 2007
CSS Industries, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware   1-2661   13-920657
         
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)
     
1845 Walnut Street, Philadelphia, PA   19103
     
(Address of principal executive offices)   (Zip Code)
     
Registrant’s telephone number, including area code:     
(215) 569-9900
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:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the 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))
 
 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 25, 2007, the Human Resources Committee of the Board of Directors of CSS Industries, Inc. (“CSS”) approved bonus payments and stock option grants to certain of the named executive officers included in CSS’ Proxy Statement dated June 22, 2006, as follows:
                 
    Bonus   Shares Underlying
Named Executive Officer   Amount   Stock Option Grant
Christopher J. Munyan
President and Chief Executive Officer
   $ 285,977       25,000  
 
                
Clifford E. Pietrafitta
Vice President — Finance and Chief Financial Officer
   $ 146,420       14,000  
The bonus payments are under CSS’ Management Incentive Program for the fiscal year ended March 31, 2007. The stock option grants are under CSS’ 2004 Equity Compensation Plan. Each stock option has a five-year term and an exercise price of $35.23 per share, the closing price per share of CSS common stock on the last trading day prior to the grant date. These stock options vest and become exercisable to the extent of 25% of the underlying shares on each of the 1st, 2nd, 3rd and 4th anniversaries of the grant date. Vested options remain exercisable until they expire on May 25, 2012.

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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.
         
  CSS Industries, Inc.
(Registrant)
 		  
  By:   /s/William G. Kiesling    
    William G. Kiesling   
    Vice President — Legal and Human
  Resources and General Counsel 		  
 
Date: June 1, 2007

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