-----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, LL7sYIf8jBOHykY2BQPUvPMqQrMhb6Fw2iyxgGkwIfbtQja8xLWsLKmF4HPyvtwX 1l3YJpmJ8Dz9CgCb/6rdHg== 0000950137-08-007771.txt : 20080522 0000950137-08-007771.hdr.sgml : 20080522 20080522132909 ACCESSION NUMBER: 0000950137-08-007771 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080520 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080522 DATE AS OF CHANGE: 20080522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: G&K SERVICES INC CENTRAL INDEX KEY: 0000039648 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 410449530 STATE OF INCORPORATION: MN FISCAL YEAR END: 0626 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04063 FILM NUMBER: 08854117 BUSINESS ADDRESS: STREET 1: 5995 OPUS PARKWAY STREET 2: SUITE 500 CITY: MINNETONKA STATE: MN ZIP: 55343 BUSINESS PHONE: 6129125500 MAIL ADDRESS: STREET 1: 5995 OPUS PARKWAY STREET 2: SUITE 500 CITY: MINNETONKA STATE: MN ZIP: 55343 FORMER COMPANY: FORMER CONFORMED NAME: NORTHWEST LINEN CO DATE OF NAME CHANGE: 19681227 8-K 1 c26969e8vk.htm CURRENT REPORT e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 20, 2008
G&K Services, Inc.
 
(Exact Name of Registrant as Specified in Charter)
         
Minnesota   0-4063   41-0449530
 
(State or Other Jurisdiction of
Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
5995 Opus Parkway, Minnetonka, MN   55343
 
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code (952) 912-5500
n/a
 
(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 (see General Instruction A.2. below):
  o   Written communication 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.
(d)   On May 20, 2008, G&K Services, Inc. announced the addition of Ms. Lynn Crump-Caine to its Board of Directors as a Class I director. A press release regarding this announcement is furnished as Exhibit 99.1 hereto. G&K Services has not yet determined on which of its board’s committees Ms. Crump-Caine will serve.
 
    Ms. Crump-Caine joins G&K Services with more than 30 years of business leadership experience. Most recently, in 2004, Ms. Crump-Caine founded Outsidein Consulting and she has served as its Chief Executive Officer since then. Outsidein Consulting strives to assist leaders drive business results through executive coaching, leadership team development, culture shaping and strategic planning. Between 1974 and her retirement in 2004, Ms. Crump-Caine served in various executive capacities with the McDonald’s Corporation, including as its Executive Vice President, Worldwide Operations and Restaurant Systems (between 2002 and 2004), its Executive Vice President, U.S. Restaurant Systems (between 2000 and 2002), and its Senior Vice President, U.S. Operations (between 1998 and 2000). In addition to the boards of various other for and non-profit organizations, Ms. Crump-Caine serves on the board of Krispy Kreme Doughnuts, Inc., where she serves on this board’s compensation and governance committees.
 
    In connection with Ms. Crump-Caine’s appointment to the G&K Services’ board, in accordance with the company’s established polices, she will be granted an option to purchase 3,000 shares of the company’s Class A Common Stock at $34.19, the closing price for such shares on the grant date. The option shall have a term of ten years and shall vest in three equal annual installments, commencing on the first anniversary of the date of issuance, subject to Ms. Crump-Caine’s continued service as a director.
 
    There are no arrangements or understandings between Ms. Crump-Caine and any other persons pursuant to which she was selected as a director.
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.
         
 
  G&K SERVICES, INC.
 
       
Date: May 22, 2008
  By   /s/ Jeffrey L. Cotter
 
      Jeffrey L. Cotter
 
  Its   Director of Legal Services and Corporate Secretary

 

EX-99.1 2 c26969exv99w1.htm PRESS RELEASE exv99w1
EXHIBIT 99.1
 
(G&K SERVICES LOGO)   5995 Opus Parkway
Minnetonka, MN 55343
952.912.5500
952.912.5999 (Fax)
1.800.GKCARES
www.gkservices.com
Press Release
FOR IMMEDIATE RELEASE:       May 22, 2008
For Further Information:
At the Company:
Jeffrey L. Wright, Senior Vice President and Chief Financial Officer
Shayn R. Carlson, Director of Investor Relations
952.912.5500
G&K SERVICES ANNOUNCES THE ADDITION
OF LYNN CRUMP-CAINE TO ITS BOARD OF DIRECTORS
MINNEAPOLIS, MN, May 22, 2008 — G&K Services, Inc. (NASDAQ: GKSR), a market leader in branded identity apparel programs and facility services, announced today that Lynn Crump-Caine has joined G&K Services’ Board of Directors.
“We are very pleased to have Lynn join our board,” said Richard Marcantonio, chairman and chief executive officer of G&K Services, Inc. “Her extensive business background with one of the world’s best known brands adds further expertise to G&K’s board. Lynn brings broad executive leadership and comprehensive multi-location operating experience that will add significant value to G&K.”
Ms. Crump-Caine is the Chief Executive Officer of Outsidein Consulting, an organizational performance and strategy development consulting firm she founded in 2004 to assist leaders in driving business results through executive coaching, leadership development and strategic planning. Previously, Ms. Crump-Caine worked with McDonald’s Corporation for more than thirty years, where she held several executive positions, including executive vice president of Worldwide Operations and Restaurant Systems, executive vice president of U.S. Restaurant Systems and senior vice president of U.S. Operations.
“Ms. Crump-Caine adds further depth to our board,” said Lenny Pippin, presiding director of G&K’s board of directors. “We look forward to benefiting from her strategic insight and operational experience as a member of G&K’s board.”
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(G&K SERVICES LOGO)
Ms. Crump-Caine also serves on the board of Krispy Kreme Doughnuts, Inc., where she is a member of that board’s compensation and governance committees. In addition, Ms. Crump-Caine serves as Vice Chair of the Board of Directors of Advocate Health Care, the largest fully integrated not-for-profit health care delivery system in Metropolitan Chicago. Ms. Crump-Caine also serves on the compensation committee of this board, and on its executive committee. Ms. Crump-Caine is a recipient of the 1995 McDonald’s President Award, the top honor given by senior management for employee performance.
Safe Harbor for Forward-Looking Statements
Statements made in this press release concerning our intentions, expectations or predictions about future results or events are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which could be material and adverse. You are cautioned not to place undue reliance on these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Information concerning potential factors that could affect future financial results is included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2007.
About G&K Services, Inc.
Headquartered in Minneapolis, Minnesota, G&K Services, Inc. is a market leader in branded identity apparel programs and facility services in the United States, and is the largest such provider in Canada. G&K operates over 160 processing facilities and branch offices, serving more than 160,000 customers.
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