-----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, NrwdJBA7ed6rdkQdKwNJ2c8hmKghXlynQHFQnGw/uv8/MPKi3XpVgZr3eqZ1RLwW pUFh/8/7ZE5UsKKDf17DGA== 0000043300-10-000041.txt : 20100827 0000043300-10-000041.hdr.sgml : 20100827 20100827155131 ACCESSION NUMBER: 0000043300-10-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100827 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100827 DATE AS OF CHANGE: 20100827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREAT ATLANTIC & PACIFIC TEA CO INC CENTRAL INDEX KEY: 0000043300 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 131890974 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04141 FILM NUMBER: 101044030 BUSINESS ADDRESS: STREET 1: 2 PARAGON DR CITY: MONTVALE STATE: NJ ZIP: 07645 BUSINESS PHONE: 2015739700 MAIL ADDRESS: STREET 1: 2 PARAGON DRIVE CITY: MONTVALE STATE: NJ ZIP: 07645 8-K 1 form8k.htm FORM 8K-TOM OBOYLE form8k.htm


 

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
 
August 27, 2010
 
Date of Report (Date of earliest event reported)
 
THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.
 
(Exact name of registrant as specified in its charter)
 
Maryland
1-4141
13-1890974
(State or other jurisdiction of
incorporation or organization)
(Commission file number)
(I.R.S. Employer
Identification No.)

Two Paragon Drive
 
Montvale, New Jersey 07645
 
(Address of principal executive offices)
 
(201) 573-9700
 
(Registrant’s telephone number, including area code)
 
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:

[   ] 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(c).   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On August 27, 2010, The Great Atlantic & Pacific Tea Company, Inc. (the “Company”) issued a press release announcing the appointment of Tom O’Boyle to the role of Executive Vice President, Merchandising & Marketing.

Mr. O’Boyle, 41, joins the Company from Sears Holdings (“Sears”), where he served as President and Senior Vice President, Food and Drug, since 2007.  Prior to that, Mr. O’Boyle served as Vice President, Merchandising from 2006 to 2007.  Before joining Sears, Mr. O’Boyle was Senior Vice President, Merchandising and Marketing for Albertson’s from 2005 to 2006.  Before that he held merchandising and marketing management positions in Jewel Food Stores and American Stores.

Mr. O’Boyle will serve as Executive Vice President, Merchandising and Marketing having responsibility for Merchandising, Marketing and Supply & Logistics.  He will report to the President and Chief Executive Officer, Sam Martin.  

The Company will pay Mr. O’Boyle a base salary of $625,000 per annum and a sign on bonus of $250,000 payable in two installments - $100,000 payable within two weeks of hire and $150,000 payable following six months of employment.  Mr. O’Boyle will eligible for participation in the fiscal year 2010 Management Incentive Plan with a bonus target of 75% of annual base salary, prorated from the employment date.  Mr. O’Boyle will receive an inducement grant under the Company’s 2008 Long-Term Incentive and Share Award Plan consisting of (1) stock options with respect to 100,000 shares of the Company’s common stock (with an exercise price not to exceed the closing price of the Company’s stock on the date of grant), becoming exercisable at the rate of 1/3 on each of the three successive anniv ersaries of the grant date, (ii) performance-based restricted stock units with respect to 15,000 shares of the Company’s common stock, vesting 1/3 on the first anniversary of the grant date and 2/3 on the third anniversary of grant date and (iii) time-vested restricted share units with respect to 5,000 shares of the Company’s common stock , vesting ¼ on the first anniversary of the grant date and ¾ on the third anniversary of the grant date.  Mr. O’Boyle is eligible for an annual Long Term Incentive Grant (LTIP) award in an amount equal to 125% of base salary to be granted at the discretion of the Board of Directors, commencing with the Company’s 2010 LTIP.

If Mr. O’Boyle is terminated by the Company for reasons other than cause, he will be eligible to receive 12 months of severance.  If Mr. O’Boyle is terminated other than for cause as a result of change of control, he will receive 12 months of severance.

A copy of the press release is attached as Exhibit 99.1 to this Current Report.

 
Item 9.01.
Exhibits.
 
(d)  Exhibits.  The following exhibits are filed herewith:
 
Exhibit No.
Description
99.1
Press Release dated August 27, 2010

 
 

 

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 thereunto duly authorized.
 
Dated:  August 27, 2010
 
THE GREAT ATLANTIC & PACIFIC TEA
 
COMPANY, INC.
 
By:         /s/ Christopher W. McGarry                                                                  
Name: Christopher W. McGarry
Title:   Senior Vice President and General Counsel
 
 
 
 
 

 
 

 

EXHIBIT INDEX
 
Exhibit No.                      Description
 
99.1                      Press Release dated August 27, 2010
 




 
 

 

EX-99.1 2 exhibit99-1.htm PRESS RELEASE exhibit99-1.htm
EXHIBIT 99.1

 
The Great Atlantic & Pacific Tea Company, Inc. Announces
 Appointment of Tom O’Boyle as Executive Vice President
 Merchandising & Marketing


 
MONTVALE, N.J. – August 27, 2010 - Today, The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) announced the appointment of Tom O’Boyle to the new position of Executive Vice President, effective immediately.  In this role, Tom will be responsible for leading the Merchandising, Marketing, Supply & Logistics departments to develop a cohesive synergy between these critical functions, reporting to President and Chief Executive Officer Sam Martin.

A&P President and CEO Sam Martin said, “Tom is an expert merchant with a proven track record of aligning merchandising offers with exciting marketing programs to meet customers’ needs.  His appointment completes my dynamic executive management team which will lead our Company’s turnaround initiative.”

Tom brings over 15 years of retail experience in merchandising and marketing including management positions in Jewel Food Stores and Albertson’s.  Prior to joining the A&P, Tom was President and Senior Vice President, Food and Drug for Sears.  Before that, he was the Senior Vice President, Merchandising and Marketing for Albertson’s.  He holds a B.S., and is a candidate for an M.B.A., from Northern Illinois University. 


About A&P
Founded in 1859, A&P is one of the nation's first supermarket chains.  The Company operates 429 stores in 8 states and the District of Columbia under the following trade names: A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium, Super Foodmart, SuperFresh and Food Basics.


Investor Contact:
Krystyna Lack
Vice President, Treasury Services
(201) 571-4320
 
Press Contact:
Lauren La Bruno
Senior Director, Public Relations
(201) 571-4453
 

 
 

 

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