0001193125-13-270744.txt : 20130625 0001193125-13-270744.hdr.sgml : 20130625 20130625171357 ACCESSION NUMBER: 0001193125-13-270744 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130619 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20130625 DATE AS OF CHANGE: 20130625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARRY R G CORP /OH/ CENTRAL INDEX KEY: 0000749872 STANDARD INDUSTRIAL CLASSIFICATION: FOOTWEAR, (NO RUBBER) [3140] IRS NUMBER: 314362899 STATE OF INCORPORATION: OH FISCAL YEAR END: 0703 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08769 FILM NUMBER: 13932705 BUSINESS ADDRESS: STREET 1: 13405 YARMOUTH RD NW CITY: PICKERINGTON STATE: OH ZIP: 43147 BUSINESS PHONE: 6148646400 MAIL ADDRESS: STREET 1: 13405 YARMOUTH RD NW CITY: PICKERINGTON STATE: OH ZIP: 43147 8-K 1 d560058d8k.htm FORM 8-K Form 8-K

 

 

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): June 19, 2013

 

 

R. G. BARRY CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Ohio   1-8769   31-4362899

(State or other

jurisdiction of incorporation)

  

(Commission File

Number)

  

(IRS Employer

Identification No.)

13405 Yarmouth Road N.W., Pickerington, Ohio 43147

(Address of principal executive offices) (Zip Code)

(614) 864-6400

(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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 

Section 5 – Corporate Governance and Management

 

Item 5.02       Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Adoption of R.G. Barry 2014 Management Bonus Plan

The Compensation Committee of the Board of Directors (the “Board”) of R.G. Barry Corporation (the “Company”) has adopted the 2014 Fiscal Year Management Bonus Plan (the “2014 Bonus Plan”). Certain employees of the Company, including the named executive officers, are eligible to participate in the 2014 Bonus Plan.

Bonuses under the 2014 Bonus Plan for Greg A. Tunney, the Chief Executive Officer of the Company, and Jose G. Ibarra, the Senior Vice President-Finance and Chief Financial Officer of the Company, will be based on the level of achievement in fiscal year 2014 of Company financial performance objectives (based on pre-incentive, pre-tax income). Bonuses for Glenn Evans, Senior Vice President-Global Operations of the Company, and Lee Smith, Senior Vice President, Creative Services of the Company, will be based on the level of achievement in fiscal year 2014 of Company financial performance objectives (based on pre-incentive, pre-tax income) (75%) and on individual performance (25%). The bonus potential for Nancy Coons, Business Unit President-Footwear, will be based on the level of achievement of Company financial performance objectives (based on pre-incentive, pre-tax income) in fiscal 2014 (25%) and Footwear Business Unit net sales (25%) and operating profit (25%) objectives, and on individual performance (25%). Upon the achievement of the applicable objectives, an eligible participant will receive a bonus based on a percentage of his or her fiscal year 2014 annual base salary. Potential bonus levels of the Company’s named executive officers under the 2014 Bonus Plan range from 25% to 150% of a participant’s base salary, depending upon the participant’s position with the Company.

The threshold, target and maximum potential bonuses (if applicable objectives are met) of the Company’s named executive officers are indicated below (with linear interpolation to be applied between threshold and target, and between target and maximum):

 

Name

   

    Position    

   

    Threshold    

   

    Target    

   

    Maximum    

Greg A. Tunney    President and Chief Executive Officer    46.9        75.0        150.0    
Jose G. Ibarra    Sr. Vice President – Finance and Chief Financial Officer    28.1        45.0        90.0    
Glenn Evans    Sr. Vice President – Global Operations    25.0        40.0        80.0    
Lee Smith    Sr. Vice President – Creative Services    25.0        40.0        80.0    
Nancy Coons    Business Unit President – Footwear    25.0        40.0        80.0    

The Compensation Committee approved the 2014 Bonus Plan at a meeting on June 19, 2013.

Adoption of the 2014 Bonus Plan is not intended to create an enforceable agreement between the Company and any eligible participant. The Board has retained the sole discretion to change the design of, and the participants in, the 2014 Bonus Plan without notice to or approval of the participants. No entitlement to payments under the 2014 Bonus Plan will exist until the payments are authorized by the Board following the end of the 2014 fiscal year.

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.

 

    R. G. BARRY CORPORATION
June 25, 2013   By:  

/s/ Jose G. Ibarra

    Jose G. Ibarra
    Sr. Vice President-Finance & CFO