-----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, BPKyJSLDfScvKjDw0BsljVDdCEQ9AA1I9eK9ho5kXrjix6OaY7C0xs9YfdGZsxEF SDm9E0yKwbDAG76xqkPCrg== 0000950142-09-000327.txt : 20090225 0000950142-09-000327.hdr.sgml : 20090225 20090225163212 ACCESSION NUMBER: 0000950142-09-000327 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090219 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20090225 DATE AS OF CHANGE: 20090225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN TRAFFIC CO CENTRAL INDEX KEY: 0000077155 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 250716800 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08858 FILM NUMBER: 09634236 BUSINESS ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SYRACUSE STATE: NY ZIP: 13221-4737 BUSINESS PHONE: (315) 453-7284 MAIL ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SYRACUSE STATE: NY ZIP: 13221-4737 8-K 1 form8k_021909.htm CURRENT REPORTING
 



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)       FEBRUARY 19, 2009

 

THE PENN TRAFFIC COMPANY

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

0-8858

25-0716800

(Commission File Number)

(I.R.S. Employer Identification No.)

 

 

 

1200 State Fair Boulevard
Syracuse, New York


13221-4737

(Address of principal executive offices)

(Zip Code)

 

(315) 453-7284

(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):

 

 

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 February 19, 2009, The Board of Directors of The Penn Traffic Company (the “Company”) approved, and the Company’s President and Chief Executive Officer, Gregory J. Young, accepted, a 10% reduction in Mr. Young’s annual salary for the remainder of the Company’s 2010 fiscal year, effective the pay period covering February 23, 2009. Mr. Young’s annual salary for the Company’s 2010 fiscal year was reduced from $525,000 to $472,500. As part of his management incentive bonus plan for the Company’s 2010 fiscal year 2010, Mr. Young shall have the opportunity to recover the amount of the reduction if certain performance criteria to be established by the Company’s Compensation Committee are achieved.

 

 

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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.

 

 

 

PENN TRAFFIC COMPANY

 

 

By: 



/s/ Daniel J. Mahoney

 

 

 

Name:  Daniel J. Mahoney

Title:    SVP, General Counsel

 

 

Dated:  February 25, 2009







 

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