-----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, DVdzIH/QCfY9l9TTls90InEgNnSJOWOGZ+rFkcPTClgkDLNI1ChunE99ksXQ/hre MSzTa4+Uz11CjLRiqe4fnw== 0001144204-08-069332.txt : 20081215 0001144204-08-069332.hdr.sgml : 20081215 20081215152532 ACCESSION NUMBER: 0001144204-08-069332 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081209 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20081215 DATE AS OF CHANGE: 20081215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GYMBOREE CORP CENTRAL INDEX KEY: 0000786110 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 942615258 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21250 FILM NUMBER: 081249652 BUSINESS ADDRESS: STREET 1: 500 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-278-7000 MAIL ADDRESS: STREET 1: 500 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K 1 v134825_8k.htm Unassociated Document
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
 
December 9, 2008
Date of Report (Date of earliest event reported)
 
THE GYMBOREE CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
Delaware
  
000-21250
  
94-2615258
(State or Other Jurisdiction
of Incorporation)		   (Commission File No.)   (IRS Employer
Identification No.)
         
500 Howard Street, San Francisco, CA
      94105
(Address of principal executive offices)       (Zip Code) 
 
(415) 278-7000
(Registrant’s telephone number, including area code)
 
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 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 for Certain Officers.

 
(e) On December 9, 2008, the Compensation Committee of the Board of Directors of The Gymboree Corporation (the "Company") approved decreases in the base salary of the Company’s executive officers.  Effective December 15, 2008, the base salaries of the Company’s named executive officers will be paid at adjusted salary rates as follows:
 
 
Name
 
 
Title
Current 2008 Salary Rate
Adjusted 2008
Salary Rate

Reduction
           
Matthew K. McCauley
 
 
 
Chief Executive Officer
 
$750,000
 
$637,500
 
15%
 
Kip M. Garcia
 
 
 
President
 
$425,000
 
$374,000
 
12%
 
Blair W. Lambert
 
 
 
Chief Operating Officer and Chief Financial Officer
 
 
 
$385,000
 
 
 
$338,800
 


12%
 
Marina Armstrong
 
 
 
Senior Vice President, Stores, Human Resources and Play & Music and Secretary
 
 
 

$385,000
 
 
 

$338,800
 
 
 

12%
 
Lynda G. Gustafson
 
 
 
Vice President, Corporate Controller
 

$230,000
 

$207,000
 

10%
 
 

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.
 
 
  THE GYMBOREE CORPORATION
     
     
     
     
Dated:  December 15, 2008
By:
/s/ BLAIR W. LAMBERT
 
 
 
 
Name:  Blair W. Lambert
Title:  Chief Operating Officer and
Chief Financial Officer
 
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