8-K 1 form8kpress.txt FORM 8-K DATED MAY 1, 2007 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): May 1, 2007 0-15898 (Commission File Number) ______________________________ CASUAL MALE RETAIL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 04-2623104 (State of Incorporation) (IRS Employer Identification Number) 555 Turnpike Street, Canton, Massachusetts 02021 (Address of registrant's principal executive office) (781) 828-9300 (Registrant's telephone number) ______________________________ 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)) ITEM 5.02 - DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. Election of New Director The Board of Directors of Casual Male Retail Group, Inc (the "Company") elected Mitchell S. Presser as a director of the Company on May 1, 2007. Mr. Presser is the Managing Director of Fox Paine Management III, LLC, a private equity firm. Mr. Presser will serve as a director until the Company's next annual meeting of stockholders which is expected to be held on July 31, 2007. As part of Mr. Presser's initial election as a director, Mr. Presser received an option to purchase 15,000 shares of the Company's common stock at an exercise price of $11.35 per share, the closing price of the Company's common stock on May 1, 2007. The option vests ratably over two years, with the first one-third vesting on the date of grant. 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. CASUAL MALE RETAIL GROUP, INC. By: /s/ DENNIS R. HERNREICH --------------------------- Name: Dennis R. Hernreich Title: Executive Vice President and Chief Financial Officer Date: May 4, 2007