-----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, R8uqdBr+I4iBE0XTKgtU3Mie69105yxlwR7P4O5mE2IkffxbEw53R1bmJkixkeUK sZZMnbED+i9SmJev4yKCBA== 0000813920-06-000025.txt : 20060303 0000813920-06-000025.hdr.sgml : 20060303 20060303160421 ACCESSION NUMBER: 0000813920-06-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060303 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060303 DATE AS OF CHANGE: 20060303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CEC ENTERTAINMENT INC CENTRAL INDEX KEY: 0000813920 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 480905805 STATE OF INCORPORATION: KS FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13687 FILM NUMBER: 06664018 BUSINESS ADDRESS: STREET 1: PO BOX 152077 CITY: IRVING STATE: TX ZIP: 75015 BUSINESS PHONE: 9722585403 MAIL ADDRESS: STREET 1: PO BOX 152077 CITY: IRVING STATE: TX ZIP: 75015 FORMER COMPANY: FORMER CONFORMED NAME: SHOWBIZ PIZZA TIME INC DATE OF NAME CHANGE: 19920703 8-K 1 k8bonusplan.txt AMENDMENT TO BONUS PLAN 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) March 3, 2006 ---------------------------- CEC ENTERTAINMENT, INC. (Exact name of registrant as specified in charter) Kansas 0-15782 48-0905805 (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 4441 West Airport Freeway Irving, Texas 75062 (Address of principal executive offices and zip code) (972) 258-8507 (Registrant's telephone number, including area code) N/A (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)). Item 1.01: Entry into a Material Definitive Agreement On February 27, 2006, the Compensation Committee of the Board of Directors of CEC Entertainment, Inc. (the "Company") amended the Company's Incentive Bonus Plan (the "Bonus Plan"), in which all Company employees other than certain field operations personnel are eligible to participate. The amendment to the Bonus Plan includes the addition of a tenure-based element applicable to those employees involved in store operations at the General Manager and District Technician level and all other eligible Company employees who are employed below a Manager position level. To be entitled to receive a tenure-based bonus, eligible employees must be employed a certain minimum number of years by the Company, ranging from three to five years. After satisfying the minimum years of service requirement, tenure is thereafter rewarded at 5 year intervals up to a maximum of 20 years. The dollar amount of annual tenure-based bonuses range from a minimum of $750 up to a maximum of $3,000. The amendment to the Bonus Plan also includes a change in one of the criteria used to determine the performance-based element of the Bonus Plan, which is still applicable to eligible employees of the Company in any position ranging from Manager level up to the Chief Executive Officer. Currently, the performance criteria is based upon comparable store sales and net income results for the applicable fiscal year of the Bonus Plan. The amendment to the Bonus Plan changes the net income component to an earnings per share component. Other terms of the Bonus Plan remain the same. The amendments to the Bonus Plan will be submitted to the Company's stockholders for approval. 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. CEC ENTERTAINMENT, INC. Date: March 3, 2006 By: /s/ Christopher D. Morris ------------------------------------------------- Christopher D. Morris Executive Vice President, Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----