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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
December 8,
2009
JONES APPAREL GROUP, INC.
Pennsylvania (State or Other Jurisdiction of Incorporation) |
1-10746 (Commission File Number) |
06-0935166 (IRS Employer Identification No.) |
1411 Broadway New York, New York 10018 (Address of principal executive offices) |
||
(212) 642-3860
(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:
[ ] 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.
On December 8, 2009, Jones Apparel Group, Inc. (the "Company") and John T. McClain, the Company's Chief Financial Officer, entered into an amendment of Mr. McClain's employment agreement to extend the term of the agreement until June 30, 2013. Except for the term extension, the terms of Mr. McClain's employment agreement remain unchanged.
The foregoing description of the amendment to Mr. McClain's employment agreement is qualified in its entirety by reference to the amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. | Description |
10.1 | Amendment No. 2 dated December 8, 2009 to Employment Agreement between Jones Apparel Group, Inc. and John T. McClain dated as of July 11, 2007. |
2
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.
JONES APPAREL GROUP, INC. (Registrant) By: /s/ John T. McClain |
Date: December 8, 2009
3
Exhibit Index
Exhibit No. | Description |
10.1 | Amendment No. 2 dated December 8, 2009 to Employment Agreement between Jones Apparel Group, Inc. and John T. McClain dated as of July 11, 2007. |
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EXHIBIT 10.1
JONES APPAREL GROUP, INC.
December 8, 2009 |
Mr. John T. McClain
25 Beachmont Terrace
North Caldwell, New Jersey 07006
Re: Amendment No. 2 to Employment Agreement
Dear John:
Reference is made to your Employment Agreement dated as of July 11, 2007, by and between you and Jones Apparel Group, Inc. (the "Company"), as amended by Amendment No. 1 dated July 18, 2008 (the "Employment Agreement"). All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Employment Agreement.
This will confirm our agreement that, effective as of the date hereof, the terms and conditions of the Employment Agreement are hereby amended as follows:
1. Section 2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following Section 2:
"2. Term. The Company shall employ the Executive for the period commencing as of July 16, 2007 and ending as of June 30, 2013 (the "Term")."
2. Except as otherwise set forth in this Amendment No. 2 to Employment Agreement, the Employment Agreement is ratified and confirmed in all respects and remains in full force and effect.
Please acknowledge your agreement with the foregoing by signing the enclosed copy of this Amendment No. 2 to Employment Agreement and returning it to the Company in the manner directed by the Company.
Very truly yours, JONES APPAREL GROUP, INC. /s/ Wesley R. Card |
Agreed in all respects:
/s/ John T. McClain
John T. McClain
1411 BROADWAY, NEW YORK, NEW YORK 10018