0000874841-16-000126.txt : 20160427 0000874841-16-000126.hdr.sgml : 20160427 20160427121054 ACCESSION NUMBER: 0000874841-16-000126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160422 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20160427 DATE AS OF CHANGE: 20160427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC SUNWEAR OF CALIFORNIA INC CENTRAL INDEX KEY: 0000874841 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 953759463 STATE OF INCORPORATION: CA FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-21296 FILM NUMBER: 161594238 BUSINESS ADDRESS: STREET 1: 3450 EAST MIRALOMA AVENUE CITY: ANAHEIM STATE: CA ZIP: 92806 BUSINESS PHONE: 714-414-4000 MAIL ADDRESS: STREET 1: 3450 EAST MIRALOMA AVENUE CITY: ANAHEIM STATE: CA ZIP: 92806 8-K 1 form8-k2016x04x22sibal.htm 8-K 8-K


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): April 22, 2016
 
 
PACIFIC SUNWEAR OF CALIFORNIA, INC.
(Exact Name of Registrant as Specified in Charter)
 
 
California
 
0-21296
 
95-3759463
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
3450 East Miraloma Avenue
Anaheim, CA
 
92806-2101
(Address of principal executive offices)
 
(Zip Code)
(714) 414-4000
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 (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 April 22, 2016, the Company selected Ernie Sibal, age 44, as its Vice President and Chief Financial Officer. Mr. Sibal has been the Company’s Vice President of Real Estate, Construction and Strategy since September 2015. Before that, he was the Company’s Senior Director of Real Estate, Construction and Strategy. Mr. Sibal has been employed by the Company since 2008 and has been instrumental in the restructuring and management of the Company’s real estate portfolio. He has a B.S. in Civil Engineering from Stanford University.
Mr. Sibal replaces Chris Tedford, who resigned as the Company’s Vice President and Interim Chief Financial Officer on April 22, 2016, to pursue other endeavors. Since Mr. Tedford’s resignation was voluntary, he will not be entitled to receive severance benefits from the Company.
Mr. Sibal will report to Gary H. Schoenfeld, the Company’s President and CEO, and will receive a base salary of $300,000 per year. He will be entitled to receive an annual bonus based on the Company’s achievement of a pre-set financial target and his achievement of performance criteria determined by Mr. Schoenfeld. His target bonus will be 35% of his base salary with a maximum bonus opportunity equal to 70% of his base salary. He also will be entitled to participate in the Company’s benefits plans on terms consistent with those applicable to other executives of the Company.




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.
Dated: April 27, 2016
 
PACIFIC SUNWEAR OF CALIFORNIA, INC.
 
 
 
/s/ CRAIG E. GOSSELIN
 
Craig E. Gosselin
Senior Vice President, General Counsel and Human Resources