0001157523-14-003137.txt : 20140730 0001157523-14-003137.hdr.sgml : 20140730 20140730164804 ACCESSION NUMBER: 0001157523-14-003137 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140725 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140730 DATE AS OF CHANGE: 20140730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BON TON STORES INC CENTRAL INDEX KEY: 0000878079 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 232835229 STATE OF INCORPORATION: PA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19517 FILM NUMBER: 141003384 BUSINESS ADDRESS: STREET 1: 2801 E MARKET ST CITY: YORK STATE: PA ZIP: 17402-2406 BUSINESS PHONE: 7177577660 MAIL ADDRESS: STREET 1: P O BOX 2821 CITY: YORK STATE: PA ZIP: 17405-2821 8-K 1 a50915708.htm THE BON-TON STORES, INC. 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):  July 25, 2014

THE BON-TON STORES, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania

0-19517

23-2835229

(State or Other Jurisdiction
Of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

2801 E. Market Street, York, Pennsylvania 17402

(Address of principal executive offices, zip code)

(717) 757-7660
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

(d) Election of Directors

On July 25, 2014, the Board of Directors of The Bon-Ton Stores, Inc. (the “Company”) unanimously elected Daniel T. Motulsky to serve as a member of the Board, effective August 1, 2014.   

Mr. Motulsky will receive, on a prorated basis, the Company's standard director compensation arrangements applicable to directors who are not employees of the Company in accordance with the terms of director compensation disclosed in the Company’s Proxy Statement filed with the Securities and Exchange Commission on May 6, 2014.   

There was no arrangement or understanding between Mr. Motulsky and any other persons pursuant to which Mr. Motulsky was selected as a director.  

In 2013, the Company paid Lazard Freres & Co., for which Mr. Motulsky was a Managing Director and Global Head of Consumer & Retail, a fee of $350,000 in connection with the offering of the Company’s 8.00% Second Lien Senior Secured Notes due 2021.

The election of Mr. Motulsky was announced in the press release attached hereto as Exhibit 99.1 and incorporated by reference herein.


Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
 
99.1 Press Release dated July 30, 2014, regarding the election of a new director.
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 thereunto duly authorized.

THE BON-TON STORES, INC.
 
 
Dated: July 30, 2014 By: /s/ Keith E. Plowman

Name:

Keith E. Plowman

Title:

Executive Vice President—Chief Financial Officer


3

EX-99.1 2 a50915708-ex991.htm EXHIBIT 99.1

Exhibit 99.1

The Bon-Ton Stores, Inc. Appoints a New Member to Its Board of Directors

YORK, Pa.--(BUSINESS WIRE)--July 30, 2014--The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced its Board of Directors has unanimously elected Daniel T. Motulsky to its Board, effective August 1, 2014.

Mr. Motulsky, 52, was a Managing Director and Global Head of Consumer & Retail of Lazard from 2000 to June 2014, having joined the firm in 1998. Lazard is a global financial advisory and asset management firm that engages in investment banking, asset management and other financial services primarily with institutional clients.

Prior to his service with Lazard, Mr. Motulsky was a partner of Tanner & Co., Inc., a merchant banking and mergers and acquisitions advisory firm. He previously served as an investment banker with Salomon Brothers Inc and began his career as a software design engineer at VLSI Technology, Inc. Mr. Motulsky received a B.S. with Distinction in Electrical Engineering and Computer Science from Stanford University in 1985.

Tim Grumbacher, Chairman of the Board, stated, “We are very pleased to welcome Dan as a member of our Board of Directors. Dan possesses extraordinary experience in the consumer and retail industries, which I believe will be invaluable to Bon-Ton. We welcome Dan’s insight and counsel as we continue to execute our business strategies for profitable growth and increased shareholder value.”

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 272 department stores, which includes 10 furniture galleries, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

CONTACT:
The Bon-Ton Stores, Inc.
Mary Kerr, 717-751-3071
Vice President
Investor & Public Relations
mkerr@bonton.com