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
July 9, 2007
Date of report (Date of earliest event reported)
GANDER MOUNTAIN COMPANY
(Exact Name of Registrant as Specified in its Charter)
Minnesota |
|
0-50659 |
|
41-1990949 |
|
(State of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
180 East Fifth Street, Suite 1300 |
|
|
|
||
Saint Paul, Minnesota |
|
|
55101 |
||
(Address of Principal Executive Offices) |
|
|
(Zip Code) |
||
(651) 325-4300
(Registrants 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 (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 July 9, 2007, we amended our employment agreements with our executive officers other than Dennis Lindahl, to: (a) memorialize the previously-disclosed terms of the new incentive program for our executive officers, (b) reduce the severance amounts payable under the employment agreements in the event of terminations without cause to an amount equal to the executive officers base salary prior to entering into the amendment, (c) reduce the severance amounts payable under the employment agreements in the context of terminations following a change in control to the amount set forth in clause (b) plus $250,000, and (d) to make certain other changes to the terms of the executive officers employment. This description of the amendments is only a summary and is qualified in its entirety by the full text of the form of the amendments, which is included as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.
On July 10, 2007, we entered into a letter agreement with Mr. Lindahl that amended his employment agreement in order to allow him to receive the severance payments described in his employment agreement if he voluntarily terminates his employment on or before September 15, 2007, provided that such payments will be reduced by the sum of all amounts Mr. Lindahl receives for work performed between July 24, 2007 and his termination date. This description of the letter agreement amending Mr. Lindahls employment agreement is only a summary and is qualified in its entirety by the full text of the letter agreement, which is included as Exhibit 10.2 to this current report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
10.1 |
|
Form of Amendment to Employment Agreement for the Registrants Executive Officers |
|
|
|
|
|
|
10.2 |
|
Letter Agreement dated July 10, 2007 by and between the Registrant and Dennis M. Lindahl |
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.
|
GANDER MOUNTAIN COMPANY |
|||
|
|
|
||
|
|
|
||
Date: July 13, 2007 |
|
/s/ Eric R. Jacobsen |
|
|
|
|
|
Eric R. Jacobsen |
|
|
|
|
Senior Vice President, General Counsel and Secretary |
|
3
EXHIBIT INDEX
No. |
|
Description |
|
Manner of Filing |
|
|
|
|
|
10.1 |
|
Form of Amendment to Employment Agreement for the Registrants Executive Officers |
|
Filed Electronically |
10.2 |
|
Letter Agreement dated July 10, 2007 by and between the Registrant and Dennis M. Lindahl |
|
Filed Electronically |