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
April 8, 2008 |
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 |
|
|
|
|
|
180
East Fifth Street, Suite 1300 |
|
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. |
Fiscal 2008 Executive Cash Incentive Program
At a meeting on April 8, 2008, the Compensation Committee (the Committee) of the Board of Directors (the Board) of Gander Mountain Company (the Company) implemented a cash incentive compensation program for the fiscal year ending January 31, 2009 (fiscal 2008) pursuant to which the Companys executive officers are eligible to receive cash incentive payments. Pursuant to this program, the Companys executive officers will receive cash incentive payments based upon the achievement by the Companys retail store operations of certain pre-tax, pre-incentive payment income targets for fiscal 2008 that were established by the Committee. In accordance with their existing employment agreements, the maximum awards payable to the Companys executive officers under this program, as a percentage of their base salaries for fiscal 2008, are equal to 200% for the Companys Chief Executive Officer and 100% for the Companys other executive officers.
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: April 11, 2008 |
/s/ Eric R. Jacobsen |
|
|
|
Eric R. Jacobsen |
|
|
Senior Vice President, General
Counsel and |
3