Document
UNITED STATES
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
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Date of Report (Date of Earliest Event Reported): | | April 16, 2018 |
Kirkland’s, Inc.
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(Exact name of registrant as specified in its charter) |
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Tennessee | 000-49885 | 62-1287151 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
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5310 Maryland Way, Brentwood, Tennessee | | 37027 |
(Address of principal executive offices) | | (Zip Code) |
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Registrant’s telephone number, including area code: | | 615-872-4800 |
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| 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 16, 2018, Kirkland’s, Inc. (the “Company”), entered into a retention agreement with Nicole Strain, the Company’s interim Chief Financial Officer (the “Retention Agreement”), pursuant to which she has an opportunity to receive a $25,000 retention bonus (the “Retention Bonus”). Ms. Strain will receive the Retention Bonus if she remains with the Company for 90 days following the start date of the Company’s new permanent Chief Executive Officer or in the event that her employment is terminated during such 90 day period without good cause or if she quits for good reason. The preceding description of the Retention Agreement is a summary of its material terms, does not purport to be complete, and is qualified in its entirety by reference to the Retention Agreement, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished as part of this Report:
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.
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| | Kirkland’s, Inc. |
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April 16, 2018 | | By: | | /s/ Carter R. Todd |
| | | | Name: Carter R. Todd |
| | | | Title: Vice President and General Counsel |