Form 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): March 10, 2011

 

 

ZUMIEZ INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Washington

(State or Other Jurisdiction

of Incorporation)

 

000-51300   91-1040022

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

6300 Merrill Creek Parkway, Suite B, Everett, Washington   98203
(Address of Principal Executive Offices)   (Zip Code)

(425) 551-1500

(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 (see General Instruction A.2. below):

 

¨ 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.

(e) Compensatory Arrangements of Certain Officers

On March 10, 2011, Zumiez Inc. (the “Company”) amended the salary of Richard M. Brooks, the Company’s Chief Executive Officer. The Compensation Committee of the Board of Directors of the Company increased Mr. Brook’s base salary from $262,500 per year to $613,200 per year. The decision to increase Mr. Brook’s salary was made by the Compensation Committee in light of Mr. Brook’s contributions to the Company over the last 18 years, the strong financial performance of the Company in fiscal 2010 and in order to bring Mr. Brook’s salary closer to the 40th percentile peer group target, which is in line with the Company’s overall compensation philosophy.

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.

 

        ZUMIEZ INC.
    (Registrant)
Date: March 14, 2011   By:  

/s/ Richard M. Brooks

    Richard M. Brooks
    Chief Executive Officer