-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DhBPdQx8CoNU272tKBHQ8APFwL6zQliaYcytV9LZWmWOKW7hnqCApEXWkh6p4CcL eSc0vRkliHnT5VKWPYdjyQ== 0001275211-08-000008.txt : 20080409 0001275211-08-000008.hdr.sgml : 20080409 20080409110105 ACCESSION NUMBER: 0001275211-08-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080403 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080409 DATE AS OF CHANGE: 20080409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIMMONS CO CENTRAL INDEX KEY: 0001275211 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] IRS NUMBER: 200646221 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-124138 FILM NUMBER: 08746862 BUSINESS ADDRESS: STREET 1: ONE CONCOURSE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30328-6188 BUSINESS PHONE: 770-512-7700 MAIL ADDRESS: STREET 1: ONE CONCOURSE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30328-6188 FORMER COMPANY: FORMER CONFORMED NAME: THL BEDDING HOLDING CO DATE OF NAME CHANGE: 20040102 8-K 1 form8_k.htm FORM 8-K DATED APRIL 9, 2008 form8_k.htm

     
 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
     
     
Date of Report (Date of Earliest Event Reported): April 3, 2008
 
 
SIMMONS COMPANY
  
 
(Exact Name of Registrant as Specified in its Charter)
 
 
Delaware
  
 
(State or Other Jurisdiction of Incorporation)
 
 
333-124138
  
20-0646221
 
(Commission File Number)
  
(I.R.S. Employer Identification No.)
 
 
One Concourse Parkway, Suite 800
    
Atlanta, Georgia
  
30328-6188
 
(Address of Principal Executive Offices)
  
(Zip Code)
 
 
   
770-512-7700
    
 
(Registrant’s Telephone Number, Including Area Code)
 
   
NA
    
 
(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 April 3, 2008, the board of directors of Simmons Holdco, Inc. (“Simmons Holdco” or “Company”), the parent of Simmons Company, agreed to amend all outstanding restricted stock agreements and stock option agreements (collectively, “Stock Agreements”), including the Stock Agreements with the Chief Executive Officer, the Chief Financial Officer and the other Named Executive Officers,  as follows:

1.  
For those Stock Agreements with vesting targets for the 2009 and 2010 measurement years, increase  the Adjusted EBITDA vesting targets for 2009 and for 2010 to reflect the recent acquisition of certain assets of CP Holdco, Inc.  
2.  
For all Stock Agreements, add an additional provision to provide vesting of unvested class B common stock awards upon a change of control of the Company in 2008, 2009 or 2010 if the net proceeds received upon a change of control per class A common stock meet or exceed certain multiples as compared to the original cost of the class A common stock.  



SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, Simmons Company has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.


 
SIMMONS COMPANY

By: 
/s/ William S. Creekmuir
 
     William S. Creekmuir
 
     Executive Vice President and Chief Financial Officer

Date:
April 9, 2008


 
 -----END PRIVACY-ENHANCED MESSAGE-----