-----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, H28Xd/1/OtSAeNMKdUh8NVrOjbD7/zRSwYpqhi7Tr+gAhpXg7tttqTc/yGWc7kQh alIvcnyNs5B9DujYtlya9g== 0000950138-05-000280.txt : 20050401 0000950138-05-000280.hdr.sgml : 20050401 20050401163802 ACCESSION NUMBER: 0000950138-05-000280 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050328 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050401 DATE AS OF CHANGE: 20050401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARNES & NOBLE INC CENTRAL INDEX KEY: 0000890491 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 061196501 STATE OF INCORPORATION: DE FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12302 FILM NUMBER: 05725909 BUSINESS ADDRESS: STREET 1: 122 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2126333300 MAIL ADDRESS: STREET 1: 122 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10011 8-K 1 april1_8-k.txt B&N\2005 FILINGS\APRIL 1 8-K 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 Date of Report (Date of earliest event reported): March 28, 2005 --------------------- BARNES & NOBLE, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-12302 06-1196501 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 122 Fifth Avenue, New York, NY 10011 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (212) 633-3300 - -------------------------------------------------------------------------------- Registrant's Telephone Number, Including Area Code - -------------------------------------------------------------------------------- (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 1.01 Entry into a Material Definitive Agreement On March 28, 2005, the Compensation Committee of the Board of Directors of Barnes & Noble, Inc. (the "Company") approved the performance criteria under the Company's 2004 Executive Performance Plan for purposes of determining bonuses for the Company's fiscal year ending January 28, 2006 to be paid to the Company's Named Executive Officers (as defined in Item 402(a)(3) of Regulation S-K). The performance criteria are based on earnings before interest, taxes, depreciation and amortization, either on a consolidated or bookstores only basis, with bonus payouts based on a percentage of annual salary as set forth below. Bonuses may also be earned in lesser percentages if targets are not achieved by specified amounts.
- -------------------------------------------------------------------------------------------------------------- Maximum Annual Bonus Payable as Percentage of Annual Bonus as Percentage Annual Salary if Target Named Executive Officer of Annual Salary if Target Achieved Exceeded by Specified Amount - -------------------------------------------------------------------------------------------------------------- Leonard Riggio 150% 175% Chairman - -------------------------------------------------------------------------------------------------------------- Stephen Riggio 150% 175% Vice Chairman and Chief Executive Officer - -------------------------------------------------------------------------------------------------------------- Mitchell S. Klipper 150% 175% Chief Operating Officer - -------------------------------------------------------------------------------------------------------------- Marie J. Toulantis 150% 175% Chief Executive Officer of Barnes & Noble.com - -------------------------------------------------------------------------------------------------------------- J. Alan Kahn 60% 80% President of Barnes & Noble Publishing Group - --------------------------------------------------------------------------------------------------------------
On April 1, 2005, each of the Company's non-employee directors received a grant of restricted shares of the Company, under the Company's 2004 Incentive Plan, having a fair market value of $20,000 based on the per share closing price of such stock on the New York Stock Exchange on such date, vesting on April 1, 2006. 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. BARNES & NOBLE, INC. (Registrant) By: /s/ Joseph J. Lombardi --------------------------------- Joseph J. Lombardi Chief Financial Officer Date: April 1, 2005 -----END PRIVACY-ENHANCED MESSAGE-----