Irinquiries@prestigebrands.com
Prestige Consumer Healthcare Inc.
660 White Plains Road – Ste 250
Tarrytown, NY 10591
Telephone: 914-524-6819
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 23, 2005
PRESTIGE BRANDS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE |
|
001-32433 |
|
20-1297589 |
(State or other
jurisdiction of |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
90 North
Broadway
Irvington, New York 10533
(Address of Principal executive offices, including Zip Code)
(914)
524-6810
(Registrants telephone number, including area code)
N/A
(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:
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 1.01 Entry into a Material Definitive Agreement.
On March 23, 2005, the Compensation Committee of the Board of Directors of Prestige Brands Holdings, Inc. (the Company) authorized, and the Board of Directors of the Company ratified, the items discussed below relating to director compensation.
Non-employee members of the Companys Board of Directors will receive an annual cash retainer in the amount of $25,000 (payable quarterly in advance) plus $1,500 for each board meeting or committee meeting attended in person ($750 if attended telephonically). Each non-employee director will also receive a one-time grant of $20,000 in common stock of the Company upon joining the Board (to be granted on the day of the annual meeting where such non-employee director is first elected or re-elected to the Board, as the case may be) and an annual grant of $50,000 in shares of restricted stock of the Company, subject to annual vesting over a two-year period. The Company will reimburse all members of the Board of Directors for reasonable out-of-pocket expenses they incur in connection with their service as directors.
Item 8.01 Other Events.
On March 23, 2005, the Board of Directors elected Peter C. Mann, a current director and Chief Executive Officer of the Company, to serve as Chairman of the Board.
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.
|
PRESTIGE BRANDS HOLDINGS, INC. |
|||
|
|
|
||
|
|
/s/ Peter J. Anderson |
||
Date: March 23, 2005 |
Name: |
Peter J. Anderson |
||
|
Title: |
Chief Financial Officer |
||
3