UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
(Exact Name of Registrant as Specified in its Charter)
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Delaware |
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0-20574 |
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51-0340466 |
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(State or other
jurisdiction |
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(Commission File Number) |
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(IRS Employer
Identification |
26901 Malibu Hills Road
Calabasas Hills, California 91301
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:
(818) 871-3000
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):
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 240.14.d-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 January 7, 2010, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of The Cheesecake Factory Incorporated (the “Company”) approved base salaries for fiscal 2010, effective as of January 3, 2010, for the following named executive officers (the “Named Executive Officers”):
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Name |
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Title |
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Base Salary for 2010 |
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David Overton |
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Chairman and Chief Executive Officer |
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$ |
875,000 |
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W. Douglas Benn |
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Executive Vice President and Chief Financial Officer |
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$ |
420,000 |
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Debby R. Zurzolo |
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Executive Vice President, General Counsel and Secretary |
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$ |
392,500 |
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Max Byfuglin |
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President, The Cheesecake Factory Bakery, Inc. |
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$ |
343,500 |
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Cheryl Slomann |
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Vice President and Controller |
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$ |
220,000 |
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In addition, the Compensation Committee approved grants of equity awards of the Company’s common stock to each of the Named Executive Officers under the terms of the Company’s 2001 Omnibus Stock Incentive Plan, as amended and restated (“Plan”), as follows:
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Name |
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Number of Stock Options |
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Number of Restricted Shares |
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David Overton |
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200,000 |
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— |
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W. Douglas Benn |
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15,000 |
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10,000 |
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Debby R. Zurzolo |
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15,000 |
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10,000 |
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Max Byfuglin |
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15,000 |
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10,000 |
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Cheryl Slomann |
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10,000 |
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5,000 |
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The stock options were granted at an exercise price of $21.42 per share which was the closing price for the Company’s common stock on January 7, 2010, the date of grant. The options vest as to 20% of the shares on each of January 7, 2011, 2012, 2013, 2014 and 2015. The restricted shares vest as to 60% of the shares on January 7, 2013 and as to 20% of the shares on each of January 7, 2014 and 2015. These grants were made pursuant to the terms and conditions of a form of award agreement(s) for Named Executive Officers previously approved by the Compensation Committee and filed with the Securities and Exchange Commission.
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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Date: January 12, 2010 |
THE CHEESECAKE FACTORY INCORPORATED |
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By: |
/s/ Debby R. Zurzolo |
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Debby R. Zurzolo |
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Executive Vice President, General Counsel and Secretary |