Attached files
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EX-10.1 - FOURTH AMENDED AND RESTATED EMPLOYMENT AGREEMENT - Warner Chilcott plc | dex101.htm |
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: August 26, 2011
Date of earliest event reported: August 26, 2011
Warner Chilcott Public Limited Company
(Exact name of registrant as specified in its charter)
Ireland | 0-53772 | 98-0626948 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1 Grand Canal Square
Docklands
Dublin 2, Ireland
(Address of principal executive offices, including zip code)
+353 1 897 2000
(Registrants telephone number, including area code)
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:
¨ | 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. |
Warner Chilcott plc (the Company) announced on August 26, 2011 that Anthony Bruno, the Companys Executive Vice President, Corporate Development, will retire at the end of 2011. Effective immediately, Michael Halstead, the Companys Senior Vice President, Corporate Development, will assume the duties for which Mr. Bruno was formerly responsible. In light of Mr. Brunos anticipated retirement, the Company amended and restated his employment agreement, effective August 26, 2011. Under the terms of the amended and restated agreement, Mr. Bruno will receive the following benefits, in addition to his accrued rights, following his retirement from the Company: a cash severance amount of $1,794,494; accelerated vesting of a portion of his outstanding equity awards scheduled to vest in the first quarter of 2012; up to 24 months of continued health benefits at the Companys expense and continued life insurance coverage until December 31, 2013. In addition, at the discretion of the Companys Compensation Committee, Mr. Bruno may be eligible to receive a payment in respect of his 2011 annual incentive award. Mr. Bruno will be restricted from soliciting any of the Companys customers and employees for 24 months following his termination of employment. The foregoing description of Mr. Brunos amended and restated agreement does not purport to be complete and is qualified in its entirety by reference to the full text of his amended and restated employment agreement, a copy of which is attached hereto as Exhibit 10.1 and the terms of which are incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit Number |
Description | |
10.1 | Fourth Amended and Restated Employment Agreement, dated as of August 26, 2011, between Warner Chilcott (US), LLC and Anthony D. Bruno. |
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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.
WARNER CHILCOTT PUBLIC LIMITED COMPANY | ||
By: | /s/ Paul Herendeen | |
Name: | Paul Herendeen | |
Title: | Executive Vice President and Chief Financial Officer |
Date: August 26, 2011
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EXHIBIT INDEX
Exhibit |
Description | |
10.1 | Fourth Amended and Restated Employment Agreement, dated as of August 26, 2011, between Warner Chilcott (US), LLC and Anthony D. Bruno. |