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):  August 25, 2014

 

99 CENTS ONLY STORES LLC

(Exact name of registrant as specified in its charter)

 

California

 

1-11735

 

95-2411605

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

4000 East Union Pacific Avenue

 

 

City of Commerce, California

 

90023

(Address of principal executive offices)

 

(Zip Code)

 

(323) 980-8145

(Registrant’s telephone number, including area code)

 

None

(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 5.02                                           Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

99 Cents Only Stores LLC (the “Company”) filed with the Securities and Exchange Commission a Transition Report filed on Form 10-K on April 22, 2014 (the “Transition Report”). The Summary Compensation Table that was included in the Transition Report did not include bonus compensation for the 2014 fiscal year because the amounts of such bonuses were not determined and calculable at the time the Transition Report was filed.

 

On August 25, 2014, the Compensation Committee of the Board of Directors of the Company authorized and approved the payment of cash bonuses for the 2014 fiscal year to the Company’s named executive officers. The table below reflects the amounts of the fiscal 2014 bonus payments, the total fiscal 2014 compensation as reported in the Transition Report and the total recalculated compensation, including bonus payments approved for the Company’s named executive officers, for fiscal year 2014.

 

Name and Principal
Position

 

Fiscal
2014 Bonus

 

Total Fiscal 2014
Compensation as Reported in
the Transition Report

 

Total Fiscal 2014
Compensation Including Fiscal
2014 Bonus

 

 

 

 

 

 

 

 

 

Stéphane Gonthier
President and Chief Executive Officer

 

$

372,653

 

$

10,335,200

 

$

10,707,853

 

 

 

 

 

 

 

 

 

Frank Schools
Senior Vice President, Chief Financial Officer and Treasurer

 

$

74,412

 

$

302,832

 

$

377,244

 

 

 

 

 

 

 

 

 

Michael Kvitko
Executive Vice President, Chief Merchandising Officer

 

$

106,702

 

$

470,297

 

$

576,999

 

 

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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 thereunto duly authorized.

 

 

99 CENTS ONLY STORES LLC

 

 

 

Dated: August 28, 2014

By:

/s/ Chris Laurence

 

 

Christopher Laurence

 

 

Interim Chief Financial Officer

 

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