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 25, 2009
RADIOSHACK
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-5571
|
75-1047710
|
|
(State
or other
|
(Commission
|
(I.R.S.
Employer
|
|
jurisdiction
of
|
File
Number)
|
Identification
No.)
|
|
incorporation)
|
Mail
Stop CF3-203, 300 RadioShack Circle, Fort Worth,
Texas 76102
(Address
of principal executive
offices) (Zip
Code)
Registrant’s
telephone number, including area code: (817) 415-3700
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
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| o |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act
|
| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
|
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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Item
1.01 Entry into a Material Definitive Agreement.
See Item 5.02 for a
discussion of the Offer Letter, entered into between RadioShack Corporation (the
"Company") and Ms. Kim Warmbier, the Company's newly appointed Senior Vice
President – Human Resources.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 25, 2009,
the Company announced that it had appointed Ms. Kim Warmbier to the position of
Senior Vice President – Human Resources. Ms. Warmbier began her
employment with the Company on March 23, 2009.
Previously, Ms.
Warmbier was Chief Personnel Officer for PepsiCo Sales. Before that
she served as Group Vice President - Human Resources for Frito Lay North America
Sales. Ms. Warmbier has more than 20 years experience with
Frito Lay, a PepsiCo division, including employee, industrial and labor
relations; compensation and benefits; change management; recruitment and
staffing; succession planning; and leadership development.
In connection with
Ms. Warmbier’s appointment as Senior Vice President – Human Resources, the
following sets forth Ms. Warmbier’s base salary and 2009 annual
bonus.
| Base Annual Salary: | $300,000 | ||
| 2009 Annual Bonus: | $210,000 |
Ms. Warmbier’s
annual target bonus is equal to 70% of her base salary and payment is subject to
the Company achieving certain performance metrics. Ms. Warmbier’s
annual bonus for 2009 will be prorated for the period of time she was employed
by the Company.
Ms. Warmbier will
participate in the Company’s Long Term Incentive Compensation Plan covering
calendar years 2008, 2009 and 2010, payable in 2011. Under this three
year plan, Ms. Warmbier’s target bonus is equal to 70% of her base salary, or
$210,000. In addition, Ms. Warmbier will participate in the Company’s
Long Term Incentive Compensation Plan covering calendar years 2009, 2010 and
2011, payable in 2012. Under this three year plan, Ms. Warmbier’s
target bonus is also equal to 70% of her base salary. Payments made
pursuant to the three year plans referenced above are subject to the Company
achieving certain performance metrics. Ms. Warmbier's target bonuses under
these Long Term Incentive Compensation Plans will also be prorated for the
period of time she was employed by the Company.
2
Ms. Warmbier will
also be eligible for relocation assistance and to participate in the Company’s
health and welfare plans, 401(k) plan, Officers’ Severance Program, and
Executive Life and Long Term Disability benefits.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No.
99.1 Press
Release, dated March 25, 2009
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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 this 25th
day of March, 2009.
| RadioShack Corporation | |
| (Registrant) | |
|
By:
/s/ James F. Gooch
|
|
| James F. Gooch | |
| Executive Vice President - | |
| Chief Financial Officer | |
| (Principal Financial Officer) |
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