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 17, 2009
Columbia Sportswear Company
(Exact name of registrant as specified in its charter)
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Oregon
(State or other jurisdiction of
incorporation)
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0-23939
(Commission File Number)
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93-0498284
(I.R.S. Employer Identification No.) |
14375 Northwest Science Park Drive
Portland, Oregon 97229
(Address of principal executive offices) (Zip
Code)
(503) 985-4000
(Registrant’s telephone number, including area code)
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| ITEM 5.02 |
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
(b)
On March 17, 2009, Columbia Sportswear Company (the “ Company”) announced that Mark J.
Sandquist’s employment as Vice President of Global Apparel Merchandising and ACE of the
Company would be terminated, effective as of March 24, 2009. In accordance with the Company’s
Change In Control Severance Plan, subject to Mr. Sandquist’s agreement to release any claims
against the Company and various other conditions, Mr. Sandquist is entitled to receive compensation
in the amount of $514,800, and other specified benefits.
(e)
The information set forth under Item 5.02(b) above relating to the severance benefits payable to
Mr. Sandquist, subject to the terms of the Company’s Change In Control Severance Plan, is
incorporated into this Item 5.02(e) by reference.