SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 9, 2012
CENTRAL EUROPEAN DISTRIBUTION CORPORATION
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction
3000 Atrium Way, Suite 265
Mount Laurel, New Jersey
|(Address of Principal Executive Offices)||(Zip Code)|
(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.
Entry into Employment Agreement with Mr. Bartosz Kolacinski, interim Chief Financial Officer
On November 9, 2012, Central European Distribution Corporation (the Company) entered into an Interim Employment Agreement with Bartosz Kolacinski. The Employment Agreement is effective as of September 14, 2012 (the Effective Date) which is the day on which Mr. Kolacinski was appointed interim Chief Financial Officer as disclosed in the Companys Form 8-K filed with the Securities and Exchange Commission on September 18, 2012. The Employment Agreement provides, among other things, that:
Mr. Kolacinskis term of employment under the Employment Agreement will continue until the earlier of January 14, 2013 or the 30th day following the date on which a permanent Chief Financial Officer commences employment with the Company. The term may be extended by mutual agreement of the parties.
Mr. Kolacinskis base salary during the term will be PLN 50,000 per month.
Mr. Kolacinski will be eligible to receive at the end of the term a bonus equal to PLN 40,000 (the Bonus).
Mr. Kolacinski will be granted an equity award of 4,000 shares of the Companys common stock (the Equity Award) which will be eligible to vest at the end of the term.
As additional benefits, Mr. Kolacinski will receive the use of a company car and health plan coverage.
If the Company terminates Mr. Kolacinskis employment other than for Cause (as defined in the Employment Agreement), disability or death, prior to the date on which a permanent Chief Financial Officer commences employment with the Company, or if Mr. Kolacinski terminates his employment after certain events occur without his consent, Mr. Kolacinski will be eligible to receive (i) payment of all accrued obligations, (ii) a lump sum payment equal to the base salary that would have been paid to Mr. Kolacinski had the term remained in effect, (iii) payment of the Bonus, and (iv) vesting of the Equity Award.
The foregoing summary is qualified in its entirety by reference to the full text of the Employment Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
|Item 9.01||Financial Statements and Exhibits.|
|10.1||Interim Employment Agreement entered into as of September 14, 2012 between Central European Distribution Corporation and Bartosz Kolacinski.|
Pursuant to the requirements of the Securities Exchange Act of 1934, Central European Distribution Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|CENTRAL EUROPEAN DISTRIBUTION CORPORATION|
|David A. Bailey|
|Interim Chief Executive Officer|
Date: November 9, 2012