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 3, 2009

STANDARD PARKING CORPORATION
(Exact name of registrant as specified in its charter)
         
Delaware   000-50796   16-1171179
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
900 N. Michigan Avenue, Suite 1600, Chicago, Illinois
  60611
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (312) 274-2000
 
Not Applicable
(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))

 
 

 

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

Pursuant to the Standard Parking Corporation Long-Term Incentive Plan dated March 1, 2004, as amended (the “Plan”), on July 1, 2008, the Company awarded certain of its named executive officers and senior officers restricted stock units (“RSUs”) pursuant to a Standard Parking Corporation Restricted Stock Unit Agreement (the “Agreement”), the form of which was filed on July 2, 2008. These RSUs represent the right, subject to the terms, conditions and vesting schedule of the Plan and the applicable Agreement, to receive a distribution of a share of the Company’s Common Stock. On August 3, 2009, the Form Standard Parking Corporation Restricted Stock Unit Agreement was amended by the First Amendment to the Form of Standard Parking Corporation Restricted Stock Unit Agreement, the form of which is attached hereto as exhibit 10.1.

Item 9.01. Financial Statements and Exhibits.

10.1   First Amendment to Form of Standard Parking Corporation Restricted Stock Unit Agreement.

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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.

     
  STANDARD PARKING CORPORATION
 
Date: August 6, 2009 By:  /s/ G. MARC BAUMANN
    G. Marc Baumann,
Chief Financial Officer

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EXHIBIT INDEX

10.1   First Amendment to Form of Standard Parking Corporation Restricted Stock Unit Agreement.

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Exhibit 10.1

FIRST AMENDMENT TO RESTRICTED STOCK UNIT AGREEMENT

This First Amendment to the Restricted Stock Unit Agreement is made and entered into effective the 3rd day of August, 2009, between Standard Parking Corporation, a Delaware corporation (the “ Company ”) and Robert N. Sacks (the " Recipient ”).

WHEREAS , the Company and the Recipient previously entered into that certain Restricted Stock Unit Agreement effective July 1, 2008 (the “ Agreement ”); and

WHEREAS , the Company and the Recipient desire to amend the Agreement on the terms provided herein.

NOW, THEREFORE , in consideration of the following mutual covenants and for other good and valuable consideration, the parties agree as follows:

Paragraph 11 of the Agreement (“ Dividend Equivalents ”) shall be deleted in its entirety and no dividend equivalents shall be awarded with respect to the Restricted Stock Units.

IN WITNESS WHEREOF , the Company and the Recipient have caused this First Amendment to be executed on its and his or her behalf effective the day and year first written above.

       
STANDARD PARKING CORPORATION   RECIPIENT
 
By:      
 
Its:      

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