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 12, 2014
Sprouts Farmers Market, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-36029 | 32-0331600 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
11811 N. Tatum Boulevard, Suite 2400
Phoenix, Arizona 85028
(Address of principal executive offices and zip code)
(480) 814-8016
(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 ( see General Instruction A.2. below):
¨ | 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. |
On March 12, 2014, Sprouts Farmers Market, Inc. (the Company) entered into an amendment (the Amendment) to its employment agreement (the Agreement) dated April 18, 2011 (the Effective Date) with James Nielsen, the Companys Chief Operating Officer, to revise the term of the Agreement to extend automatically for one additional year on each anniversary of the Effective Date, unless during the 30-day period prior to any such anniversary, the Company or Mr. Nielsen notifies the other not to have the term so extended. All other provisions of the Agreement remain unchanged.
The above summary is qualified by reference to the complete text of the Amendment that is filed herewith as Exhibit 10.1 and is incorporated into this Item 5.02 by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit
|
Description |
|
10.1 | Amendment No. 1, dated March 12, 2014, to the Employment Agreement, dated April 18, 2011 by and between Sprouts Farmers Markets, LLC and James Nielsen |
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.
SPROUTS FARMERS MARKET, INC. | ||||||
Date: March 12, 2014 | By: |
/s/ Brandon F. Lombardi |
||||
Name: |
Brandon F. Lombardi |
|||||
Title: |
Chief Legal Officer and Corporate Secretary |
EXHIBIT INDEX
Exhibit
|
Description |
|
10.1 | Amendment No. 1, dated March 12, 2014, to the Employment Agreement, dated April 18, 2011 by and between Sprouts Farmers Markets, LLC and James Nielsen |
Exhibit 10.1
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
This Amendment No. 1 (this Amendment), dated as of March 12, 2014, is made by and between Sprouts Farmers Market, Inc., a Delaware corporation (the Company), and James Nielsen (the Executive).
WHEREAS , the Company and Executive are parties to an employment agreement (the Employment Agreement) dated as of April 18, 2011 (the Effective Date); and
WHEREAS , the parties desire to amend the Employment Agreement as provided below.
NOW, THEREFORE , in consideration of the promises and mutual agreements herein contained, the parties hereby agree as follows:
1. Amendment to Section 2. Section 2 shall hereby be amended to read in its entirety as follows:
Term of Employment . The term of this Agreement shall be the time period from the Effective Date and continue in accordance with the following sentence (the Term ). On each annual anniversary of the Effective Date, the Term shall be extended for one additional year, unless during the 30-day period prior to any such anniversary, the Company or the Executive notifies the other in writing not to have the Term so extended. The portion of the Term during which the Executive is actually employed by the Company under this Agreement is referred to as the Employment Period .
2. Ratification. All other provisions of the Employment Agreement remain unchanged and are hereby ratified by the Company and Executive.
IN WITNESS WHEREOF , the parties have executed this Amendment on the date set forth above.
Company: |
Sprouts Farmers Market, Inc. |
/s/ Doug Sanders |
By: Doug Sanders, Chief Executive Officer |
Executive: |
/s/ James Nielsen |
James Nielsen |