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 1, 2006
V. F. Corporation
(Exact Name of Registrant as Specified in Charter)
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Pennsylvania
(State or Other Jurisdiction of Incorporation)
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1-5256
(Commission File Number)
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23-1180120
(IRS Employer Identification No.) |
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105 Corporate Center Boulevard
Greensboro, North Carolina
(Address of Principal Executive Offices)
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27408
(Zip Code) |
Registrants telephone number, including area code 336-424-6000
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))
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Item 1.01. |
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Entry into a Definitive Material Agreement. |
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Item 5.02. |
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Appointment of Principal Officers. |
On March 1, 2006, the Board of Directors of VF Corporation (VF) elected Eric C. Wiseman President
and Chief Operating Officer of VF. Prior to his election to the new position, Mr. Wiseman, 50, who
has been with VF for eleven years, was Executive Vice President Global Brands of VF. Mr.
Wiseman, who has 28 years of experience in the apparel industry, joined VF in 1995 as Executive
Vice President of JanSport and has held a progression of leadership roles within and across VFs
coalitions. With the acquisition of Bestform Intimates in 1998, Wiseman became President of
Bestform Intimates. In 2000, he was appointed Vice President and Chairman of the Global Intimate
Apparel coalition. In 2003, he was appointed Vice President and Chairman of VFs newly formed
Sportswear Coalition, and in 2004 was named Vice President and Chairman of VFs Outdoor and
Sportswear Coalitions. He became Executive Vice President, Global Brands for VF Corporation in May
2005. Mackey McDonald, Chairman, Chief Executive Officer and President prior to Mr. Wisemans
election as President and Chief Operating Officer, will continue to serve as Chairman and Chief
Executive Officer.
In connection with Mr. Wisemans election to his new position, his salary was increased to
$700,000 and he was awarded 25,000 shares of restricted stock. The restricted stock will vest in
2011 but is subject to forfeiture if Mr. Wiseman leaves VF voluntarily or his employment is
terminated by VF for any reason or if VF does not have positive earnings in the 2006 fiscal year.
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By: |
/s/ Candace S. Cummings
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Candace S. Cummings |
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Vice President Administration,
General Counsel and Secretary |
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