UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 16, 2011
CHEROKEE INC.
(Exact name of registrant as specified in its charter)
|
Delaware |
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1-18640 |
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95-4182437 |
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(State or Other Jurisdiction of |
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(Commission |
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(I.R.S. Employer |
5990 Sepulveda Blvd.
Van Nuys, California 91411
(Address of Principal Executive Offices) (Zip Code)
(818) 908-9868
(Registrant’s 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):
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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On December 16, 2011, the Compensation Committee (the “Committee”) of the Board of Directors of Cherokee Inc. (“Cherokee”) approved the payment of a discretionary bonus to Cherokee’s Chief Executive Officer, Henry Stupp, in the amount of $100,000 (the “Bonus”), which is to be paid in accordance with Cherokee’s payroll practices. The Committee awarded the Bonus in recognition of Mr. Stupp’s significant contributions to Cherokee during 2011, including Mr. Stupp’s successful efforts in strengthening Cherokee’s relationships with its licensees.