|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/20/20 Patterson Companies, Inc. 8-K:5,9 4/17/20 11:151K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 28K 2: EX-10 Material Contract HTML 12K 6: R1 Document and Entity Information HTML 47K 7: XML IDEA XML File -- Filing Summary XML 11K 9: XML XBRL Instance -- d904169d8k_htm XML 13K 8: EXCEL IDEA Workbook of Financial Reports XLSX 6K 4: EX-101.LAB XBRL Labels -- pdco-20200417_lab XML 53K 5: EX-101.PRE XBRL Presentations -- pdco-20200417_pre XML 34K 3: EX-101.SCH XBRL Schema -- pdco-20200417 XSD 12K 10: JSON XBRL Instance as JSON Data -- MetaLinks 12± 18K 11: ZIP XBRL Zipped Folder -- 0001193125-20-112207-xbrl Zip 11K
| EX-10 |
Exhibit 10
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into as of April 17, 2020, by and between Patterson Companies, Inc., a corporation duly organized and existing under the laws of the State of Minnesota, with a place of business at 1031 Mendota Heights Road, St. Paul, MN 55120 (hereinafter referred to as the “Company”), and Mark S. Walchirk, a resident of Minnesota (hereinafter, referred to as “Executive,” together with the Company, the “Parties” and each, a “Party”).
RECITALS
The Company is currently employing Executive as the Company’s President and Chief Executive Officer pursuant to an Employment Agreement made and entered into as of October 23, 2017 (the “Agreement”). Pursuant to the Agreement, the Parties agreed upon, among other things, a base salary, which is subject to review on an annual basis and may be increased as determined in the sole discretion of the Board of Directors of the Company (such amount as calculated pursuant to Section 3(a) of the Agreement and as in effect on the date of this Amendment, the “Base Salary”). In the context of the current COVID-19 pandemic, the Parties hereby wish to memorialize a temporary reduction in Executive’s Base Salary.
AGREEMENT
From May 1, 2020 through July 31, 2020, Executive’s Base Salary shall be reduced by 35% (the “Reduction”). The Reduction shall have no impact on Executive’s Non-Equity Incentive Plan Compensation under Section 3(b) of the Agreement, Executive’s Long-Term Incentives under Section 3(c) of the Agreement nor Executive’s benefits under Section 6 of the Agreement. If Executive becomes entitled to severance benefits under Section 10 or Section 11 of the Agreement, the Reduction shall be disregarded for purposes of the Base Salary computations required thereunder. Executive agrees that the Reduction will not constitute “Good Reason” or breach under the Agreement or any other agreement with the Company, and will not confer or trigger any additional rights or entitlements for Executive from the Company or any of its affiliates. The Parties further agree that the remainder of the Agreement shall continue in full force and effect.
SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Amendment the day and year first above written.
| PATTERSON COMPANIES, INC. | ||
| By: | /s/ John D. Buck | |
| John D. Buck | ||
| Chairman of the Board | ||
| EXECUTIVE | ||
| By: | /s/ Mark S. Walchirk | |
| Mark S. Walchirk | ||
[Signature Page to Amendment No. 1 to Employment Agreement by and between Patterson Companies, Inc. and Mark S. Walchirk, dated April 17, 2020]
2
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 7/31/20 | DEF 14A, DEFA14A | |||
| 5/1/20 | ||||
| Filed on: | 4/20/20 | |||
| For Period end: | 4/17/20 | |||
| 10/23/17 | 8-K | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/29/22 Patterson Companies, Inc. 10-K 4/30/22 109:11M 6/23/21 Patterson Companies, Inc. 10-K 4/24/21 116:13M |