Registrant's
telephone number, including area code: 847-724-7500
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:
[ ]
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
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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) Under
the Company’s 1993 Executive Contributory Retirement Income Plan (“ECRIP”),
certain executives may elect to defer a portion of their salary and/or executive
incentive payments and receive the matching contributions they would otherwise
receive if such deferrals had been made under our tax-qualified Savings and
Investment Plan (in lieu of any matching contributions under the tax-qualified
plan), without regard to IRS-imposed limits. Amounts deferred and
related Company contributions receive interest at 130% of the monthly Moody’s
Corporate Bond Yield Average (the “Moody’s Rate”) if the executive reaches
retirement eligibility as defined in the plan or his or her employment ends due
to death or disability. If the executive’s employment terminates
prior to death, disability or retirement, such amounts receive interest at 100%
of the Moody’s Rate. At its October 30, 2009 meeting, the Company’s
Board of Directors approved an amendment to the ECRIP to discontinue the
crediting of 130% of the Moody’s Rate on deferrals and Company contributions
made after December 31, 2009, such that the 100% of Moody’s Rate would apply for
these amounts under all circumstances. Deferrals and Company
contributions made prior to January 1, 2010 remain entitled to receive 130% of
the Moody’s Rate if the executive reaches retirement eligibility or his or her
employment ends due to death or disability.
Item
9.01Financial Statements and
Exhibits
(d)
Exhibits
Exhibit
Number
Exhibit
Description
10
Executive
Contributory Retirement Income Plan, as amended and restated, effective
January 1, 2010.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.