J. C. Penney Company, Inc. 8-K
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): September 21, 2007
J.
C. PENNEY COMPANY, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or other jurisdiction
of
incorporation )
|
1-15274
(Commission
File No.)
|
26-0037077
(IRS
Employer
Identification
No.)
|
|
6501
Legacy Drive
Plano,
Texas
(Address
of principal executive offices)
|
75024-3698
(Zip
code)
|
Registrant's
telephone number, including area code: (972)
431-1000
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))
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain
Officers; Compensatory Arrangements of Certain Officers.
(e)
Form
of Executive Termination Pay Agreement. On
September 21, 2007, the Human Resources and Compensation Committee as well
as
the independent members of the Company’s Board of Directors approved amendments
to the Company’s form of Executive Termination Pay Agreement (“ETPA”), which is
described in the 2007 Proxy Statement filed with the Securities and Exchange
Commission on April 4, 2007. The amendments were adopted to comply with certain
requirements of Section 409A of the Internal Revenue Code of 1986, as amended,
and related regulations. A copy of the amended and restated ETPA is filed
herewith as Exhibit 10.1 and is incorporated herein by reference.
Item
9.01 Financial
Statements and Exhibits.
|
(d)
|
|
Exhibit 10.1
|
Form
of Executive Termination Pay Agreement, as amended and restated
effective
September 21, 2007
|
SIGNATURE
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.
J.
C. PENNEY COMPANY, INC.
By:
/s/ Michael T. Theilmann
Michael
T. Theilmann
Executive
Vice President, Chief Human
Resources
and Administration Officer
Date:
September 26, 2007
EXHIBIT
INDEX
Exhibit
Number Description
10.1 Form
of Executive Termination Pay Agreement, as
amended
and restated effective September 21, 2007