As filed with the Securities and Exchange Commission on June 23, 2004
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): June 22, 2004
PLAYTEX PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12620 51-0312772
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number Identification No.)
300 NYALA FARMS ROAD
WESTPORT, CONNECTICUT 06880
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 341-4000
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On June 23, 2004, Playtex Products, Inc. (the "Company") issued a press
release announcing that Michael R. Gallagher, the Company's Chief Executive
Officer, plans to retire at or prior to the end of the year.
Under the terms of Mr. Gallagher's retirement agreement, Mr. Gallagher
has agreed with the Company as to certain non-competition and non-solicitation
provisions for a five-year period following his retirement. Mr. Gallagher will
receive a payment of $2.5 million upon his retirement. In addition, $5.0 million
will be paid to him ratably over twenty-four months commencing in January 2005.
These payments will be recorded ratably as an expense over the five-year period
of the non-competition and non-solicitation provisions.
A copy of the press release is filed as Exhibit 99.1, and a copy of the
retirement agreement is filed as Exhibit 10.1 to this to this Current Report on
Form 8-K and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NUMBER DESCRIPTION
-------------- -----------
10.1 Retirement Agreement, dated June 22, 2004,
between Playtex Products, Inc. and Michael
R. Gallagher
99.1 Press Release, dated June 23, 2004, issued
by Playtex Products, Inc.
SIGNATURES
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, thereunto duly authorized.
Dated: June 23, 2004
PLAYTEX PRODUCTS, INC.
By: /s/ Glenn A. Forbes
---------------------------------------
Name: Glenn A. Forbes
Title: Executive Vice President and
Chief Financial Office
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
-------------- -----------
10.1 Retirement Agreement, dated June 22, 2004, between
Playtex Products, Inc. and Michael R. Gallagher
99.1 Press Release, dated June 23, 2004, issued by
Playtex Products, Inc.