Form 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):         May 24, 2012                                                 

Williams-Sonoma, Inc.

 

(Exact name of registrant as specified in its charter)

 

Delaware

  

001-14077

  

94-2203880

(State or other

jurisdiction of

incorporation)

  

(Commission File

Number)

  

(IRS Employer

Identification No.)

            3250 Van Ness Avenue, San Francisco, California 94109            

(Address of principal executive offices)

Registrant’s telephone number, including area code                 (415) 421-7900                

                                                             N/A                                                                  

(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)

 

[ ]   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

On May 24, 2012, Williams-Sonoma, Inc. (the “Company”) held its 2012 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved a proposal to amend and restate the Company’s 2001 Incentive Bonus Plan (the “Plan”) to increase the participant payment limit to ten million dollars per award period, to extend its term for an additional year and to approve the material terms of the Plan so that the Company may continue to use the Plan to achieve the Company’s goals and continue to receive a federal income tax deduction for certain compensation paid under the Plan.

The Plan, as amended, is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders

The information contained in Item 5.02 above is hereby incorporated by reference. At the Annual Meeting, the following proposals were voted on and approved by the Company’s stockholders:

Proposal 1: Election of Board of Directors:

       
Name of Director    For    Withheld    Broker Non-Vote
       

Laura J. Alber

    86,326,982    46,292    4,038,206
       

Adrian D.P. Bellamy

    83,662,559    46,945    4,038,206
       

Rose Marie Bravo

    86,518,885    47,070    4,038,206
       

Mary Ann Casati

    86,495,047    71,945    4,038,206
       

Patrick J. Connolly

    86,314,065    43,258    4,038,206
       

Adrian T. Dillon

    86,527,619    39,901    4,038,206
       

Anthony A. Greener

    83,920,885    41,808    4,038,206
       

Ted W. Hall

    83,942,107    45,388    4,038,206
       

Michael R. Lynch

    86,260,784    45,663    4,038,206
       

Lorraine Twohill

    86,522,196    44,127    4,038,206

All director nominees were duly elected.

Proposal 2: Amendment and Restatement of the Williams-Sonoma, Inc. 2001 Incentive Bonus Plan:

       
For    Against    Abstain    Broker Non-Vote
       

84,988,446

    1,601,687    42,276    4,038,206

Proposal 2 was approved.

Proposal 3: Advisory vote on executive compensation:

       
For    Against    Abstain    Broker Non-Vote
       

82,488,780

    4,073,510    70,119    4,038,206

 

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Proposal 3 was approved, on a non-binding advisory basis.

Proposal 4: Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 3, 2013:

       
For    Against    Abstain    Broker Non-Vote
       

90,266,040

    347,090    57,485    -

Proposal 4 was approved.

 

Item 9.01      Financial Statements and Exhibits

 

      (d)           List of Exhibits:

 

            10.1    Williams-Sonoma, Inc. 2001 Incentive Bonus Plan, as amended*
   *Incorporated by reference to Exhibit A to the Company’s Definitive Proxy Statement on Schedule 14A as filed with the Securities and Exchange Commission on April 6, 2012.

 

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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 hereunto duly authorized.

 

            WILLIAMS-SONOMA, INC.
Date: May 25, 2012     By:   /s/ Julie P. Whalen
          Julie P. Whalen
          Acting Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit Number

  

Description

10.1   Williams-Sonoma, Inc. 2001 Long-Term Incentive Plan, as amended*
  *Incorporated by reference to Exhibit A to the Company’s Definitive Proxy Statement on Schedule 14A as filed with the Securities and Exchange Commission on April 6, 2012.