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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Felcor Lodging Trust Incorporated (delisted) | NYSE:FCH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.30 | 0 | 01:00:00 |
Date
of Report (Date of earliest event reported)
|
December
28, 2009
|
FelCor
Lodging Trust Incorporated
|
||
(Exact
name of registrant as specified in its charter)
|
||
Maryland
|
001-14236
|
75-2541756
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
545
E. John Carpenter Frwy., Suite 1300
Irving,
Texas
|
75062
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(972)
444-4900
|
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 (
see
General Instruction
A.2. below):
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
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.
|
•
|
Deferred
cash payments granted in 2009 and scheduled to vest in 2011 and 2012 will
be paid currently but remain subject to restrictions; in particular, those
funds, or the securities purchased with those funds (only cash equivalents
and/or FelCor securities are permitted), will be subject to a “claw-back”
agreement that substantively mirrors the remaining vesting schedule (
i.e.
, the claw-back
would expire in 2011 and 2012 with respect to ratable portions of the cash
and/or securities).
|
•
|
In
the absence of shares available under the Company’s equity compensation
plan sufficient to make normal annual restricted stock grants, additional
cash payments are to be made in 2010 to grantees, with the amount of such
payments being equal to the value of the restricted stock that would
otherwise have been granted; provided that those funds, or the securities
permitted to be purchased with those funds (only cash equivalents and/or
FelCor securities), will be subject to a “claw-back” agreement that
substantively mirrors the customary three-year vesting schedule (
i.e.
, the claw-back
would expire in with respect to three ratable portions of the cash and/or
securities March 1st of the next three calendar
years).
|
|
The
committee will take into consideration market conditions, the best
interests of our stockholders and other relevant circumstances in future
years to determine when we will return to our customary annual restricted
stock grant program.
|
Item
9.01
|
Financial
Statements and Exhibits.
|
Exhibit
Number
|
Description
of Exhibit
|
|
10.1
|
Form
of Amendment to Employee Stock Grant and Supplemental Long-Term
Compensation Payment
|
|
10.2
|
Form
of Restricted Payment Contract
|
|
10.3
|
Form
of Employee Stock Grant
|
FELCOR
LODGING TRUST INCORPORATED
|
||||
Date: December
29, 2009
|
By:
|
/s/
Jonathan H. Yellen
|
||
Name:
|
Jonathan
H. Yellen
|
|||
Title:
|
Executive
Vice President,
General
Counsel and Secretary
|
Exhibit
Number
|
Description
of Exhibit
|
|
10.1
|
Form
of Amendment to Employee Stock Grant and Supplemental Long-Term
Compensation Payment
|
|
10.2
|
Form
of Restricted Payment Contract
|
|
10.3
|
Form
of Employee Stock Grant
|
1 Year Felcor Lodging Chart |
1 Month Felcor Lodging Chart |
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