Sotheby's Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2009-12-23: Form 8-K; Period of report 2009-12-18; Description 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Details 5.02.
- 2009-11-10: Form 8-K; Period of report 2009-11-05; Description 2.02 Results of Operations and Financial Condition; Details 2.02.
- 2009-09-01: Form 8-K; Period of report 2009-08-31; Description 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 7.01 Regulation FD Disclosure; Details 1.01.
- 2009-08-07: Form 8-K; Period of report 2009-08-04; Description 2.02 Results of Operations and Financial Condition; Details 2.02.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2009-12-23 | 8-K | 2009-12-18 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On December 18, 2009, Sotheby’s, a Delaware corporation (the “Company”) entered into severance agreements that will become effective on January 1, 2010 with each of Bruno Vinciguerra, Executive Vice President and Chief Operating Officer of the Company, and Mitchell Zuckerman, Chairman of Sotheby’s Financial Services, Inc., a Company subsidiary. | c59738_8k.htm |
| 2009-11-10 | 8-K | 2009-11-05 | 2.02 Results of Operations and Financial Condition | 2.02 On November 5, 2009, Sotheby’s, a Delaware corporation (the “Company”) issued a press release discussing its results of operations for the three and nine months ended September 30, 2009. | c59310_8k.htm |
| 2009-09-01 | 8-K | 2009-08-31 | 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 7.01 Regulation FD Disclosure | 1.01 On August 31, 2009, in order to obtain longer term financing with a more flexible covenant package, Sotheby’s and certain of its wholly-owned subsidiaries (collectively the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with General Electric Capital Corporation (“GE Capital”), as Agent, GE Capital Markets, Inc. and HSBC Bank PLC as Joint Lead Arrangers and Joint Bookrunners, and the lenders named therein (collectively, the “Lenders”). 1.02 On August 31, 2009, in connection with the execution of the Credit Agreement discussed in Item 1.01 above, Sotheby’s terminated the BofA Credit Agreement. 2.03 The disclosure set forth under Item 1.01 above is incorporated herein by reference. 7.01 On September 1, 2009, Sotheby’s issued a press release with respect to its entry into the Credit Agreement. | c58640_8k.htm |
| 2009-08-07 | 8-K | 2009-08-04 | 2.02 Results of Operations and Financial Condition | 2.02 On August 4, 2009, Sotheby’s (the “Company”), a Delaware corporation, issued a press release discussing its results of operations for the three and six months ended June 30, 2009. | c58466_8k.htm |
| 2009-06-26 | 8-K | 2009-06-26 | 1.01 Entry into a Material Definitive Agreement | 1.01 Sotheby’s has a senior secured credit agreement with a syndicate of lenders arranged by Bank of America Securities N.A. (“BofA”) (the “BofA Credit Agreement”) that expires on September 7, 2010. | c58060_8-k.htm |
| 2009-05-13 | 8-K | 2009-05-07 | 2.02 Results of Operations and Financial Condition | 2.02 On May 8, 2009, Sotheby’s, a Delaware corporation (the “Company”) issued a press release discussing its results of operations for the three months ended March 31, 2009. | c57596_8-k.htm |
| 2009-04-28 | 8-K | 2009-04-27 | 2.05 Costs Associated with Exit or Disposal Activities; 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 8.01 Other Events | 2.05 As reported in a Current Report on Form 8-K dated December 4, 2008 and its Annual Report on Form 10-K for the year ended December 31, 2008, Sotheby’s (or the “Company”) reported that, due to the downturn in the global economy and international art market, its Board of Directors had approved restructuring plans in the fourth quarter of 2008 and first quarter of 2009 impacting its Auction segment in North America, the United Kingdom (the “U.K.”) and Continental Europe, as well as certain corporate departments. 5.02 As reported in a Current Report on Form 8-K dated March 23, 2009, effective May 1, 2009, as part of the Company’s ongoing cost reduction initiatives, the Compensation Committee of the Board of Directors determined that the annual base salaries of each of the Company’s Named Executive Officers, or NEOs, who are named in the Company’s 2009 Proxy Statement, would be reduced by at least 10%. 8.01 On April 27, 2009, the Executive Committee of Sotheby’s Board of Directors decided to reduce the Company’s indicated annual dividend rate from $0.60 per share to $0.20 per share, a 67% reduction. | c57393_8-k.htm |
| 2009-03-23 | 8-K | 2009-03-23 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On March 23, 2009, Sotheby’s (the “Company”) and William F. Ruprecht, the Company’s President and Chief Executive Officer, agreed to an amendment (the “Amendment”) of Mr. Ruprecht’s employment arrangement to reduce Mr. Ruprecht’s annual base salary by $100,000, from $700,000 to $600,000, effective April 1, 2009. | c57014_8k.htm |
| 2009-03-03 | 8-K | 2009-02-26 | 2.02 Results of Operations and Financial Condition | 2.02 On February 26, 2009 Sotheby’s, a Delaware corporation (the “Company”) issued a press release discussing its results of operations for the year ended December 31, 2008. | c56818_8-k.htm |
| 2009-02-09 | 8-K | 2009-02-04 | 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 8.01 Other Events | 1.01 Sotheby’s (or the “Company”) has a senior secured credit agreement with an international syndicate of lenders arranged by Bank of America Securities N.A. (“BofA”) (the “BofA Credit Agreement”) that expires on September 7, 2010. 2.01 On February 7, 2003, Sotheby’s sold the land and building located at 1334 York Avenue, New York, N.Y. (the “York Property”) to an affiliate of RFR Holding Corp. (“RFR”) and entered into an agreement to lease it back from RFR for an initial 20-year term, with options for the Company to extend the lease for two additional 10-year terms. 8.01 On December 23, 2008, the Company repurchased an aggregate principal amount of $19 million of its $150 million aggregate outstanding 7.75% Senior Notes (the “Senior Notes”), due June 15, 2015, for a purchase price of $10.5 million (representing 56% of the aggregate principal amount). | c56566_8k.htm |