Quarterly report pursuant to Section 13 or 15(d)

Executive Transition

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Executive Transition
9 Months Ended
Sep. 30, 2012
Executive Transition  
Executive Transition

14.                Executive Transition

 

In June 2011, the Company announced the departure of its Chief Financial Officer and Chief Marketing Officer.  The Company appointed a new Chief Marketing Officer, effective as of August 2, 2011 and a new Chief Financial Officer was appointed, effective as of September 12, 2011.  Charges of $0.5 million and $1.4 million for the twelve and forty weeks ended October 2, 2011, respectively, related to executive transition were recorded in selling, general and administrative expense.