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): March 1, 2006 (February 27, 2006)
Ennis, Inc.
(Exact Name of Registrant as Specified in Its Charter)
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| Texas
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1-5807
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75-0256410 |
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| (State or Other
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(Commission
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(IRS Employer |
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File Number)
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Identification No.) |
| Incorporation) |
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| 2441 Presidential Pkwy |
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| Midlothian, Texas
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76065 |
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| (Address of Principal
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(Zip Code) |
| Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: (972) 775-9801
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
ITEM 1.01 Entry Into a Material Definitive Agrement.
On February 27, 2006, the Compensation Committee of the Board of Directors of Ennis, Inc. granted
incentive and non-qualified stock options to purchase shares of the Company’s common stock to
certain executive officers of the Company, pursuant to the Ennis Inc. 2004 Long-term Incentive
Plan, with an exercise price of $19.69 per share and restricted stock grants, as follows:
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| Named Executive |
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Incentive Stock |
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Non-Qualified Stock |
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Total Stock Option |
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Restricted Stock |
| Officer/Title |
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Option |
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Option |
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Grant |
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Grant |
Keith Walters — CEO |
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5,078 |
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122 |
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5,200 |
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9,920 |
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Michael Magill — EVP |
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2,539 |
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61 |
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2,600 |
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6,624 |
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Richard Travis — CFO |
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5,078 |
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122 |
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5,200 |
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1,000 |
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Ron Graham — VP of Adm. |
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5,078 |
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122 |
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5,200 |
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1,875 |
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The incentive and non-qualified stock options vest immediately, while the restricted stock grants
vest ratably in 3 equal annual installments commencing on the first anniversary of the date of
grant or upon a change in control of the Company. Additional terms of the stock options granted
to the named executive officers are set forth in the form of the stock option agreement attached
hereto as Exhibit 10.1 and incorporated herein by reference. Additional terms with respect to the
restricted stock granted to the named executive officers are set forth in the form of the
restricted stock agreement attached hereto as Exhibit 10.2 and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
(c) Exhibits.
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| Exhibit No. |
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Description |
10.1
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Form of Executive Incentive and Non-Qualified Stock Option Agreement |
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10.2
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Form of Executive Restricted Stock Agreement |
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.
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Ennis, Inc.
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| Date: March 1, 2006 |
By: |
/s/ Richard L. Travis, Jr.
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Richard L. Travis, Jr. |
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Chief Financial Officer |
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