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: January 24, 2007
(Date of earliest event reported)
LENOX GROUP INC
(Exact name of registrant as specified in its charter)
Commission File Number: 1-11908
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Delaware |
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13-3684956 |
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(State or other jurisdiction of incorporation) |
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(IRS Employer Identification No.) |
One Village Place, 6436 City West Parkway, Eden Prairie, MN 55344
(Address of principal executive offices, including zip code)
(952) 944-5600
(Registrant’s telephone number, including area code)
Not Applicable
(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:
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.
(e) On January 24, 2007, Lenox Group Inc (the “Company”) entered into an amendment (the “Amendment”) to the consulting agreement (the “Consulting Agreement”) it signed with Carl Marks Advisory Group LLC (“CMAG”) on January 4, 2007. The details of the Consulting Agreement have been previously described in the Company’s Current Report on Form 8-K filed on January 9, 2007.
Pursuant to the Amendment, CMAG will provide the Company with an additional Managing Director to assist in (1) the development of the 2007 business plan incorporating cost savings and profit improvement action plans to be developed in conjunction with the Company’s management and (2) financial analysis and modeling related to the overall business, segment profitability and balance sheet tasks. The Company will pay CMAG $50,000 per month for these additional services. It is estimated that such additional services will be required for approximately a period of two months.
SIGNATURE
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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LENOX GROUP INC | ||
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By: |
/s/ Timothy J. Schugel |
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Timothy J. Schugel | |
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Chief Financial and Operating Officer | |
Date: January 29, 2007