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): April 7, 2009
Vector Group Ltd.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-5759
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65-0949535 |
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(State of other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 100 S.E. Second Street, Miami, Florida
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33131 |
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(Zip Code) |
(305) 579-8000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K fling is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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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)) |
Item 1.01 Entry into a Material Definitive Agreement
On April 7, 2009, Howard M. Lorber, the President and Chief Executive Officer of Vector Group
Ltd. (the “Company”), was awarded a restricted stock grant of 500,000 shares of the Company’s
common stock pursuant to the Company’s Amended and Restated 1999 Long-Term Incentive Plan. In
connection with the grant, the Company entered into a Restricted Share Award Agreement (the
“Restricted Share Agreement”) with Mr. Lorber on that date. Pursuant to the Restricted Share
Agreement, one-fifth of the shares vest on September 15, 2010 and on each anniversary thereof
through September 15, 2014. In the event Mr. Lorber’s employment with the Company is terminated
for any reason other than his death, his disability or a change of control (as defined in the
Restricted Share Agreement) of the Company, any remaining balance of the shares not previously
vested will be forfeited by Mr. Lorber.
The summary of the foregoing transaction is qualified in its entirety by reference to the text
of the Restricted Share Agreement, which is included as an exhibit hereto and incorporated herein
by reference.
Item 9.01 Financial Statements and Exhibits
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(d) |
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Exhibits |
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10.1 |
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Restricted Share Award Agreement, dated as of April 7, 2009, between Vector
Group Ltd. and Howard M. Lorber. |
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