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): October 17, 2014

 

 

Hanesbrands Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland		001-32891		20-3552316
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)
1000 East Hanes Mill Road, Winston-Salem, NC				27105
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (336) 519-8080

 

 

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))

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Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 17, 2014, the Board of Directors of Hanesbrands Inc. (the “Company”) increased the number of members of the Board of Directors from nine to ten and elected David V. Singer to serve as a director of the Company. The election of Mr. Singer is effective immediately, and he will serve until the Company’s next annual meeting of stockholders and until his successor is elected and qualified, or until his resignation or removal. Mr. Singer will serve as a member of the Audit Committee.

Mr. Singer’s compensation will be consistent with the Company’s previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on March 10, 2014, under the heading “Director Compensation.” Mr. Singer will receive cash compensation for 2014, prorated to reflect the commencement date of his Board service.

Other than the standard compensation arrangements described above, there are no arrangements or understandings between Mr. Singer and any other person pursuant to which he was elected as a director. The Company is not aware of any transaction with Mr. Singer that would require disclosure under Item 404(a) of Regulation S-K.

The press release issued by the Company announcing Mr. Singer’s election is furnished as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits

Exhibits

99.1	Press release dated October 20, 2014

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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.

 

October 20, 2014		HANESBRANDS INC.
		By:		/s/ Joia M. Johnson
				Joia M. Johnson
				Chief Legal Officer, General Counsel and Corporate Secretary

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Exhibits

 

99.1	Press release dated October 20, 2014

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HanesBrands

1000 East Hanes Mill Road

Winston-Salem, NC 27105

(336) 519-8080

                            

news release

FOR IMMEDIATE RELEASE

News Media, contact:            Matt Hall, (336) 519-3386

Analysts and Investors, contact:    T.C. Robillard, (336) 519-2115

HANESBRANDS APPOINTS DAVID V. SINGER TO BOARD OF DIRECTORS

WINSTON-SALEM, N.C. (Oct. 20, 2014) - HanesBrands (NYSE: HBI), a leading global maker and marketer of everyday basic apparel under world-class brands, today announced that David V. Singer, former chief executive officer of snack food leader Snyder’s-Lance, Inc., has been appointed to the company’s board of directors.

Singer, 59, whose term runs until the 2015 annual meeting of stockholders, will serve on the board’s audit committee. With Singer’s appointment, the Hanes board has 10 members.

Singer, who had a successful multidecade career in the food/beverage and finance industries, retired as CEO from Snyder’s-Lance, Inc., in May 2013 after creating a leading national snack food company through acquisitions and turning around the Charlotte-based company by leading the overhaul of its supply chain, sales, marketing and distribution functions.

“Dave’s leadership skills, finance acumen and vast consumer-product experience across multiple disciplines make him a valued addition to our talented board of directors,” Hanes Chairman and Chief Executive Officer Richard A. Noll said.

Singer served as CEO of Lance, Inc., from 2005 until 2010 when he oversaw the merger with Snyder’s of Hanover, resulting in a snack food company with some of the leading pretzel, sandwich cracker and snack brands in the country. He served as CEO of Snyder’s-Lance, Inc., from 2010 until his retirement. Prior to that, he held the treasurer, chief financial officer and executive vice president roles in a 19-year career at Coca-Cola Bottling Co. Consolidated in Charlotte, one of the nation's largest independent Coca-Cola bottlers, as well as finance positions at BNY Mellon in Pittsburgh.

He serves as a director of Brunswick Corporation, Flowers Foods, Inc., and SPX Corporation. He earned his bachelor of science degree in marketing and MBA from Pennsylvania State University in State College, Penn.

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HanesBrands Appoints David V. Singer to Board of Directors - Page 2

HanesBrands

HanesBrands is a socially responsible leading marketer of everyday basic apparel under some of the world’s strongest apparel brands in the Americas, Asia and Europe, including Hanes, Champion, Playtex, DIM, Bali, Maidenform, Flexees, JMS/Just My Size, Wonderbra, Nür Die, Lovable and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, men’s underwear, children’s underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. Ranked No. 530 on the Fortune 1000 list, Hanes has approximately 55,900 employees in more than 35 countries and takes pride in its strong reputation for ethical business practices. Hanes is a U.S. Environmental Protection Agency Energy Star 2014, 2013 and 2012 Sustained Excellence Award winner and 2011 and 2010 Partner of the Year award winner. The company has been ranked on Newsweek magazine’s list of Top 500 greenest U.S. companies. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate.

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