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| SPCHA > SEC Filings for SPCHA > Form 8-K on 15-May-2009 | All Recent SEC Filings |
15-May-2009
Change in Directors or Principal Officers, Financial Statements and Exhibits
Effective May 13, 2009, Al D. McCready resigned as a member of the Board of Directors of Sport Chalet, Inc. (the "Company"), and each committee of the Board of Directors of which he was a member. Mr. McCready did not resign because of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. A copy of the resignation is attached as Exhibit 99.1 to this Report.
In connection with this resignation, Mr. McCready and the Company entered into an Agreement (the "Indemnification Agreement") effective as of May 13, 2009, whereby the Company contractually obligated itself to indemnify, and to advance expenses on behalf of, Mr. McCready to the fullest extent provided in, and on the terms and conditions set forth in, the Certificate of Incorporation and the Bylaws of the Company as in effect on the date the Agreement was executed by Mr. McCready and the Company, so that such contractual obligations would not be adversely affected by subsequent amendments to the Certificate of Incorporation or the Bylaws. The foregoing summary is qualified in its entirety by reference to the copy of the Indemnification Agreement which is attached as Exhibit 99.2 to this Report and is incorporated herein by this reference.
(d) Exhibits.
Exhibit Number Description of Exhibit
99.1 Resignation of Al D. McCready, effective as
of May 13, 2009.
99.2 Agreement dated as of May 13, 2009, between
Al D. McCready and Sport Chalet, Inc.
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