Winn-Dixie Establishes New Employee Stock Purchase Plan

Nov 7, 2008 6:00 AM, By ELLIOT ZWIEBACH


     ShareThis     

JACKSONVILLE, Fla. — Shareholders of Winn-Dixie Stores here approved a proposal at the company's annual meeting Wednesday to establish a new employee stock purchase plan, which will allow associates to buy common stock through accumulated payroll deductions at a 5% discount to fair market value. The plan will become effective Jan. 1. The chain had a different version of the plan that was dissolved when it filed for Chapter 11 bankruptcy protection in 2005. The new plan will issue a maximum number of 1 million shares that may either be newly issued or treasury shares, as decided by the company. Participants will be able to defer between 1% and 15% of their salaries to the plan, up to $25,000 in any calendar year — though with the 5% discount, the maximum amount that could be deferred in any year would actually be $23,750, the company pointed out in proxy material. Winn-Dixie said the employee stock purchase plan will be administered initially by the compensation committee of its board.

Read More of Today's Headlines

Read More of Today's Headlines



Acceptable Use Policy
blog comments powered by Disqus

Subscribe / Renew to Supermarket News

Supermarket News

The most reliable source of industry news and insight...in print and online.


WH Refresh Blog

Bob Vosburgh Bob Vosburgh:

Most Viewed News

Read More News

SN Editorial Videos

The Lempert Report

Marketing analysis, issues and trends from supermarket industry analyst Phil Lempert.

New Products Hits and Misses

Product reviews from supermarket industry analyst Phil Lempert.

The Role of Technology at Save Mart Supermarkets

Aashish Chandra, senior director of IT Save Mart, talks about his company's approach to technology.

SN Sponsored Videos

Pan-Oston Mobile Innovation Centers Tour

The Supermarket Guru shows the front-end technology you can experience during the tour.

View All

Articles by Market
Retail/Financial
Executive Changes
Grocery/Center Store/
Brands
Health & Wellness
In-Store Bakery/Deli/Meals
Logistics
Marketing
Meat/Seafood/Dairy
Nonfoods/Pharmacy/HBC
Produce/Floral
Specialty/Ethnic
Technology

Quick Poll

Key Issues & Topics
Food Safety/Recalls
Legislation/Regulations
Sustainability/Green
More Topics
Resources
Profiles & Rankings
SN Awards
SN Data
White Papers/Studies
Webinars
Trade Show Calendar
Subscribe to SN
Total Access Blog
WHRefresh Blog

Upcoming Events

View More Upcoming Events

Subscribe to SN

Subscribe to SN Newsletter

In-Depth News Stories

Latest SN Cover

Subscriptions

Get access to print and / or in-depth online conent.

Register Here

newsletter image

SN Free Daily Update

The food trade's leading daily news service.

Register Here

Retailers Temper Outlooks

The recession may be over but so too is the post-recession rebound.

More Real Estate Opportunities Open Up

For supermarkets looking for additional locations, it's a renter's market out there.

Stop & Shop, A&P in Ad Fracas

Price wars between supermarkets are tumbling off the shelves and into courtrooms.

Subscribe to SN's Content Today!

Subscribe to SN's Content Today!

Corporate Finance

Read in-depth coverage of quarterly reports.

Marketing Trends

New promotions, new pricing, new products.

Subscribe to SN's Content