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) February 8,
2005
NATIONAL
VISION, INC.
(Exact
name of registrant as specified in its charter)
Commission
File No: 001-16635
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Georgia |
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58-1910859 |
(State
or other jurisdiction of |
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(I.R.S.
employer identification |
incorporation
or organization) |
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number) |
296
Grayson Highway
Lawrenceville,
Georgia 30045
(770)-822-3600
(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 (see General Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ 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
February 8, 2005, the Compensation Committee of the Board of Directors approved
the target levels and associated scale of payments of incentive compensation
under the Company's Management Incentive Plan (filed as exhibit 10.15 to the
Company's Report on Form 10-K for the fiscal year ended January 3, 2004) for the
2005 fiscal year, which are applicable to management (including the
executive officers) of the Company. Incentive payments are computed as a
percentage of base salary and are based on attainment of specified levels of
pre-tax income. The Compensation Committee has the authority to adjust any
performance goals for unusual or unplanned circumstances, favorable or
unfavorable.
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, thereunto
duly authorized.
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NATIONAL
VISION, INC. |
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Date: February 9,
2005 |
By: |
/s/ Paul A. Criscillis,
Jr |
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Paul
A. Criscillis, Jr.
Senior
Vice President,
Chief
Financial Officer |