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AMERICAN GREETINGS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders

August 18, 2014



Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangement of Certain

Officers.

On August 13, 2014, Century Intermediate Holding Company, the sole shareholder of American Greetings Corporation (the "Company"), approved by written action an increase in the number of members on the Company's board of directors from six (6) to seven (7) and the election of John W. Beeder as director. Mr. Beeder will serve until the next annual meeting of shareholders, or until his successor is elected, or until his earlier removal, resignation or death.

Mr. Beeder is President and Chief Operating Officer of the Company, a position he has held since 2013. Prior to becoming President and Chief Operating Officer, Mr. Beeder served as Senior Vice President, Executive Sales and Marketing Officer since 2008. Although Mr. Beeder will continue to be compensated as President and Chief Operating Officer of the Company, he will not receive any additional compensation for his service on the Board of Directors. A description of Mr. Beeder's compensation arrangements can be found in the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2014.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The disclosure set forth above under Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers," is hereby incorporated by reference into this Item 5.07.

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Source: Edgar Glimpses


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