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): May 20,
2008
DENNY’S
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-18051
|
13-3487402
|
|
(State
or other jurisdiction of
|
Commission
File No.
|
(I.R.S.
Employer
|
|
Incorporation
or organization
|
Identification
No.)
|
203 East Main
Street
Spartanburg, South Carolina
29319-0001
(Address
of principal executive offices)
(Zip
Code)
(864) 597-8000
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions:
[ ] 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
5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On May
21, 2008, the stockholders of Denny’s Corporation (the “Company”) approved the
Denny’s Corporation 2008 Omnibus Incentive Plan (the “2008 Omnibus
Plan”). A total of 4,500,000 shares of the Company’s common stock are
reserved and available for issuance pursuant to awards granted under the 2008
Omnibus Plan. A description of the material terms of the 2008 Omnibus
Plan was included in the Company’s definitive proxy statement filed with the
Securities and Exchange Commission on April 11, 2008. A copy of the
2008 Omnibus Plan is filed as Exhibit 99.1 to this Form 8-K.
Additionally
on May 20, 2008, the Compensation and Incentives Committee of the Company’s
Board of Directors approved changes to the Company’s Paradigm Shift Incentive
Program. As originally adopted, the Paradigm Shift Incentive Program
provided executive officer participants with an opportunity to earn cumulative
cash awards ranging from $180,000 to $245,000, depending on level of
participation, over a three year period (from 2007 to 2009) upon the completion
of certain defined milestones which were set for three “paradigm shift” projects
associated with the Company’s implementation of certain planned concept,
facility and process initiatives. The Committee amended the Program
with respect to two of these initiatives to shorten the performance period,
adjust certain milestone targets, and reduce the potential payouts (while
retaining discretion to reward extraordinary performance in achievement of these
initiatives).
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits
Exhibit 99.1 -- Denny's Corporation 2008 Omnibus Incentive
Plan
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.
| Denny's Corporation | |
| Date: May 27, 2008 | /s/ F. Mark Wolfinger |
| F. Mark Wolfinger | |
| Executive Vice President, | |
| Growth Initiatives, | |
| Chief Administrative Officer, | |
| Chief Financial Officer |