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): September 18, 2009 (September 14, 2009)
Bob Evans Farms, Inc.
 
(Exact name of registrant as specified in its charter)
         
Delaware   0-1667   31-4421866
         
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)
     
3776 South High Street, Columbus, Ohio   43207
     
(Address of principal executive offices)   (Zip Code)
(614) 491-2225
 
(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):
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    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 September 14, 2009, after nearly 30 years with Bob Evans Farms, Inc. (the “Company”), Donald J. Radkoski retired from his positions as the Chief Financial Officer, Treasurer and Assistant Secretary of the Company. Although Mr. Radkoski’s retirement from those positions was effective immediately, he will remain with the Company through the end of the current fiscal year to ensure an orderly transition of responsibilities. Mr. Radkoski has served as the Company’s Chief Financial Officer since 1993 and has also held the positions of restaurant accounting supervisor, general accounting supervisor and vice president of finance, among others, since joining the Company in 1980.
     Also on September 14, 2009, Tod P. Spornhauer, age 43, accepted a promotion to succeed Mr. Radkoski as the Company’s Chief Financial Officer and Treasurer. Mr. Spornhauer’s promotion was effective immediately and, in addition to serving as the Company’s Chief Financial Officer and Treasurer, Mr. Spornhauer will retain his position as the Company’s Assistant Secretary. Mr. Spornhauer has served as the Senior Vice President — Finance, Controller, Assistant Treasurer and Assistant Secretary of the Company since 2003 and has been an officer of the Company since 1999. Mr. Spornhauer will report directly to Steven A. Davis, the Chairman and Chief Executive Officer of the Company. In connection with his promotion, Mr. Spornhauer’s annual base salary increased to $300,000. Mr. Spornhauer is also now eligible to receive (i) an annual cash bonus at a target level equal to 60% of his annual base salary and (ii) compensation under the Company’s performance incentive plan at a target value equal to 105% of his annual base salary.
     On September 18, 2009, the Company issued a press release announcing these organizational changes. A copy of the press release is furnished as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits.
  (a) — (c)    Not applicable.
 
  (d)   Exhibits:
     
Exhibit No.   Description
 
99
  Press Release dated September 18, 2009

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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.
         
  BOB EVANS FARMS, INC.
  		 
Dated: September 18, 2009  By:   /s/ Mary L. Garceau    
    Mary L Garceau   
    Vice President, General Counsel and Corporate Secretary   
 

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INDEX TO EXHIBITS
Current Report on Form 8-K
Dated September 18, 2009
     
Exhibit No.   Description
 
99
  Press Release dated September 18, 2009

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Exhibit 99
BOB EVANS FARMS ANNOUNCES ORGANIZATIONAL CHANGES
Don Radkoski to retire at end of fiscal year; Tod Spornhauer named chief financial officer
COLUMBUS, Ohio — Sept. 18, 2009 — Bob Evans Farms, Inc. (NASDAQ: BOBE) today announced organizational changes in its finance department.
Chief Financial Officer, Treasurer and Assistant Secretary Don Radkoski has decided to retire after nearly 30 years with the organization. Radkoski has served as chief financial officer since 1993 and has also held the positions of restaurant accounting supervisor, general accounting supervisor and vice president of finance, among others, since joining Bob Evans in February 1980. Radkoski plans to stay with the Company through the end of the current fiscal year to ensure an orderly transition of responsibilities.
Tod Spornhauer, who has served as senior vice president — finance, controller, assistant treasurer and assistant secretary since 2003, has accepted a promotion to the position of chief financial officer, treasurer and assistant secretary. Spornhauer now reports to Chairman and Chief Executive Officer Steve Davis.
“We wish to thank Don Radkoski for the contributions he has made during his long and distinguished career at Bob Evans,” Davis said. “Don has made many improvements to the financial reporting, corporate finance and investor relations functions, among others, during his three decades with Bob Evans. We are grateful for the leadership he has provided in helping us grow to become the company that we are today.
“We are also excited to recognize Tod Spornhauer for his accomplishments to date with a new challenge that is well suited for his skills. Tod has implemented significant improvements to the finance function in his 18 years at Bob Evans, and this role will give him the opportunity to apply his abilities to a broader area of responsibility.”
About Bob Evans Farms, Inc.
Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans and Mimi’s Café brand names. At the end of the first fiscal quarter (July 24, 2009), Bob Evans owned and operated 569 family restaurants in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States, while Mimi’s Café owned and operated 144 casual restaurants located in 24 states, primarily in California and other western states. Bob Evans Farms, Inc. is also a leading producer and distributor of pork sausage and a variety of complementary homestyle convenience food items under the Bob Evans and Owens brand names. For more information about Bob Evans Farms, Inc., visit the company’s Web site at www.bobevans.com .
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements involve various important assumptions, risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events. We discuss these factors and events, along with certain other risks, uncertainties and assumptions, under the heading “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the fiscal year ended April 24, 2009 and in our other filings with the Securities and Exchange Commission. We note these factors for investors as contemplated by the Private Securities Litigation Reform Act of 1995. Predicting or identifying all such risk factors is impossible. Consequently, investors should not consider any such list to be a complete set of all potential risks and uncertainties. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the statement is made to reflect unanticipated events. All subsequent written and oral forward-looking statements attributable to us or any person acting on behalf of the company are qualified by the cautionary statements in this section.
Contact:
David D. Poplar
Vice President of Investor Relations
(614) 492-4954