Rex Yeisley resignation agreement
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): November
17, 2005
ISLE
OF CAPRI CASINOS, INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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0-20538
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41-1659606
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(State
or other
jurisdiction
of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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1641
Popps Ferry Road, Biloxi, Mississippi
(Address
of principal executive offices)
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39532
(Zip
Code)
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(228) 396-7000
(Registrant's
telephone number, including area code)
N/A
(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:
[
]
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.245)
[
]
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
November 1, 2005, the Company announced the retirement of
Rexford
Yeisley, chief financial officer, chief accounting officer, treasurer and
assistant secretary of the Company and its subsidiaries. As a result
of
this announcement, the Company entered into a voluntary resignation
agreement dated November 14, 2005 with Rexford Yeisley. The agreement
states that Mr. Yeisley will be paid through December 31, 2005 at a prorated
amount of an annual salary of $315,000 in addition to a single sum payment
of
$60,000 for consulting services to be performed for six months beginning
January
1, 2006. Mr.
Yeisley remains subject to obligations of confidentiality indefinitely,
and
non-competition and non-solicitation as set forth in the employment
agreement. Further, Rexford Yeisley entered into the
waiver and
release of claims agreement with the Company, referred to as Attachment
"A"of the voluntary resignation agreement.
A
copy of the agreements are attached hereto as
Exhibit 99.1 and incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit
No.
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Description
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99.1
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Voluntary
Resignation Agreement dated November 14,
2005
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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 thereunto
duly authorized.
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ISLE
OF CAPRI CASINOS, INC.
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Date:
November 17, 2005
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By:
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/s/
DONN MITCHELL
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Name:
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Donn
Mitchell
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Title:
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Senior
Vice President and
Chief
Accounting Officer
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