Form 8-K
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
26,
2007
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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600
Emerson Road, Suite 300, St. Louis, Missouri
(Address
of principal executive offices)
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63141
(Zip
Code)
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(314) 813-9200
(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
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b)
Departure of Directors or Certain Officers.
On
February 28, 2006, the Isle of Capri Casinos, Inc. (the “Company”) announced
that Emanuel Crystal, age 80, retired from the Board effective as of February
26, 2007.
(d)
Election of Directors.
Effective
February 26, 2007, the Board of Directors appointed Lee Wielansky to fill
the
vacancy created by Mr. Crystal’s retirement. There was no arrangement or
understanding between the new director and any other person pursuant to which
the director was selected as a director. As of the date of this filing, Mr.
Wielansky has not been appointed to any Board committees.
Pursuant
to the Company’s compensation policy related to the election of a new director
to the Board, Mr. Wielansky was granted options to purchase 10,000 shares
of
common stock in the Company at a grant price of $28.65 per share (the market
price on the date of grant which is calculated as the average of the high
and
low stock price of the day). Pursuant to the Company’s director compensation
policy, Mr. Wielansky will also receive compensation for his services in
the
form of $50,000 as an Annual Director Fee, $4,000 for each Board meeting
he
attends in person, $2,000 for each management meeting he attends in person
and
$1,000 each for other meetings he is required to attend in person.
A
copy of
the press release related to this announcement, dated February 28, 2007,
is
attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
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Description
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99.1
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Press
Release - Lee Wielansky
Announcement
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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:
March 2, 2007
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By:
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/s/
DONN R. MITCHELL, II
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Name:
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Donn
R. Mitchell, II
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Title:
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Senior
Vice President and
Chief
Financial Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Press
Release - Lee Wielansky
Announcement
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