On February 21, 2007, the Board of Directors of School Specialty, Inc. ("the Company") appointed Herbert A. Trucksess III as a Class III Director of the Company effective February 21, 2007. Mr. Trucksess' term shall expire in August 2007 at the time of the election of the Class III directors at the annual shareholders meeting of the Company.
In connection with his appointment, Mr. Trucksess has been granted the same compensation as other non-employee directors including an option to purchase 15,000 shares of the Company's common stock, and will receive an option to purchase 5,000 shares of the Company's common stock during each additional year of service. These options have been and will be granted at an exercise price equal to the fair market value on the date of grant and will have a three year vesting schedule. In addition, Mr. Trucksess will receive an annual retainer of $50,000 plus $1,000 for each additional special meeting and committee meeting attended and will be reimbursed for all out-of-pocket expenses related to his service as a director.
The Company issued a press release on February 22, 2007 announcing Mr. Trucksess' appointment, a copy of which is furnished as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
- Press Release of School Specialty, Inc., dated February 22, 2007.
SIGNATURE
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.
SCHOOL SPECIALTY, INC.
(Registrant)
Date: February 22, 2007
/s/ David. G. Gomach
David G. Gomach
Executive Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
EXHIBIT INDEX
Exhibit No. Description
- Press Release of School Specialty, Inc., dated February 22, 2007.


