On Mar. 17, 2009, Columbia Sportswear Company stated in an 8-K filed with the SEC that Mark J. Sandquist's employment as VP of Global Apparel Merchandising and ACE of the company would be terminated, effective as of Mar. 24, 2009.
In accordance with the company's Change In Control Severance Plan, subject to Sandquist's agreement to release any claims against the company and various other conditions, the filing stated that Sandquist is entitled to receive compensation in the amount of $514,800, and other specified benefits.
