Gordmans Stores, Inc. 12100 West Center Road Omaha, NE 68114-3998

EX-10.1 2 dex101.htm JAMES A. SHEA LETTER AGREEMENT James A. Shea Letter Agreement

 

Exhibit 10.1

Gordmans Stores, Inc.

12100 West Center Road

Omaha, NE 68114-3998

November 4, 2010

James A. Shea

Dear James:

On behalf of Gordmans Stores, Inc. (the “Company”), I am pleased to invite you to become a member of the Company’s Board of Directors (the “Board”). You will be designated as a Class I director. Your term of service on the Board will commence on November 1, 2010 and expire at the annual meeting of stockholders in 2011.

As a member of the Board, you will receive annual compensation of $50,000. You will be reimbursed for all reasonable out-of-pocket expenses incurred by you in connection with your service to the Company. In addition, you will be covered by the Company’s D&O insurance.

Our expectation is that the Board will meet at least quarterly and that you will participate in those meetings in person to the extent possible. We also ask that you make yourself available to participate in various telephonic meetings from time to time.

Your service on the Board will be in accordance with, and subject to, the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, as the same may be further amended from time to time. In accepting this offer, you are representing to us that you do not know of any conflict that would restrict you from becoming a director of the Company.

To accept this offer, please sign below and return the fully executed letter to us. You should keep one copy of this letter for your records. This letter sets forth the terms of your service with the Company and supersedes any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by a duly authorized representative of the Company and by you.


James A. Shea

November 4, 2010

Page 2 of 2

 

We look forward to working with you. If you have any questions, please call me at ###-###-####.

 

Sincerely
Gordmans Stores, Inc.

/s/ Thomas V. Taylor

Thomas V. Taylor
Chairman of the Board

ACCEPTED AND AGREED:

I hereby accept, and consent to be designated as a director of Gordmans Stores, Inc., and agree to so serve.

 

/s/ James A. Shea

James A. Shea

James A. Shea

Print Name

November 5, 2010

Date