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
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Date
of report (Date of earliest event reported): July 6,
2007
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Limited
Brands, Inc.
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(Exact
Name of Registrant
as
Specified in Its Charter)
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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1-8344
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31-1029810
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Three
Limited Parkway
Columbus,
OH
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43230
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(614)
415-7000
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(Registrant’s
Telephone Number, Including Area Code)
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Not
Applicable
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(Former
Name or Former Address, if Changed Since Last
Report)
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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 (see General Instruction
A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
5 – Corporate Governance and Management
Item
5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
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(b)
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In
connection with the sale by Limited Brands, Inc. (“Limited Brands”) of 75%
of the ownership interest in Express Holding, LLC (the “Company”) to
Express Investment Corp. (the “Transaction”), the Company assumed the
employment agreement between Limited Brands and Mr. Jay Margolis
and Mr.
Margolis ceased to be an employee of Limited Brands. In
connection with such consummation and termination, Limited Brands
will pay
retention payments to Mr. Margolis of approximately
$1,675,800. The Company will be responsible for any payments
due Mr. Margolis under his employment
agreement.
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2
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 hereunto
duly authorized.
LIMITED
BRANDS, INC.
By: /s/
Douglas L.
Williams
Name:
Douglas L. Williams
Date:
July
11, 2007
Title: Senior
Vice President and General Counsel
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