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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>Current
Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>Pursuant
to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>Securities
Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>Date of
Report (Date of Earliest Event Reported): September 24, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>THE GYMBOREE
CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">(Exact Name
of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">Delaware</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">000-21250</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: center">94-2615258</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Incorporation)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>500 Howard
Street, San Francisco, CA </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>94105</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">(Address
of Principal Executive Offices, Including Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>(415)
278-7000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">(Registrant&rsquo;s
Telephone Number, Including Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 5.02</B></TD><TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: black"><B>(b)</B>&nbsp;<FONT STYLE="background-color: white">On
September 24, 2012, Matthew K. McCauley </FONT>provided notice of his resignation from his position as Chief Executive Officer
<FONT STYLE="background-color: white">of The Gymboree Corporation (the &ldquo;Company&rdquo;) effective September 25, 2012. Mr.
McCauley will continue to serve as a member of the Board of Directors of the Company. For a period of two years following the effective
date of his resignation, Mr.&nbsp;McCauley has agreed to provide certain advisory services to the Company and its affiliates. In
consideration of such advisory services, Mr.&nbsp;McCauley will be entitled to an annual compensation of $250,000.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: black; background-color: white"><B>(c),
(e)&nbsp;</B>Effective September 25, 2012, Kip M. Garcia, the Company&rsquo;s current President, has been appointed as the Company&rsquo;s
Interim Chief Executive Officer. In connection with his appointment, Mr. Garcia&rsquo;s annual base salary has been increased by
$75,000, to $500,000 per year. In addition, Mr. Garcia will be entitled to additional compensation of $250,000 payable six months
after such appointment and another $250,000 payable after 12 months after such appointment. Mr. Garcia and the Company have agreed
to enter into a severance agreement pursuant to which, during a period of two years following his appointment as Interim Chief
Executive Officer,</FONT> Mr. Garcia will be entitled to a severance in the amount of $1,000,000 in cash and $1,000,000 in shares
of stock under the Giraffe Holding, Inc. 2010 Equity Incentive Plan if he is terminated by the Company without cause or terminates
his employment for good reason. <FONT STYLE="color: black; background-color: white">For further information regarding Mr. Garcia,
please refer to the relevant portions of the sections titled &ldquo;Management,&rdquo; &ldquo;Executive Compensation&rdquo; and
&ldquo;Certain Relationships and Related Party Transactions&rdquo; of the Company&rsquo;s Annual Report on Form 10-K for the fiscal
year ended January 28, 2012 (File No.&nbsp;000-21250) filed with the Securities and Exchange Commission on April 26, 2012, which
are incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>(c)
</B>Effective September 25, 2012, Yvonne Hao has been appointed as the Company&rsquo;s Interim Chief Operating Officer. Ms. Hao
will serve pursuant to a management agreement with Bain Capital Partners, LLC&nbsp;(&ldquo;Bain Capital&rdquo;), according to
which Bain Capital provides certain management services to the Company and its subsidiaries, and will not be an employee of, and
therefore will not receive compensation from, the Company. Ms. Hao has served as Executive Vice president at Bain Capital since
June 2008. In this role, Ms. Hao acted as interim Chief Executive Officer for D&amp;M Holdings Inc., a Bain Capital portfolio
company, from 2009 until 2010. Prior to joining Bain Capital, Ms. Hao was the Vice President and General Manager
of ADI North America, a division of Honeywell. &nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0; font-weight: bold">THE GYMBOREE CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0">Date: September 26, 2012</TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">By:</TD>
    <TD STYLE="padding-right: 5.4pt; text-decoration: underline; padding-left: 0">/s/ Lynda G.
    Gustafson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">Name:&nbsp; Lynda G. Gustafson&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">Title:&nbsp;&nbsp; Vice President, Corporate Controller&nbsp;</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v324490_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 15621}]
{"company-data": {"conformed-name": "GYMBOREE CORP", "cik": "0000786110", "assigned-sic": "2300", "irs-number": "942615258", "state-of-incorporation": "DE", "fiscal-year-end": "0130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21250", "film-number": "121112109"}, "business-address": {"street1": "500 HOWARD STREET", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105", "phone": "415-278-7000"}, "mail-address": {"street1": "500 HOWARD STREET", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105"}}
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): September 24, 2012
THE GYMBOREE
CORPORATION
(Exact Name
of Registrant as Specified in its Charter)
Delaware
000-21250
94-2615258
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
500 Howard
Street, San Francisco, CA
94105
(Address
of Principal Executive Offices, Including Zip Code)
(415)
278-7000
(Registrant's
Telephone Number, Including Area Code)
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 230.425)
¨
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)
On
September 24, 2012, Matthew K. McCauley
provided notice of his resignation from his position as Chief Executive Officer
of The Gymboree Corporation (the "Company") effective September 25, 2012. Mr.
McCauley will continue to serve as a member of the Board of Directors of the Company. For a period of two years following the effective
date of his resignation, Mr. McCauley has agreed to provide certain advisory services to the Company and its affiliates. In
consideration of such advisory services, Mr. McCauley will be entitled to an annual compensation of $250,000.
(c),
(e)
Effective September 25, 2012, Kip M. Garcia, the Company's current President, has been appointed as the Company's
Interim Chief Executive Officer. In connection with his appointment, Mr. Garcia's annual base salary has been increased by
$75,000, to $500,000 per year. In addition, Mr. Garcia will be entitled to additional compensation of $250,000 payable six months
after such appointment and another $250,000 payable after 12 months after such appointment. Mr. Garcia and the Company have agreed
to enter into a severance agreement pursuant to which, during a period of two years following his appointment as Interim Chief
Executive Officer,
Mr. Garcia will be entitled to a severance in the amount of $1,000,000 in cash and $1,000,000 in shares
of stock under the Giraffe Holding, Inc. 2010 Equity Incentive Plan if he is terminated by the Company without cause or terminates
his employment for good reason.
For further information regarding Mr. Garcia,
please refer to the relevant portions of the sections titled "Management," "Executive Compensation" and
"Certain Relationships and Related Party Transactions" of the Company's Annual Report on Form 10-K for the fiscal
year ended January 28, 2012 (File No. 000-21250) filed with the Securities and Exchange Commission on April 26, 2012, which
are incorporated herein by reference.
(c)
Effective September 25, 2012, Yvonne Hao has been appointed as the Company's Interim Chief Operating Officer. Ms. Hao
will serve pursuant to a management agreement with Bain Capital Partners, LLC ("Bain Capital"), according to
which Bain Capital provides certain management services to the Company and its subsidiaries, and will not be an employee of, and
therefore will not receive compensation from, the Company. Ms. Hao has served as Executive Vice president at Bain Capital since
June 2008. In this role, Ms. Hao acted as interim Chief Executive Officer for D&M Holdings Inc., a Bain Capital portfolio
company, from 2009 until 2010. Prior to joining Bain Capital, Ms. Hao was the Vice President and General Manager
of ADI North America, a division of Honeywell.
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 hereunto duly authorized.
THE GYMBOREE CORPORATION
Date: September 26, 2012
By:
/s/ Lynda G.
    Gustafson
Name:  Lynda G. Gustafson
Title:   Vice President, Corporate Controller