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      Prestige Brands Holdings, Inc. Form 8-K filed January 19, 2007
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      D.C. 20549</strong></font></div>
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      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>January
      12, 2007</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>PRESTIGE
      BRANDS HOLDINGS, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(Exact
      name of registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>Delaware</u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 162pt">&#160;</font></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>001-32433</u>&#160;</font></div>
            </td>
            <td width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><u>20-1297589</u></div>
            </td>
          </tr>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(Commission
                File Number)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
            </td>
            <td width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">(IRS
                Employer</div>
            </td>
          </tr>
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            <td width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">of
                incorporation)</div>
            </td>
            <td width="33%">&#160;</td>
            <td width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Identification
                No.)</div>
            </td>
          </tr>

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      North Broadway, Irvington, New York 10533</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(Address
      of principal executive offices, including Zip Code)</font></div>
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      524-6810</u></font></div>
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      telephone number, including area code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">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:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      ]
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      ]
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      ]
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      ]
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))</font></div>
    <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 Entry into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>Second
      Supplemental Indenture</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;On
      January
      15, 2007, Prestige Brands Holdings, Inc. (the &#8220;Company&#8221;) entered into (i) a
      Second Supplemental Indenture, dated as of December 19, 2006 (the &#8220;Second
      Supplemental Indenture&#8221;), by and among Prestige Brands, Inc. (&#8220;PBI&#8221;), U.S. Bank,
      National Association (the &#8220;Trustee&#8221;), the Company, Dental Concepts LLC (&#8220;Dental
      Concepts&#8221;) and Prestige International Holdings, LLC (&#8220;PIH&#8221;); and (ii) a Guaranty
      Supplement, dated as of December 19, 2006 (the &#8220;Indenture Guaranty Supplement&#8221;).
      Each of PBI, Dental Concepts and PIH is a wholly-owned subsidiary of the
      Company. The Second Supplemental Indenture supplements and amends the Indenture,
      dated as of April 6, 2004, by and among PBI, the Trustee and the guarantors
      parties thereto, as supplemented and amended by the Supplemental Indenture
      dated
      as of October 6, 2004 by and among PBI, the Trustee and Vetco, Inc.
      (collectively, the &#8220;Indenture&#8221;), which provided for the issuance of PBI&#8217;s 9 &#188;%
      Senior Subordinated Notes due 2012 (the &#8220;Indenture Notes&#8221;). As of January 15,
      2007, approximately $128,913,750 is outstanding (including accrued interest
      of
      $2,913,750) under the Indenture Notes and the Indenture. The Indenture Notes
      bear interest at the rate of 9 &#188;% interest per annum. Interest on the Indenture
      Notes are payable on April 15 and October 15 of each year until the Indenture
      Notes mature on April 15, 2012 or are otherwise earlier redeemed or accelerated.
      Additional interest shall be payable on any defaulted interest under the
      Indenture Notes. Future payments due under the Indenture Notes may be, or in
      certain cases will be, accelerated if an Event of Default (as defined in the
      Indenture) occurs. The Indenture is filed as Exhibit 4.1 to PBI&#8217;s Registration
      Statement on Form S-4 filed with the Commission on July 6, 2004. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant
      to
      the terms of the Second Supplemental Indenture and the Indenture Guaranty
      Supplement, each of the Company, Dental Concepts and PIH agreed to guaranty
      all
      of PBI&#8217;s obligations set forth in the Indenture Notes and the Indenture.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;The
      Second
      Supplemental Indenture also amended the covenant requiring Prestige Brands
      International, LLC (&#8220;Prestige Brands International&#8221;) to file periodic reports
      with the Commission pursuant to Section 13 or 15(d) of the Securities Exchange
      Act of 1934, as amended (the &#8220;Exchange Act&#8221;). So long as the Company or any
      other guarantor is required to file periodic reports under Section 13 or 15(d)
      of the Exchange Act that are substantially the same as the periodic reports
      that
      would otherwise be required to be filed pursuant to the Indenture by Prestige
      Brands International with the SEC, Prestige Brands International shall not
      be
      required to file such reports with the Commission. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>Supplement
      to Credit Agreement</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;On
      January
      15, 2007, the Company, PIH and Dental Concepts entered into a Joinder Agreement,
      dated as of December 19, 2006 (the &#8220;Joinder Agreement&#8221;), and a Guaranty
      Supplement, dated as of December 19, 2006 (the &#8220;Credit Agreement Guaranty
</font></div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Supplement&#8221;),
      each in favor of Citicorp North America, Inc., as Administrative Agent
      (&#8220;Citicorp&#8221;). Pursuant to the terms of the Joinder Agreement and the Credit
      Agreement Guaranty Supplement, each of the Company, Dental Concepts and PIH
      agreed to become a party to the Pledge and Security Agreement, dated as of
      April
      6, 2004 (the &#8220;Security Agreement&#8221;), by PBI and certain of its affiliates in
      favor of Citicorp, and the Guaranty, dated as of April 6, 2004 (the &#8220;Credit
      Agreement Guaranty&#8221;), among certain affiliates of PBI and acknowledged by
      Citicorp. The Security Agreement and the Credit Agreement Guaranty secure the
      performance by PBI of its obligations under the Credit Agreement, dated as
      of
      April 6, 2004 (the &#8220;Credit Agreement&#8221;), as amended, among PBI, Prestige Brands
      International, the Lenders (as defined in the Credit Agreement), the Issuers
      (as
      defined in the Credit Agreement) and Citicorp, Bank of America, N.A., as
      Syndication Agent, and Merrill Lynch Capital, a division of Merrill Lynch
      Business Financial Services Inc., as Documentation Agent, by granting security
      interests to Citicorp in collateral owned by PBI and certain of its affiliates
      and providing guaranties of such obligations by certain of PBI&#8217;s affiliates to
      Citicorp. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;As
      of January
      15, 2007, approximately $348,786,541 of Tranche B Loans (as defined in the
      Credit Agreement) is outstanding (including accrued interest of $3,549,041)
      under the Credit Agreement and the promissory notes executed in connection
      therewith (the &#8220;Bank Notes&#8221;). The Bank Notes bear interest at variable rates in
      accordance with the terms of the Credit Agreement and such interest and any
      applicable amortization payments are generally paid quarterly. The Tranche
      B
      Loans mature on April 6, 2011 unless they are prepaid or accelerated in
      accordance with the terms of the Credit Agreement. Additional interest in the
      amount of 2% shall be payable by PBI under certain circumstances upon the
      occurrence of an Event of Default (as defined in the Credit Agreement). Future
      payments due under the Bank Notes may be, or in certain cases will be,
      accelerated if an Event of Default occurs. The Credit Agreement is filed as
      Exhibit 10.1 to the Company&#8217;s Form S-1 filed with the Commission on July 28,
      2004. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.03 Creation of a Direct Financial Obligation or an Obligation under an
      Off-Balance Sheet Arrangement of a Registrant.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Reference
      is
      hereby made to the disclosures in Item 1.01 above of this Form 8-K which is
      incorporated herein by reference. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.02 Departure of Directors or Certain Officers; Election of Directors;
      Appointment of Certain Officers; Compensatory Arrangements of Certain
      Officers.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;On
      January
      12, 2007, Peter C. Mann, the Chairman of the Board, Acting Chief Executive
      Officer and President of the Company resigned from such positions effective
      as
      of January 19, 2007. Notwithstanding the resignation by Mr. Mann from his
      positions as Chairman of the Board, Acting Chief Executive Officer and
      President, Mr. Mann will remain a member of the Board of Directors of the
      Company. Effective as of January 19, 2007, Mr. Mann&#8217;s salary will be reduced to
      $225,000 per annum and shall be payable in accordance with the terms of the
      Senior Management Agreement, dated as of March 21, 2006, by and among the
      Company, PBI and Mr. Mann.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">On
      January 12, 2007, the Company entered into an Employment Agreement (the
&#8220;Employment Agreement&#8221;), effective as of January 19, 2007 (the &#8220;Effective
      Date&#8221;), with Mark Pettie. Subject to the terms and conditions of the Employment
      Agreement, Mr. Pettie shall serve as the Company&#8217;s Chairman of the Board and
      Chief Executive Officer through March 31, 2008. Pursuant to the terms of the
      Employment Agreement, Mr. Pettie&#8217;s base salary shall be $425,000 per annum,
      subject to periodic review by the Board of Directors of the Company, which
      first
      such review shall take place during or before April 2008.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">During
      the term of the Employment Agreement, Mr. Pettie shall be entitled to
      participate in all incentive, savings and retirement plans, practices, policies
      and programs applicable generally to senior executive officers of the Company,
      and on the same basis as such senior executive officers, except as to benefits
      that are specifically applicable to Mr. Pettie pursuant to his Employment
      Agreement. With regard to the Company&#8217;s annual bonus plan, Mr. Pettie shall be
      entitled to an annual bonus (including a guaranteed prorated target bonus of
      no
      less than $62,877 for the fiscal year ending March 31, 2007 based upon days
      of
      service from the Effective Date through March 31, 2007), the amount of which
      shall be determined by the Company&#8217;s Compensation Committee. During the term of
      the Employment Agreement, Mr. Pettie&#8217;s annual target (subject to such
      performance and other criteria as may be established by the Company&#8217;s
      Compensation Committee) bonus shall be no less than 75% of base salary and
      the
      maximum bonus shall be no less than 150% of base salary; provided, that any
      bonus payable for the fiscal year ending March 31, 2008 shall be reduced by
      any
      amounts paid to Mr. Pettie as a retention bonus in accordance with the terms
      of
      the Employment Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Employment Agreement, Mr. Pettie and his eligible dependents
      shall be eligible for participation in, and shall receive all benefits under,
      the Company&#8217;s welfare benefit plans, practices, policies and programs. Mr.
      Pettie shall also be entitled to receive executive perquisites, fringe and
      other
      benefits as are provided to the senior most executives and their families under
      any of the Company&#8217;s plans and/or programs and such other benefits as are
      customarily available to the Company&#8217;s senior executives. In addition, Mr.
      Pettie shall also receive, to the extent he continues to be employed by the
      Company on the relevant dates, a retention bonus in the amount of $75,000 on
      each of April 1, 2007 and 2008. Furthermore, beginning April 2007, Mr. Pettie
      shall participate to the same extent as other senior executives in awards under
      the Company&#8217;s 2005 Long-Term Equity Incentive Plan (&#8220;LTIP&#8221;). Mr. Pettie&#8217;s LTIP
      award shall have at the time of grant a value of 150% of Mr. Pettie&#8217;s total cash
      compensation during the fiscal year immediately preceding the date of the LTIP
      award. In April 2007, the Company shall grant a LTIP award, consisting of
      restricted stock, with a value of $1,125,000, subject to the terms and
      conditions of the LTIP. Any future LTIP awards to Mr. Pettie beginning April
      1,
      2008 shall be determined in accordance with the prevailing practice applicable
      to senior executives. Upon a Change in Control (as defined in the LTIP), all
      awards to Mr. Pettie under the LTIP vest with no requirement that Mr. Pettie&#8217;s
      employment with the Company has terminated. In addition to the foregoing, upon
      receipt of appropriate written documentation, the Company will reimburse Mr.
      Pettie up to</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">&#160;$15,000
      for reasonable and customary legal fees and expenses incurred by him with
      respect to the negotiation and execution of the Employment Agreement.
</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      Employment Agreement may be terminated (i) by the Company for Cause (as defined
      in the Employment Agreement), without Cause or due to Mr. Pettie&#8217;s Disability
      (as defined in the Employment Agreement); (ii) by Mr. Pettie for Good Reason
      (as
      defined in the Employment Agreement) or no reason; or (iii) upon the death
      of
      Mr. Pettie. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">In
      the
      event the Company terminates Mr. Pettie&#8217;s employment for Cause, the Company
      shall have no liability to Mr. Pettie other than his accrued base salary through
      the date of termination and any other applicable benefits. In the event the
      Employment Agreement is terminated due to Mr. Pettie&#8217;s death or Disability, or
      Mr. Pettie terminates the Employment Agreement without Good Reason, the Company
      shall have no liability to Mr. Pettie other than the payment of Accrued
      Obligations (as defined in the Employment Agreement) and any other applicable
      benefits. With regard to a termination of the Employment Agreement due to the
      death or Disability of Mr. Pettie, any award granted under the LTIP shall
      immediately vest upon Mr. Pettie&#8217;s death or Disability.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">In
      the
      event Mr. Pettie is terminated by the Company without Cause, or Mr. Pettie
      terminates the Employment Agreement for Good Reason, the Company shall pay
      to
      Mr. Pettie (i) cash in an aggregate amount equal to the sum of (a) Mr. Pettie&#8217;s
      base salary through the date of termination; (b) any accrued expenses and
      vacation pay; and (c) any deferred compensation, as applicable; (ii) in
      installments ratably over 12 months in accordance with the Company&#8217;s normal
      payroll practices (or in a lump sum with the consent of Mr. Pettie), the
      aggregate amount equal to the sum of (a) Mr. Pettie&#8217;s base salary in effect as
      of the date of termination; and (b) Mr. Pettie&#8217;s Applicable Annual Bonus (as
      defined in the Employment Agreement); and (iii) cash in the aggregate amount
      equal to the Prorated Unvested LTIP Award Value (as defined below) for each
      LTIP
      award; provided, that with respect to clause (iii), such termination occurs
      prior to March 31, 2010. In addition to the foregoing, Mr. Pettie shall be
      entitled to participate in the Company&#8217;s life, medical and disability insurance
      programs on the same basis as an active employee of the Company for up to 12
      months after the date of termination. Thereafter, Mr. Pettie shall be entitled
      to continuation of benefits pursuant to the provisions of COBRA. &#8220;Prorated
      Unvested LTIP Award Value&#8221; shall equal the product of (i) a fraction, the
      numerator of which shall be the number 1 if Mr. Pettie has been employed for
      12
      months or less from the applicable grant date of the LTIP award in question
      (the
&#8220;Grant Date&#8221;), the number 2 if Mr. Pettie has been employed for more than 12
      months but less than 24 months from the Grant Date, and the number 3 if Mr.
      Pettie has been employed for more than 24 months from the Grant Date, and the
      denominator of which shall be the number 3; multiplied by (ii) the value (based,
      in the case of restricted stock, upon the closing market price of the Company&#8217;s
      common stock on the day prior to the date of termination of employment) of
      the
      unvested portion of each LTIP award. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      Employment Agreement also contains certain confidentiality, non-competition
      and
      non-solicitation provisions as well as other provisions that are customary
      for
      an executive employment agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Mr.
      Pettie, who is 50 years old, served as the President, Dairy Foods Group for
      Conagra Foods from 2005 to 2006 where he was responsible for all aspects of
      marketing, finance, sales, operations, research and development and human
      resources. From 1981 to 2004, Mr. Pettie held various positions of increasing
      responsibility at Kraft Foods and was appointed Executive Vice President/General
      Manager of Kraft Foods&#8217; Coffee Division in 2002. As the Executive Vice
      President/General Manager of Kraft Foods&#8217; Coffee Division, Mr. Pettie was
      responsible for all aspects of sales, marketing, strategy, finance, operations,
      green coffee procurement and human resources for the division. Mr. Pettie
      received a M.B.A. from Cornell University and a B.S. from the State University
      of New York at Binghamton. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Item
      7.01 Regulation FD Disclosure. </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">On
      January 12, 2007, the Company issued a press release announcing the resignation
      of Mr. Mann as Chairman of the Board, Acting Chief Executive Officer and
      President and the appointment of Mr. Pettie as Chairman of the Board and Chief
      Executive Officer, which is furnished to the Commission as Exhibit 99.1 to
      this
      Current Report on Form 8-K and is incorporated herein as if copied verbatim.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01 Financial Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Exhibits.
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="6%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">Exhibit</font></div>
            </td>
            <td align="left" valign="middle" width="2%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="67%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">Description</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="6%" style="border-bottom: medium none;">&#160;</td>
            <td align="left" valign="middle" width="2%" style="border-bottom: medium none;">&#160;</td>
            <td align="left" valign="top" width="67%" style="border-bottom: medium none;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="6%" style="border-bottom: #ffffff double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">99.1</font></div>
            </td>
            <td align="left" valign="middle" width="2%" style="border-bottom: #ffffff double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="67%" style="border-bottom: #ffffff double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; BACKGROUND-COLOR: #ffffff">Press
                Release dated January 12, 2007.</font></div>
            </td>
          </tr>

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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div align="center">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td width="50%">Dated: January 19, 2007<font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
            <td width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">PRESTIGE
                BRANDS HOLDINGS, INC.</font>&#160;</div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td width="50%">&#160;</td>
            <td width="50%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="50%">&#160;</td>
            <td width="50%">By: <font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><u>/s/
              Charles N. Jolly<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
          </tr>
          <tr bgcolor="white">
            <td width="50%">&#160;</td>
            <td width="50%">&#160;&#160;&#160;&#160;&#160; Name: Charles N.
              Jolly</td>
          </tr>
          <tr bgcolor="white">
            <td width="50%">&#160;</td>
            <td width="50%">&#160;&#160;&#160;&#160;&#160; Title: General Counsel and
              Secretary&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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{"company-data": {"conformed-name": "Prestige Brands Holdings, Inc.", "cik": "0001295947", "assigned-sic": "2834", "irs-number": "201297589", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32433", "film-number": "07540704"}, "business-address": {"street1": "90 NORTH BROADWAY", "city": "IRVINGTON", "state": "NY", "zip": "10533", "phone": "(914) 524-6810"}, "mail-address": {"street1": "90 NORTH BROADWAY", "city": "IRVINGTON", "state": "NY", "zip": "10533"}, "former-company": {"former-conformed-name": "Prestige Household Brands, Inc.", "date-changed": "20040630"}}
Prestige Brands Holdings, Inc. Form 8-K filed January 19, 2007
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):
January
      12, 2007
PRESTIGE
      BRANDS HOLDINGS, INC.
(Exact
      name of registrant as specified in its charter)
Delaware
001-32433
20-1297589
(State
                or other jurisdiction
(Commission
                File Number)
(IRS
                Employer
of
                incorporation)
Identification
                No.)
90
      North Broadway, Irvington, New York 10533
(Address
      of principal executive offices, including Zip Code)
(914)
      524-6810
(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
      1.01 Entry into a Material Definitive Agreement.
Second
      Supplemental Indenture
On
      January
      15, 2007, Prestige Brands Holdings, Inc. (the "Company") entered into (i) a
      Second Supplemental Indenture, dated as of December 19, 2006 (the "Second
      Supplemental Indenture"), by and among Prestige Brands, Inc. ("PBI"), U.S. Bank,
      National Association (the "Trustee"), the Company, Dental Concepts LLC ("Dental
      Concepts") and Prestige International Holdings, LLC ("PIH"); and (ii) a Guaranty
      Supplement, dated as of December 19, 2006 (the "Indenture Guaranty Supplement").
      Each of PBI, Dental Concepts and PIH is a wholly-owned subsidiary of the
      Company. The Second Supplemental Indenture supplements and amends the Indenture,
      dated as of April 6, 2004, by and among PBI, the Trustee and the guarantors
      parties thereto, as supplemented and amended by the Supplemental Indenture
      dated
      as of October 6, 2004 by and among PBI, the Trustee and Vetco, Inc.
      (collectively, the "Indenture"), which provided for the issuance of PBI's 9 ¼%
      Senior Subordinated Notes due 2012 (the "Indenture Notes"). As of January 15,
      2007, approximately $128,913,750 is outstanding (including accrued interest
      of
      $2,913,750) under the Indenture Notes and the Indenture. The Indenture Notes
      bear interest at the rate of 9 ¼% interest per annum. Interest on the Indenture
      Notes are payable on April 15 and October 15 of each year until the Indenture
      Notes mature on April 15, 2012 or are otherwise earlier redeemed or accelerated.
      Additional interest shall be payable on any defaulted interest under the
      Indenture Notes. Future payments due under the Indenture Notes may be, or in
      certain cases will be, accelerated if an Event of Default (as defined in the
      Indenture) occurs. The Indenture is filed as Exhibit 4.1 to PBI's Registration
      Statement on Form S-4 filed with the Commission on July 6, 2004.
Pursuant
      to
      the terms of the Second Supplemental Indenture and the Indenture Guaranty
      Supplement, each of the Company, Dental Concepts and PIH agreed to guaranty
      all
      of PBI's obligations set forth in the Indenture Notes and the Indenture.
The
      Second
      Supplemental Indenture also amended the covenant requiring Prestige Brands
      International, LLC ("Prestige Brands International") to file periodic reports
      with the Commission pursuant to Section 13 or 15(d) of the Securities Exchange
      Act of 1934, as amended (the "Exchange Act"). So long as the Company or any
      other guarantor is required to file periodic reports under Section 13 or 15(d)
      of the Exchange Act that are substantially the same as the periodic reports
      that
      would otherwise be required to be filed pursuant to the Indenture by Prestige
      Brands International with the SEC, Prestige Brands International shall not
      be
      required to file such reports with the Commission.
Supplement
      to Credit Agreement
On
      January
      15, 2007, the Company, PIH and Dental Concepts entered into a Joinder Agreement,
      dated as of December 19, 2006 (the "Joinder Agreement"), and a Guaranty
      Supplement, dated as of December 19, 2006 (the "Credit Agreement Guaranty
Supplement"),
      each in favor of Citicorp North America, Inc., as Administrative Agent
      ("Citicorp"). Pursuant to the terms of the Joinder Agreement and the Credit
      Agreement Guaranty Supplement, each of the Company, Dental Concepts and PIH
      agreed to become a party to the Pledge and Security Agreement, dated as of
      April
      6, 2004 (the "Security Agreement"), by PBI and certain of its affiliates in
      favor of Citicorp, and the Guaranty, dated as of April 6, 2004 (the "Credit
      Agreement Guaranty"), among certain affiliates of PBI and acknowledged by
      Citicorp. The Security Agreement and the Credit Agreement Guaranty secure the
      performance by PBI of its obligations under the Credit Agreement, dated as
      of
      April 6, 2004 (the "Credit Agreement"), as amended, among PBI, Prestige Brands
      International, the Lenders (as defined in the Credit Agreement), the Issuers
      (as
      defined in the Credit Agreement) and Citicorp, Bank of America, N.A., as
      Syndication Agent, and Merrill Lynch Capital, a division of Merrill Lynch
      Business Financial Services Inc., as Documentation Agent, by granting security
      interests to Citicorp in collateral owned by PBI and certain of its affiliates
      and providing guaranties of such obligations by certain of PBI's affiliates to
      Citicorp.
As
      of January
      15, 2007, approximately $348,786,541 of Tranche B Loans (as defined in the
      Credit Agreement) is outstanding (including accrued interest of $3,549,041)
      under the Credit Agreement and the promissory notes executed in connection
      therewith (the "Bank Notes"). The Bank Notes bear interest at variable rates in
      accordance with the terms of the Credit Agreement and such interest and any
      applicable amortization payments are generally paid quarterly. The Tranche
      B
      Loans mature on April 6, 2011 unless they are prepaid or accelerated in
      accordance with the terms of the Credit Agreement. Additional interest in the
      amount of 2% shall be payable by PBI under certain circumstances upon the
      occurrence of an Event of Default (as defined in the Credit Agreement). Future
      payments due under the Bank Notes may be, or in certain cases will be,
      accelerated if an Event of Default occurs. The Credit Agreement is filed as
      Exhibit 10.1 to the Company's Form S-1 filed with the Commission on July 28,
      2004.
Item
      2.03 Creation of a Direct Financial Obligation or an Obligation under an
      Off-Balance Sheet Arrangement of a Registrant.
Reference
      is
      hereby made to the disclosures in Item 1.01 above of this Form 8-K which is
      incorporated herein by reference.
Item
      5.02 Departure of Directors or Certain Officers; Election of Directors;
      Appointment of Certain Officers; Compensatory Arrangements of Certain
      Officers.
On
      January
      12, 2007, Peter C. Mann, the Chairman of the Board, Acting Chief Executive
      Officer and President of the Company resigned from such positions effective
      as
      of January 19, 2007. Notwithstanding the resignation by Mr. Mann from his
      positions as Chairman of the Board, Acting Chief Executive Officer and
      President, Mr. Mann will remain a member of the Board of Directors of the
      Company. Effective as of January 19, 2007, Mr. Mann's salary will be reduced to
      $225,000 per annum and shall be payable in accordance with the terms of the
      Senior Management Agreement, dated as of March 21, 2006, by and among the
      Company, PBI and Mr. Mann.
On
      January 12, 2007, the Company entered into an Employment Agreement (the
"Employment Agreement"), effective as of January 19, 2007 (the "Effective
      Date"), with Mark Pettie. Subject to the terms and conditions of the Employment
      Agreement, Mr. Pettie shall serve as the Company's Chairman of the Board and
      Chief Executive Officer through March 31, 2008. Pursuant to the terms of the
      Employment Agreement, Mr. Pettie's base salary shall be $425,000 per annum,
      subject to periodic review by the Board of Directors of the Company, which
      first
      such review shall take place during or before April 2008.
During
      the term of the Employment Agreement, Mr. Pettie shall be entitled to
      participate in all incentive, savings and retirement plans, practices, policies
      and programs applicable generally to senior executive officers of the Company,
      and on the same basis as such senior executive officers, except as to benefits
      that are specifically applicable to Mr. Pettie pursuant to his Employment
      Agreement. With regard to the Company's annual bonus plan, Mr. Pettie shall be
      entitled to an annual bonus (including a guaranteed prorated target bonus of
      no
      less than $62,877 for the fiscal year ending March 31, 2007 based upon days
      of
      service from the Effective Date through March 31, 2007), the amount of which
      shall be determined by the Company's Compensation Committee. During the term of
      the Employment Agreement, Mr. Pettie's annual target (subject to such
      performance and other criteria as may be established by the Company's
      Compensation Committee) bonus shall be no less than 75% of base salary and
      the
      maximum bonus shall be no less than 150% of base salary; provided, that any
      bonus payable for the fiscal year ending March 31, 2008 shall be reduced by
      any
      amounts paid to Mr. Pettie as a retention bonus in accordance with the terms
      of
      the Employment Agreement.
Pursuant
      to the terms of the Employment Agreement, Mr. Pettie and his eligible dependents
      shall be eligible for participation in, and shall receive all benefits under,
      the Company's welfare benefit plans, practices, policies and programs. Mr.
      Pettie shall also be entitled to receive executive perquisites, fringe and
      other
      benefits as are provided to the senior most executives and their families under
      any of the Company's plans and/or programs and such other benefits as are
      customarily available to the Company's senior executives. In addition, Mr.
      Pettie shall also receive, to the extent he continues to be employed by the
      Company on the relevant dates, a retention bonus in the amount of $75,000 on
      each of April 1, 2007 and 2008. Furthermore, beginning April 2007, Mr. Pettie
      shall participate to the same extent as other senior executives in awards under
      the Company's 2005 Long-Term Equity Incentive Plan ("LTIP"). Mr. Pettie's LTIP
      award shall have at the time of grant a value of 150% of Mr. Pettie's total cash
      compensation during the fiscal year immediately preceding the date of the LTIP
      award. In April 2007, the Company shall grant a LTIP award, consisting of
      restricted stock, with a value of $1,125,000, subject to the terms and
      conditions of the LTIP. Any future LTIP awards to Mr. Pettie beginning April
      1,
      2008 shall be determined in accordance with the prevailing practice applicable
      to senior executives. Upon a Change in Control (as defined in the LTIP), all
      awards to Mr. Pettie under the LTIP vest with no requirement that Mr. Pettie's
      employment with the Company has terminated. In addition to the foregoing, upon
      receipt of appropriate written documentation, the Company will reimburse Mr.
      Pettie up to
$15,000
      for reasonable and customary legal fees and expenses incurred by him with
      respect to the negotiation and execution of the Employment Agreement.
The
      Employment Agreement may be terminated (i) by the Company for Cause (as defined
      in the Employment Agreement), without Cause or due to Mr. Pettie's Disability
      (as defined in the Employment Agreement); (ii) by Mr. Pettie for Good Reason
      (as
      defined in the Employment Agreement) or no reason; or (iii) upon the death
      of
      Mr. Pettie.
In
      the
      event the Company terminates Mr. Pettie's employment for Cause, the Company
      shall have no liability to Mr. Pettie other than his accrued base salary through
      the date of termination and any other applicable benefits. In the event the
      Employment Agreement is terminated due to Mr. Pettie's death or Disability, or
      Mr. Pettie terminates the Employment Agreement without Good Reason, the Company
      shall have no liability to Mr. Pettie other than the payment of Accrued
      Obligations (as defined in the Employment Agreement) and any other applicable
      benefits. With regard to a termination of the Employment Agreement due to the
      death or Disability of Mr. Pettie, any award granted under the LTIP shall
      immediately vest upon Mr. Pettie's death or Disability.
In
      the
      event Mr. Pettie is terminated by the Company without Cause, or Mr. Pettie
      terminates the Employment Agreement for Good Reason, the Company shall pay
      to
      Mr. Pettie (i) cash in an aggregate amount equal to the sum of (a) Mr. Pettie's
      base salary through the date of termination; (b) any accrued expenses and
      vacation pay; and (c) any deferred compensation, as applicable; (ii) in
      installments ratably over 12 months in accordance with the Company's normal
      payroll practices (or in a lump sum with the consent of Mr. Pettie), the
      aggregate amount equal to the sum of (a) Mr. Pettie's base salary in effect as
      of the date of termination; and (b) Mr. Pettie's Applicable Annual Bonus (as
      defined in the Employment Agreement); and (iii) cash in the aggregate amount
      equal to the Prorated Unvested LTIP Award Value (as defined below) for each
      LTIP
      award; provided, that with respect to clause (iii), such termination occurs
      prior to March 31, 2010. In addition to the foregoing, Mr. Pettie shall be
      entitled to participate in the Company's life, medical and disability insurance
      programs on the same basis as an active employee of the Company for up to 12
      months after the date of termination. Thereafter, Mr. Pettie shall be entitled
      to continuation of benefits pursuant to the provisions of COBRA. "Prorated
      Unvested LTIP Award Value" shall equal the product of (i) a fraction, the
      numerator of which shall be the number 1 if Mr. Pettie has been employed for
      12
      months or less from the applicable grant date of the LTIP award in question
      (the
"Grant Date"), the number 2 if Mr. Pettie has been employed for more than 12
      months but less than 24 months from the Grant Date, and the number 3 if Mr.
      Pettie has been employed for more than 24 months from the Grant Date, and the
      denominator of which shall be the number 3; multiplied by (ii) the value (based,
      in the case of restricted stock, upon the closing market price of the Company's
      common stock on the day prior to the date of termination of employment) of
      the
      unvested portion of each LTIP award.
The
      Employment Agreement also contains certain confidentiality, non-competition
      and
      non-solicitation provisions as well as other provisions that are customary
      for
      an executive employment agreement.
Mr.
      Pettie, who is 50 years old, served as the President, Dairy Foods Group for
      Conagra Foods from 2005 to 2006 where he was responsible for all aspects of
      marketing, finance, sales, operations, research and development and human
      resources. From 1981 to 2004, Mr. Pettie held various positions of increasing
      responsibility at Kraft Foods and was appointed Executive Vice President/General
      Manager of Kraft Foods' Coffee Division in 2002. As the Executive Vice
      President/General Manager of Kraft Foods' Coffee Division, Mr. Pettie was
      responsible for all aspects of sales, marketing, strategy, finance, operations,
      green coffee procurement and human resources for the division. Mr. Pettie
      received a M.B.A. from Cornell University and a B.S. from the State University
      of New York at Binghamton.
Item
      7.01 Regulation FD Disclosure.
On
      January 12, 2007, the Company issued a press release announcing the resignation
      of Mr. Mann as Chairman of the Board, Acting Chief Executive Officer and
      President and the appointment of Mr. Pettie as Chairman of the Board and Chief
      Executive Officer, which is furnished to the Commission as Exhibit 99.1 to
      this
      Current Report on Form 8-K and is incorporated herein as if copied verbatim.
Item
      9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Description
99.1
Press
                Release dated January 12, 2007.
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.
Dated: January 19, 2007
PRESTIGE
                BRANDS HOLDINGS, INC.
By:
/s/
              Charles N. Jolly
Name: Charles N.
              Jolly
Title: General Counsel and
              Secretary
EXHIBIT
      INDEX
Exhibit
Description
99.1
Press
                Release dated January 12, 2007.