Item 8.01. Other Events

On May 21, 2009, Collective Brands, Inc., a Delaware corporation (the "Company"), issued a press release announcing the re-election of Mylle H. Mangum, John F. McGovern, and D. Scott Olivet, to the Collective Brands Board of Directors at the Annual Stockholders Meeting. These re-elected board members were each elected to a three-year term to expire at the Annual Meeting of Stockholders in 2012. Stockholders also ratified the reappointment of Deloitte & Touche LLP as the Company's independent registered public accountants for fiscal year 2009.

In addition, Matthew E. Rubel has been re-elected as Chairman of the Board. Robert F. Moran has been re-elected as Lead Director. The Chairman of the Board and Lead Director are elected annually at the Board meeting immediately following the Annual Meeting of Stockholders.

The full text of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release of Collective Brands, Inc. dated May 21, 2009

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