Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Approval of PSU Award Agreements
On
The PSU Agreement provides for a grant of a target number of PSUs, with the
actual number of PSUs earned to be determined by comparing the Company's total
shareholder return ("TSR") relative to the TSR of the companies on the Russell
2000 Index over a three-year measurement period that runs from
Vesting is generally subject to the grantee's continued employment through the end of the applicable measurement period, with certain exceptions in the case of termination due to death, disability, or "retirement" (as such term is defined in the PSU Agreement).
The foregoing description of the PSU Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the PSU Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Approval of RSU Award Agreements
On
The RSU Agreement has the same terms and conditions as the Form of Restricted
Stock Unit Agreement under the 2008 Equity Incentive Plan as previously used the
Company and as filed as Exhibit 10.2 to the Company's Quarterly Report on Form
10-Q (File No. 001-12593) filed on
The foregoing description of the RSU Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the RSU Agreement, a copy of which is filed as Exhibit 10.2 hereto and incorporated herein by reference.
Grants of RSU and PSU Awards
On
Name RSUs PSUs
8,100 8,100
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Form of Performance Stock Unit AwardGrant Notice and Performance Stock 10.1 Unit Agreement. Form of Restricted Stock Unit AwardGrant Notice and Restricted Stock 10.2 Unit Agreement. 104 Cover page formatted in Inline XBRL.
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