Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On October 17, 2008, the Compensation Committee of the Board of Directors of
Innovative Solutions and Support, Inc. (the "Company") approved an increase in
the annual base salary of Roman G. Ptakowski, the President of the Company, of
$75,000 to $325,000 per year, effective as of October 1, 2008. In addition, in
recognition of time spent in achieving a successful outcome in the Company's
litigation against Kollsman, Inc., the Compensation Committee approved a special
one-time bonus to Mr. Ptakowski in the amount of $75,000.
Add
ISSC to Portfolio
Set Alert
Email to a
Friend