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Quotes & Info
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| PKE > SEC Filings for PKE > Form 8-K on 22-Oct-2008 | All Recent SEC Filings |
22-Oct-2008
Change in Directors or Principal Officers
Item 5.02(f)
Determination of Cash Bonus Awards for Fiscal Year 2008
On October 16, 2008, the Compensation Committee of the Board of Directors of Park Electrochemical Corp. (the "Company") approved a cash bonus award for the Company's Chief Executive Officer identified below for the fiscal year ended March 2, 2008. Other compensation for fiscal year 2008 was previously reported by the Company in the Summary Compensation Table beginning on page 9 of the definitive proxy statement, dated June 24, 2008, for its 2008 Annual Meeting of Shareholders (filed with the Securities and Exchange Commission on June 24, 2008) (the "Proxy Statement"). As of the filing of the Proxy Statement, cash bonuses for executive officers had not been determined and, therefore, were omitted from the Summary Compensation Table included in the Proxy Statement. Pursuant to Item 5.02(f) of Form 8-K, the cash bonus award for the Company's Chief Executive Officer for fiscal year 2008 is set forth below, and the cash bonus awards for the Company's other named executive officers for fiscal year 2008 were set forth in Item 5.02(f) of the Company's Current Report on Form 8-K dated August 26, 2008.
Fiscal Year 2008
Name and Principal Position Cash Bonus Award Total Compensation
Brian E. Shore $100,000 $710,261
President and Chief Executive Officer
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As the Company has previously reported, the Company's Chief Executive Officer has declined to accept the Compensation Committee's offer of a bonus and a salary increase each year since the Company's 2001 fiscal year. Earlier in the current fiscal year, the Company's Chief Executive Officer declined to accept the Compensation Committee's offer of a bonus for fiscal year 2008 and a salary increase for fiscal year 2009. The Company's Chief Executive Officer has stated that he intends to donate the 2008 fiscal year bonus to charity.
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