Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
PKE > SEC Filings for PKE > Form 8-K on 22-Oct-2008All Recent SEC Filings

Show all filings for PARK ELECTROCHEMICAL CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for PARK ELECTROCHEMICAL CORP


22-Oct-2008

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain 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

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.

- 2 -

  Add PKE to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for PKE - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.