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| RFMI > SEC Filings for RFMI > Form 8-K on 23-Jan-2009 | All Recent SEC Filings |
23-Jan-2009
Regulation FD Disclosure
On January 21, 2009, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of RF Monolithics, Inc. (the "Company"), approved the grant of 15,000 Restricted Stock Units (RSUs) to each non-employee director (collectively, the "Non-Employee Directors") serving on the Board, who are Michael R. Bernique, William L. Eversole, Rick L. Herrman and Jonathan W. Ladd. Each of these grants will vest annually over the next four years, such that 3,750 RSUs will vest each year on the first trading day of January 2010, 2011, 2012 and 2013.
Additionally, the Committee approved the grant of 5,000 RSUs to each of the Non-Employee Directors, which will vest fully on May 31, 2009. As previously announced, the Company has halted retainer and meeting fees for Non-Employee Directors.
The foregoing grants were made pursuant to the RF Monolithics, Inc. 2006 Equity Incentive Plan, as amended (the "2006 Plan"). When and to the extent that each RSU vests, subject to the terms and conditions of the award and the 2006 Plan, the recipient will be entitled to receive one share of the Company's common stock.
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