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| FORD > SEC Filings for FORD > Form 8-K on 12-Feb-2009 | All Recent SEC Filings |
12-Feb-2009
Results of Operations and Financial Condition, Other Events, Financial Sta
On Tuesday, February 10, 2009, the Company issued a press release announcing its results of operations for the fiscal first quarter ended December 31, 2008. A copy of the press release is attached as Exhibit 99.1.
ITEM 5.02(e) CERTAIN COMPENSATORY ARRANGEMENTS
On Wednesday, February 11, 2009, the Compensation Committee of the Company's Board of Directors voted to approve stock option awards to purchase 10,000 shares of common stock to each of the Company's four Independent Directors, Messrs. Chiste, Galloway, Hamilton, and Lipschitz, and to non-executive director Mr. Schiffman, or 50,000 shares in the aggregate, under the Company's 2007 Equity Incentive Plan. These awards have a grant date of February 12, 2009, and vest one year from the grant date, or February 11, 2010. The option exercise price will be equal to the closing bid price of the Company's common stock on the Nasdaq SmallCap Market on the grant date. These grants were approved by the Board of Directors.
On Wednesday, February 11, 2009, the Company held its annual meeting of shareholders. Six directors were elected to serve for one-year terms until the 2010 annual shareholders meeting: Bruce Galloway, John W. Chiste, Fred Hamilton, and Louis Lipschitz ( independent directors), Michael M. Schiffman (non-executive director), and Douglas W. Sabra ( executive director). In addition, the appointment of Kaufman, Rossin & Co., P.A. as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2009, was ratified by shareholders.
(c) Exhibits.
Exhibit 99.1 Press release issued on February 10, 2009
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