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RADS > SEC Filings for RADS > Form 8-K on 9-Mar-2009All Recent SEC Filings

Show all filings for RADIANT SYSTEMS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for RADIANT SYSTEMS INC


9-Mar-2009

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.

(e) On March 3, 2009, the board of directors (the "Board") of Radiant Systems, Inc. (the "Company") determined that the base salaries to be paid to the Company's named executive officers for the fiscal year ending December 31, 2009 will remain the same as the base salaries paid to the named executive officers for the fiscal year ended December 31, 2008. The Board also determined that no awards will be made to the named executive officers under their 2008 short-term incentive plans since the Company did not achieve its applicable financial targets.

In addition, the Board determined the awards to be granted to the named executive officers under the Company's long-term equity incentive plan for the executives' performance during the fiscal year ended December 31, 2008. The Board awarded non-qualified stock options and shares of restricted common stock to each of the named executive officers. The stock options and shares of restricted common stock were awarded under the terms of the Company's Amended and Restated 2005 Long-Term Incentive Plan. The named executive officers will receive the following equity incentive compensation for 2008 performance:

                     Number of         Number of
Name               Stock Options   Restricted Shares

John H. Heyman           127,500              61,200
Alon Goren                19,688               9,450
Andrew S. Heyman          84,375              40,500
Mark E. Haidet            32,813              15,750

In recognition of the significant progress that the named executive officers made towards the Company's three-year strategic plan during the fiscal year ended December 31, 2008, the Board also awarded discretionary cash bonuses to the named executive officers in the following amounts: John H. Heyman - $408,000; Alon Goren - $63,000; Andrew S. Heyman - $270,000; and Mark E. Haidet
- $105,000.


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