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| PGI > SEC Filings for PGI > Form 8-K on 1-Apr-2009 | All Recent SEC Filings |
1-Apr-2009
Change in Directors or Principal Officers, Financial Statements an
The Compensation Committee of Premiere Global Services, Inc. approved the recommendation of our Chief Executive Officer, which we disclosed in our current report on Form 8-K filed February 19, 2009, and granted to David E. Trine, our Chief Financial Officer, 100,000 shares of restricted stock effective March 31, 2009. These shares vest as to 25,000, 25,000 and 50,000 shares on the first, second and third anniversaries of the grant date, respectively, provided that Mr. Trine is employed by us on such dates. Upon a "change in control," as defined in his employment agreement, which we previously filed as Exhibit 10.1 to the current report on Form 8-K filed February 19, 2009, the vesting of any unvested shares will accelerate in full and upon Mr. Trine's termination without "cause," also as defined in his employment agreement, the vesting will accelerate with respect to the tranche next scheduled to vest. The shares are subject to terms and conditions as set forth in the restricted stock agreement that is included as Exhibit 10.1 to this current report.
(d) Exhibits
Exhibit 10.1 Restricted Stock Agreement between David E. Trine and the Registrant under the Registrant's 2004 Stock Plan.
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