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EFII > SEC Filings for EFII > Form 8-K on 7-Apr-2009All Recent SEC Filings

Show all filings for ELECTRONICS FOR IMAGING INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ELECTRONICS FOR IMAGING INC


7-Apr-2009

Results of Operations and Financial Condition, Change in Directors or


Item 2.02. Results of Operations and Financial Condition.

On April 7, 2009, Electronics For Imaging, Inc. ("EFI" or "Company") announced its expected preliminary financial results for the fiscal quarter ended March 31, 2009. A copy of the press release is attached hereto as Exhibit 99.1 and is being furnished under Item 2.02 of this Current Report on Form 8-K.



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

Reduction in Base Annual Salaries

On April 3, 2009, the Compensation Committee of the Company approved and accepted the voluntary reduction of the annual base salaries of each of Messrs. Gecht, Rosenzweig and Ritchie (the "Named Executive Officers") by fifteen percent (15%) for Messrs. Gecht and Rosenzweig, to equal $527,000 and $450,500, respectively, and by ten percent (10%) for Mr. Ritchie, to equal $279,000. This reduction was volunteered by the Named Executive Officers in support of the Company's cost reduction activities due to deteriorating global economic and industry conditions provided that such voluntarily reduced base annual salaries would not be used in the calculation of any other benefits set forth in each Named Executive Officer's current employment agreement. The temporarily reduced base annual salaries of each of the Named Executive Officer will be effective as of April 16, 2009.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.      Description
   99.1          Press Release dated April 7, 2009 - EFI Provides Preliminary
                 Results for First Quarter of 2009

The information included in Exhibit 99.1 is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.


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