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| VOL > SEC Filings for VOL > Form 8-K/A on 14-Apr-2009 | All Recent SEC Filings |
14-Apr-2009
Other Events
The information in this Form 8-K, including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
In addition to the grants of non-qualified stock options totaling 40,000 shares to the Named Executive Officers disclosed on the Form 8-K filed on April 13, 2009, pursuant to the terms of the 2006 Incentive Stock Plan, as amended, of Volt Information Sciences, Inc. (the "Company"), on April 7, 2009, the Compensation Committee of the Board of Directors of the Company also approved grants of non-qualified stock options to 214 employees of the Company to purchase an aggregate of 614,750 shares of the Company's common stock, par value $.10 per share (the "Company Common Stock") and to each of the six non-management directors of the Company to purchase 3,000 shares of the Company Common Stock, at a price of $6.39 per share, representing the closing price of the Company Common Stock as reported on the New York Stock Exchange on April 7, 2009, which the Compensation Committee determined to be the fair market value of the Company Common Stock on the date of grant. No one employee of the Company received a grant to purchase more than 8,000 shares of the Company Common Stock.
The non-qualified stock options (i) are exercisable in twenty percent (20%) annual increments over a five (5) year period, with the initial increment being exercisable one (1) year after the date of the grant and (ii) expire on April 6, 2019. The foregoing description of the non-qualified stock options is a summary only and is qualified in its entirety by reference to the full text of Non-Qualified Stock Option Agreements, the form of which was attached to the Form 8-K filed on April 13, 2009.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 14, 2009 By: /s/ Ronald Kochman Ronald Kochman Vice President
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