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EFII > SEC Filings for EFII > Form 8-K on 11-Jun-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


11-Jun-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

On June 5, 2009, the Compensation Committee of the Board of Directors of Electronics For Imaging, Inc. (the "Company") approved a performance-based cash bonus plan for the Company's named executive officers (each, an "NEO"). For 2009, each NEO is eligible to be paid a performance-based cash bonus based on a target percentage of such officer's annual base salary. The 2009 bonus target amounts of Messrs Gecht, Rosenzweig and Ritchie were set at 105%, 95% and 55%, respectively, of their 2009 base salary. Each NEO's 2009 performance-based cash bonus will be based 60% on the achievement of corporate objectives relating to the Company's operating income and revenue which were based upon the Company's 2009 financial goals presented and agreed upon by the Board of Directors in February 2009. The remaining 40% of each NEO's 2009 performance-based cash bonus will be based upon the successful completion of strategic growth objectives as approved by the Compensation Committee.


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