|
Quotes & Info
|
| KLIC > SEC Filings for KLIC > Form 8-K on 7-Aug-2009 | All Recent SEC Filings |
7-Aug-2009
Change in Directors or Principal Officers
In order to conserve cash and reduce expenses during January and February 2009, Kulicke and Soffa Industries, Inc. (the "Company") reduced the base salaries of its employees, including all of its executive officers. On August 3, 2009, the Management Development and Compensation Committee of the Board of Directors of the Company approved the restoration of base salaries for the Company's employees on a Company-wide basis effective prospectively in September. As part of this action, the Company increased the base salaries by previously reduced amounts for the following executive officers: C. Scott Kulicke, Michael J. Morris, Tek Chee Mak, Christian Rheault, Charles Salmons, Shay Torton, Ran Bareket and Gregg Kelly. In addition, the Company restored matching cash contributions to the wedge bonder equipment employees' 401(K) savings plan, a plan in which Mr. Kelly participates.
|
|