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KLIC > SEC Filings for KLIC > Form 8-K on 7-Aug-2009All Recent SEC Filings

Show all filings for KULICKE & SOFFA INDUSTRIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for KULICKE & SOFFA INDUSTRIES INC


7-Aug-2009

Change in Directors or Principal Officers


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


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