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

William R. Duvall, Executive Vice President and Chief Technology Officer of LoJack Corporation (the "Company") retired from the Company effective as of August 24, 2009. On August 21, 2009, the Company entered into an agreement with Mr. Duvall which provides for Mr. Duvall to receive an amount equal to eighteen months of his current annual base salary, payable over a period of twenty-four months. For up to eighteen months, the Company will continue to pay the employer portion of the group medical and dental plans. Mr. Duvall is entitled to receive a prorated portion of his annual 2009 bonus for the portion of time actually worked prior to his retirement date, to be paid in 2010 in accordance with the terms of the Company's bonus plan. Mr. Duvall's current target bonus is annualized at 50% of his annual base salary. Mr. Duvall is subject to a non-solicitation, non-competition covenant for a period of two years.

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