Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 16, 2009, the Board of Directors of PRG-Schultz International, Inc. (the "Company") appointed Lee Gentry to serve as Controller and Principal Accounting Officer of the Company. Mr. Gentry succeeds Robert Lee in this capacity who had been serving as Controller and Principal Accounting Officer in addition to his roles as Chief Financial Officer and Treasurer prior to Mr. Gentry's appointment. Mr. Lee will continue to serve as Chief Financial Officer and Treasurer of the Company. Prior to joining the Company, Mr. Gentry served as VP Controller for IronPlanet.com, a portfolio company of private equity firms Kleiner, Perkins, Caufield, Byers and Accel Partners, from August 2008 to August 2009. Prior to that he served as the Controller, Financial Accounting at Georgia-Pacific, a wholly owned subsidiary of Koch Industries from April 2007 to July 2009. Before joining Georgia-Pacific, he served as the Assistant Corporate Controller at Caraustar Industries Inc. from September 2000 to April 2007. Mr. Gentry began his career with Ernst & Young LLP. Mr. Gentry is 41.
Mr. Gentry's annual salary is $175,000, and he is eligible for a bonus in accordance with the terms of the Company's 2009 Performance Bonus Plan. Any bonus to be paid for 2009 will be pro-rated based on Mr. Gentry's first date of service with the Company. Mr. Gentry will also be entitled to receive a severance payment in the event the Company terminates his employment without cause. He may also participate in the other employee benefit plans that are generally available to U.S. employees of the Company.

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