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RFIL > SEC Filings for RFIL > Form 8-K on 6-Nov-2009All Recent SEC Filings

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Form 8-K for R F INDUSTRIES LTD


6-Nov-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.

Effective October 31, 2009, the Board of Directors of RF Industries, Ltd. (the "Corporation") granted to James Doss, the Corporation's Chief Financial Officer and Secretary, a ten-year option to purchase an aggregate of up to 90,000 shares of the Corporation's common stock. The options have an exercise price of $4.05, a price equal to the closing price of the Corporation's common stock on October 30, 2009 (the last trading day before the options became effective). The option granted to Mr. Doss shall vest and become exercisable in annual increments of 10,000 shares each, with the first increment of 10,000 shares vesting on October 31, 2010, and future increments of 10,000 shares vesting over each of the following eight years on October 31 of each such subsequent year; provided, however, that each increment of 10,000 shares shall only vest if Mr. Doss is still an employee of the Corporation on each vesting date. The option was granted pursuant to the Corporation's standard form of stock option agreement, as previously filed with the Securities and Exchange Commission.

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