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| ARC > SEC Filings for ARC > Form 8-K on 25-May-2012 | All Recent SEC Filings |
25-May-2012
Change in Directors or Principal Officers
(e) On May 23, 2012, the Compensation Committee (the "Committee") of the Board of Directors of American Reprographics Company (the "Company") approved stock option grants to the following executive officers:
• Kumarakulasingam Suriyakumar, President and Chief Executive Officer.
A grant to Kumarakulasingam Suriyakumar, the Company's President and Chief Executive Officer, as an annual long-term incentive award of an option to purchase 100,000 shares of the Company's common stock under the Company's 2005 Stock Plan, as amended. The exercise price of the option is $5.37, which was the closing market price of the Company's common stock on the New York Stock Exchange on the date of grant. Assuming Mr. Suriyakumar's continued employment with the Company, the shares subject to the stock option will vest 33.3% on each of the first three anniversaries of the date of grant, and is otherwise subject to the terms of the Company's standard form of stock option agreement under its 2005 Stock Plan, as amended.
• Dilantha Wijesuriya, Chief Operating Officer.
A grant to Dilantha Wijesuriya, the Company's Chief Operating Officer, as an annual long-term incentive award of an option to purchase 10,000 shares of the Company's common stock under the Company's 2005 Stock Plan, as amended. The exercise price of the option is $5.37, which was the closing market price of the Company's common stock on the New York Stock Exchange on the date of grant. Assuming Mr. Wijesuriya's continued employment with the Company, the shares subject to the stock option will vest 33.3% on each of the first three anniversaries of the date of grant, and is otherwise subject to the terms of the Company's standard form of stock option agreement under its 2005 Stock Plan, as amended.
• John E. Toth, Chief Financial Officer.
A grant to John E. Toth, the Company's Chief Financial Officer, as an annual long-term incentive award of an option to purchase 30,000 shares of the Company's common stock under the Company's 2005 Stock Plan, as amended. The exercise price of the option is $5.37, which was the closing market price of the Company's common stock on the New York Stock Exchange on the date of grant. Assuming Mr. Toth's continued employment with the Company, the shares subject to the stock option will vest 33.3% on each of the first three anniversaries of the date of grant, and is otherwise subject to the terms of the Company's standard form of stock option agreement under its 2005 Stock Plan, as amended.
• Rahul Roy, Chief Technology Officer.
A grant to Rahul Roy, the Company's Chief Technology Officer, as an annual long-term incentive award of an option to purchase 100,000 shares of the Company's common stock under the Company's 2005 Stock Plan, as amended. The exercise price of the option is $5.37, which was the closing market price of the Company's common stock on the New York Stock Exchange on the date of grant. Assuming Mr. Roy's continued employment with the Company, the shares subject to the stock option will vest 33.3% on each of the first three anniversaries of the date of grant, and is otherwise subject to the terms of the Company's standard form of stock option agreement under its 2005 Stock Plan, as amended.
A grant to Jorge Avalos the Company's Chief Accounting Officer and Vice President Finance, as an annual long-term incentive award of an option to purchase 20,000 shares of the Company's common stock under the Company's 2005 Stock Plan, as amended. The exercise price of the option is $5.37, which was the closing market price of the Company's common stock on the New York Stock Exchange on the date of grant. Assuming Mr. Avalos' continued employment with the Company, the shares subject to the stock option will vest 33.3% on each of the first three anniversaries of the date of grant, and is otherwise subject to the terms of the Company's standard form of stock option agreement under its 2005 Stock Plan, as amended.
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