Summary of DYNAVOX INC. - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On October 3, 2012, the Board of Directors (the "Board") of DynaVox Inc. (the "Company"), upon the recommendation of the Compensation Committee of the Board, approved amendments to its compensatory arrangements with certain executive officers, and such amendments were effected. Pursuant to such amendments, the Company increased the annual base salaries of Robert Cunningham, Chief of Clinical Pathways and Research, and Kenneth Misch, Chief Financial Officer, by $4,700 and $35,000, respectively, such that their resulting annual base salaries are $239,700 and $260,000, respectively. The Board also approved a discretionary bonus of $15,000 for Mr. Cunningham.

In addition, the Board, upon the recommendation of the Compensation Committee of the Board, approved grants of restricted stock units to Michelle Heying Wilver, Chief Executive Officer, Mr. Misch, Mr. Cunningham and Marcy Smorey-Giger, Chief Legal Officer, representing the right to receive 275,000, 75,000, 125,000 and 50,000 shares of the Company, respectively. The restricted stock units were granted under the DynaVox Inc. 2010 Long-Term Incentive Plan, as it may be amended from time to time, and pursuant to the form of restricted stock unit agreement attached hereto as Exhibit 10.1.

Subject to each recipient's continued employment through the applicable vesting date, to the extent applicable, and certain exceptions contained in the restricted stock unit agreements, the restricted stock units will vest as follows: (i) 25% of the shares subject to such restricted stock units will be vested on the date of grant and (ii) an additional 25% of the shares subject to such restricted stock units will vest on each of the first, second and third anniversaries of the date of grant.

The foregoing is a summary of the restricted stock unit agreements and does not purport to be complete. The foregoing is qualified in its entirety by reference to the form of restricted stock unit agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and which is incorporated herein by reference.