Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 25, 2012, the Board of Directors approved a cash bonus payment to
certain officers and other employees of the Company, including the named
executive officers, in an aggregate amount of approximately $2.1 million. The
bonus payment is intended as a dividend equivalent payment designed to
compensate the holders of options and RSUs for the Company's recently announced
special dividend $0.50 per share and quarterly cash dividend of $0.20 per share.
The bonus awards were in the following amounts for our named executive officers:
Name Bonus Amount
Michael Stanfield $561,920
Chairman and CEO
John Scanlon $198,684
Executive Vice President and
Chief Financial Officer
Neal Dittersdorf $196,093
Executive Vice President
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