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INTX > SEC Filings for INTX > Form 8-K on 1-Nov-2012All Recent SEC Filings

Show all filings for INTERSECTIONS INC

Form 8-K for INTERSECTIONS INC


1-Nov-2012

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

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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