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Quotes & Info
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| ARC > SEC Filings for ARC > Form 8-K/A on 29-Nov-2012 | All Recent SEC Filings |
29-Nov-2012
Change in Directors or Principal Officers
On November 9, 2012, American Reprographics Company (the "Company") filed a Current Report on Form 8-K (the "Report") regarding voluntary salary reductions of certain named executive officers. This Current Report on Form 8-K/A is filed to correct inadvertent errors in certain salary reduction amounts, base salaries and projected end dates disclosed in the Report, and the following disclosure amends and supersedes the information contained in the Report.
(e) Compensatory Arrangements of Certain Officers.
2012 Voluntary Temporary Base Salary Reductions
The following named executive officers of the Company have voluntarily and temporarily agreed to reduce their annual base salaries in the percentages and dollar amounts set forth below opposite each such executive officer's name, effective November 10, 2012 and projected to end on or before December 31, 2013. The voluntary salary reductions below are subject to elimination at any time at the election of each executive officer and do not impact non-salary compensation and benefits.
Annual Salary
Base Salary Salary Reduction % After
Name Title (Amount) (Amount) Reduction
Kumarakulasingam Chairman, President $ 950,000 20% ($190,000) $ 760,000
Suriyakumar and Chief Executive
Officer
Dilantha Wijesuriya Chief Operating $ 350,000 10% ($35,000) $ 315,000
Officer
John E.D. Toth Chief Financial $ 300,000 10% ($30,000) $ 270,000
Officer, Secretary
Rahul K. Roy Chief Technology $ 500,000 10% ($50,000) $ 450,000
Officer
Jorge Avalos Chief Accounting $ 260,000 5% ($13,000) $ 247,000
Officer, Vice
President Finance
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