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APDN > SEC Filings for APDN > Form 8-K on 5-Dec-2012All Recent SEC Filings

Show all filings for APPLIED DNA SCIENCES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for APPLIED DNA SCIENCES INC


5-Dec-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.

(b) On November 30, 2012, Mr. Gerald Catenacci advised the Board of Directors of Applied DNA Sciences, Inc. (the "Company") that he would not stand for re-election as a director of the Company at the Company's 2013 Annual Meeting of Stockholders.

(e) On November 30, 2012, the Board of Directors of the Company increased the annual salary payable to Dr. James A. Hayward, Chairman, President and Chief Executive Officer of the Company, from $225,000 to $350,000. In addition, the Board granted a cash bonus of $150,000 to Dr. Hayward which would be payable upon the closing of an additional $5.5 Million investment by Crede CG II, Ltd. ("Crede") agreed to occur on the date a registration statement is declared effective by the Securities and Exchange Commission relating to the resale of shares of Common Stock issued or to be issued to Crede.

On November 30, 2012, the Board of Directors of the Company increased the annual salary payable to Mr. Kurt H. Jensen, Chief Financial Officer of the Company, from $225,000 to $315,000. In addition, the Board granted a cash bonus of $100,000 to Mr. Jensen.

On November 30, 2012, the Board of Directors of the Company granted a cash bonus of $10,000 to Mr. Ming-Hwa Liang, Chief Technology Officer and Secretary of the Company.

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