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XTLS > SEC Filings for XTLS > Form 8-K on 26-Dec-2012All Recent SEC Filings

Show all filings for XSTELOS HOLDINGS, INC.

Form 8-K for XSTELOS HOLDINGS, INC.


26-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.

On December 18, 2012, the independent directors of the Board of Directors of Xstelos Holdings, Inc. (the "Company") unanimously approved the payment of a discretionary cash bonus of $250,000 to Jonathan M. Couchman, the Company's President, Chief Executive Officer and Chief Financial Officer, on account of his superior performance in 2012. The discretionary cash bonus was awarded in recognition of the extraordinary leadership of the Company by Mr. Couchman in 2012.


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