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| FLDM > SEC Filings for FLDM > Form 8-K on 28-Jan-2013 | All Recent SEC Filings |
28-Jan-2013
Change in Directors or Principal Officers
(e) Compensatory Arrangements of Certain Officers
On January 22, 2013, our board of directors approved an adjustment in the annual
base salary, effective January 1, 2013, for Gajus V. Worthington, our president
and chief executive officer, from $350,000 to $425,000. In addition, the board
(i) approved a bonus payment to Mr. Worthington under our executive bonus plan
for the fiscal 2012 performance period equal to $175,000 and (ii) established
his bonus target under the plan for the fiscal 2013 performance period at fifty
percent (50%) of annual base salary. These compensation determinations were made
by our board of directors, excluding Mr. Worthington, upon the recommendation of
our compensation committee.
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