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STNR > SEC Filings for STNR > Form 8-K on 1-Mar-2013All Recent SEC Filings

Show all filings for STEINER LEISURE LTD | Request a Trial to NEW EDGAR Online Pro

Form 8-K for STEINER LEISURE LTD


1-Mar-2013

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.

(e) At its meeting held on February 27, 2013, the compensation committee (the "Committee") of the board of directors of Steiner Leisure Limited (the "Company") approved the awards of discretionary bonuses for 2012 to certain executive officers of the Company, including certain of the Company's "named executive officers" for purposes of compensation disclosure in the Company's proxy statement for its 2013 annual meeting of shareholders. Sean Harrington, Managing Director of the Company's Elemis Limited subsidiary, received a bonus in the amount of $98,566 and Robert C. Boehm, Executive Vice President and General Counsel of the Company, received a bonus in the amount of $40,000. Mr. Harrington is based in the United Kingdom and is paid in British Pounds Sterling. The dollar amount indicated for Mr. Harrington's bonus is based on the British Pounds Sterling to US Dollars exchange rate in effect on February 27, 2013. The Committee also approved on the above date the awards to Leonard Fluxman, President and Chief Executive Officer of the Company, of 13,106 restricted share units and Stephen Lazarus, Executive Vice President and Chief Financial Officer of the Company, of 6,553 restricted share units. These restricted share units vest in one-third increments on each of the first three anniversaries of the date of grant.


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