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RLOC > SEC Filings for RLOC > Form 8-K on 7-Nov-2013All Recent SEC Filings

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Form 8-K for REACHLOCAL INC


7-Nov-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.

On November 6, 2013, the Compensation Committee of the Board of Directors of ReachLocal, Inc., established an annual base salary of $400,000 for David Scott Carlick, ReachLocal's Chairman of the Board and Interim Chief Executive Officer, so long as Mr. Carlick serves as Interim Chief Executive Officer. Such salary is effective as of the date Mr. Carlick was appointed as Interim Chief Executive Officer, August 30, 2013. While serving as Interim Chief Executive Officer, Mr. Carlick will not be eligible to participate in ReachLocal's non-employee director compensation program in respect of his service as Chairman of the Board.

In addition, the Compensation Committee approved a grant of 50,000 shares of restricted stock to Mr. Carlick effective as of November 7, 2013. The restrictions will lapse on the first anniversary of the grant date, subject to Mr. Carlick's continued service to ReachLocal.


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