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ACUR > SEC Filings for ACUR > Form 8-K on 12-Dec-2013All Recent SEC Filings




Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On December 12, 2013 we awarded cash bonuses to, and effective January 1, 2014, increased the annual salaries of, the named executive officers listed below, in the amounts provided:

Name               Title                      Annual Salary       Bonus Award
Robert B. Jones    President and Chief        $390,000 (increased $126,400
                   Executive Officer          from $383,000)
Peter A. Clemens   Senior Vice President and  $280,000 (increased $72,300
                   Chief Financial Officer    from $219,000)
Albert W. Brzeczko Vice President, Technical  $285,000 (increased $50,800
                   Affairs of Acura           from $282,000)
                   Technologies, Inc.
Robert A. Seiser   Vice President, Controller $172,000 (increased $30,600
                   and Treasurer              from $170,000)
James F. Emigh     Vice President, Corporate  $172,00 (increased  $18,100
                   Development                from $170,000)

On December 12, 2013, we and Peter A. Clemens, our Chief Financial Officer and Senior Vice President entered into an amendment (the "Amendment") to his employment agreement dated March 10, 1998, as amended. Under the Amendment, Mr. Clemens' base salary was increased to $280,000 from $219,000 but the maximum annual bonus for which he is eligible was reduced from 100% percent of base salary to 70% of base salary.

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