Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
COVR > SEC Filings for COVR > Form 8-K on 11-Mar-2014All Recent SEC Filings




Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On March 7, 2014, the board of directors of Cover-All Technologies Inc. (the "Company") approved 2014 compensation for its non-employee directors (the "Plan"). The purpose of the Plan is to compensate members of the Company's board of directors who are not employees of the Company (each, a "Non-employee Director").

Pursuant to the Plan, each Non-employee Director will receive: (i) annual cash compensation of $22,000; and (ii) an annual award of such number of shares of the Company's common stock that has a Fair Market Value (as defined in the Company's Amended and Restated 2005 Stock Incentive Plan) of $29,000 on March 26, 2014. These shares are restricted and will vest on November 30, 2014. Each Non-employee Director serving on the Company's Audit Committee or Compensation Committee will receive an additional $1,000 per quarter in cash for each such committee on which the director serves.

The terms of the Plan are identical to the terms of the 2013 Non-employee Director compensation plan, approved by the board of directors of the Company on March 26, 2013.

A summary of the Plan is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits.

99.1   Summary of 2014 Non-Employee Director Compensation, dated March 7, 2014.

                         [Signature on following page.]

  Add COVR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for COVR - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.