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COVR > SEC Filings for COVR > Form 8-K on 11-Mar-2014All Recent SEC Filings

Show all filings for COVER ALL TECHNOLOGIES INC

Form 8-K for COVER ALL TECHNOLOGIES INC


11-Mar-2014

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.]


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