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ARC > SEC Filings for ARC > Form 8-K/A on 29-Nov-2012All Recent SEC Filings




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 9, 2012, American Reprographics Company (the "Company") filed a Current Report on Form 8-K (the "Report") regarding voluntary salary reductions of certain named executive officers. This Current Report on Form 8-K/A is filed to correct inadvertent errors in certain salary reduction amounts, base salaries and projected end dates disclosed in the Report, and the following disclosure amends and supersedes the information contained in the Report.

(e) Compensatory Arrangements of Certain Officers.

2012 Voluntary Temporary Base Salary Reductions

The following named executive officers of the Company have voluntarily and temporarily agreed to reduce their annual base salaries in the percentages and dollar amounts set forth below opposite each such executive officer's name, effective November 10, 2012 and projected to end on or before December 31, 2013. The voluntary salary reductions below are subject to elimination at any time at the election of each executive officer and do not impact non-salary compensation and benefits.

                                                                                            Annual Salary
                                                 Base Salary       Salary Reduction %           After
Name                            Title             (Amount)              (Amount)              Reduction
Kumarakulasingam        Chairman, President     $     950,000           20% ($190,000)     $       760,000
Suriyakumar             and Chief Executive

Dilantha Wijesuriya     Chief Operating         $     350,000            10% ($35,000)     $       315,000

John E.D. Toth          Chief Financial         $     300,000            10% ($30,000)     $       270,000
                        Officer, Secretary

Rahul K. Roy            Chief Technology        $     500,000            10% ($50,000)     $       450,000

Jorge Avalos            Chief Accounting        $     260,000             5% ($13,000)     $       247,000
                        Officer, Vice
                        President Finance

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