Current Report Filing (8-k)
April 07 2017 - 1:33PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
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April 5, 2017
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RF INDUSTRIES, LTD.
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(Exact name of registrant as specified in its charter)
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Nevada
(State or Other Jurisdiction
of Incorporation)
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0-13301
(Commission File Number)
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88-0168936
(I.R.S. Employer
Identification No.)
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7610 Miramar Road, Bldg. 6000
San Diego, California 92126-4202
(Address of Principal Executive Offices)
(858) 549-6340
(Registrant’s Telephone Number)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
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On April 5, 2017, the Board of Directors
of RF Industries, Ltd. (the “Company”) adopted corporate goals for the determination of cash bonuses to be paid to
Mark Turfler, the Company’s Chief Financial Officer, for the 2017 fiscal year. The target bonus payable to Mr. Turfler is
40% of his 2017 base salary. The cash bonus that Mr. Turfler can receive will be based upon (i) the Company’s subjective
determination of his performance (30% of the bonus) and (ii) the achievement by the Company of certain EBITDA targets for the fiscal
year ended October 31, 2017 (70% of the bonus). Mr. Turfler’s base salary for fiscal 2017 is $170,000. The Board and the
Compensation Committee reserve the right to modify these goals and criteria at any time, to pay bonuses greater than the target
percentages, and to grant bonuses even if the performance goals are not met.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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April 7, 2017
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By:
/s/ Howard Hill
Howard Hill
Interim Chief Executive Officer
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