Zila Inc - Current report filing (8-K)
April 07 2008 - 5:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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)
April 2, 2008
ZILA, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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0-17521
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86-0619668
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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5227 North 7th Street, Phoenix, Arizona 85014-2800
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(Address of Principal Executive Offices)
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(602) 266-6700
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(Registrant’s telephone number, including area code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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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 (
see
General Instruction
A.2. below):
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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 2, 2008, the Board of Directors of the Company approved a salary reduction program
pursuant to which the following officers’ salaries were reduced by 10%:
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Base Salary
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Base Salary
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Name
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Position
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(pre-reduction)
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(post-reduction)
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David R. Bethune
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Chairman and Interim Chief Executive Officer
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$
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255,000
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$
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229,500
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Frank J. Bellizzi
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Executive Vice President and President of Zila Pharmaceuticals, Inc.
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$
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360,000
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$
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324,000
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Gary V. Klinefelter
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Vice President, General Counsel and Secretary
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$
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240,000
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$
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216,000
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Diane E. Klein
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Vice President of Finance and Treasurer
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$
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185,000
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$
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166,500
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David A. Barshis
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Senior Vice President and General Manager of Zila Pharmaceuticals, Inc.
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$
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225,000
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$
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202,500
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The salary reductions described above will become effective with the pay period that
begins on April 14, 2008.
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.
Dated: April 7, 2008
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ZILA, INC.
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/s/ Gary V. Klinefelter
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By:
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Gary V. Klinefelter
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Vice President and General Counsel
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