Current Report Filing (8-k)
November 07 2019 - 6:08AM
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): November 4, 2019
VOLT INFORMATION SCIENCES, INC.
(Exact name of registrant as specified in its charter)
New York
|
001-9232
|
13- 5658129
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification Number)
|
50 Charles Lindbergh Blvd., Uniondale, New York
|
11553
|
(Address of principal executive offices)
|
(Zip Code)
|
(516) 228-6700
(Registrant’s
Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former
Address, if Changed Since Last Report)
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):
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Common Stock, par value $0.10
|
VOLT
|
NYSE American
|
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective
November 4, 2019, and in consideration of increased responsibilities in her position with Volt Information Sciences, Inc.
(the “Company”), Ms. Avedissian received a promotion in her title to Senior Vice President, Chief Legal Officer
and Corporate Secretary. Ms. Avedissian previously served as the Company’s Senior Vice President, General Counsel
and Corporate Secretary, since October 2016. In connection therewith, the Company adjusted certain levels of
Ms. Avedissian’s compensation, as described below.
Ms. Avedissian’s
annual base salary was increased from $380,000 to $400,000 and her target annual bonus under the Company’s Annual Incentive
Plan was increased from 50% to 60% of her annual base salary, subject to achievement of applicable performance objectives. Ms.
Avedissian is also eligible to receive annual equity grants as a long-term incentive with a grant date value equal to $320,000.
Other than the foregoing, the terms and conditions of Ms. Avedissian’s current employment, as outlined in her employment
agreement with the Company, remain unchanged.
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.
|
Volt Information Sciences, Inc.
|
|
|
|
|
|
|
|
|
Date: November 7, 2019
|
By:
|
/s/ Nancy Avedissian
|
|
|
Nancy Avedissian
|
|
|
Senior Vice President, Chief Legal Officer and Corporate
Secretary
|
Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
From Sep 2023 to Sep 2024