- Current report filing (8-K)
March 02 2010 - 4:40PM
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)
February 25,
2010
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Adolor
Corporation
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(Exact name of registrant as specified in its
charter)
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Delaware
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000-30039
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31-1429198
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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700 Pennsylvania Drive, Exton, PA
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19341
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(Address
of principal executive offices)
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(Zip
Code)
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Registrants telephone number, including area code
(484) 595-1500
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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:
o
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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Annual Cash Awards under the Adolor Corporation (the
Company) Incentive Compensation Plan (the ICP) for fiscal year 2009
. On December 14,
2009, the Compensation Committee of the Board of Directors (the Board) of the
Company approved the annual cash incentive compensation awards for fiscal year
2009 to be made to the executive officers of the Company pursuant to the
Companys ICP in effect during 2009. For
2009, the Compensation Committee exercised its discretion to reduce the level
of targeted payout under the ICP to 50% of the target bonus levels for the
Company.
The individual ICP awards shown below were ratified
by the independent members of the Board on December 15, 2009 and were
subject to the finalization of financial results for the year ended December 31,
2009, which were released on February 25, 2010. The awards earned in 2009, which will be paid
in early March 2010, are as follows:
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Michael R. Dougherty
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$
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120,381
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Eliseo O. Salinas
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$
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109,438
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John M. Limongelli
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$
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55,234
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George R. Maurer
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$
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39,060
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Stephen W. Webster
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$
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45,191
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2
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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ADOLOR CORPORATION
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By
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/s/ John M. Limongelli
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Name:
John M. Limongelli
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Title:
Sr. Vice President, General Counsel and Secretary
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Dated:
February 25, 2010
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3
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