- Current report filing (8-K)
January 27 2010 - 4:50PM
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):
January 21
, 2010
CardioNet, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
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001-33993
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33-0604557
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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227 Washington Street #300
Conshohocken, PA
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19428
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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:
(610) 729-7000
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:
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
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, on October 23,
2009, the Compensation Committee of the Board of Directors of CardioNet, Inc.
(the Company) and, where applicable, the Board of Directors of the Company,
approved a discretionary cash bonus pool (the Bonus Pool) for employees
eligible to participate in the Companys Management Incentive Plan. At the time the Bonus Pool was created,
certain performance targets previously established for the 2009 calendar year
under the Management Incentive Plan were not likely to be attained, and thus
the Compensation Committee and, where applicable, the Board of Directors,
created the Bonus Pool to provide an appropriate incentive for certain
employees eligible to participate in the Management Incentive Plan.
As anticipated when the
Bonus Pool was created, the performance targets previously established for the
2009 calendar year under the Management Incentive Plan ultimately were not
attained and no bonuses were awarded under the Management Incentive Plan. On January 21 and 22, 2010, the
Compensation Committee and, where applicable, the Board of Directors, approved
discretionary cash bonuses from the Bonus Pool to the Companys named executive
officers in the following amounts:
Name
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Bonus
Amount
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Randy
H. Thurman
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$
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375,000
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John
Imperato
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$
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92,700
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Anna
McNamara
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$
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75,000
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Heather
Getz
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$
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49,875
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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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CardioNet, Inc.
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January 27,
2010
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By:
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/s/
Randy H. Thurman
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Name:
Randy H. Thurman
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Title:
President and Chief Executive Officer
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3
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