8-KThe WireRed Alert
Executive Change
Filed Mar 24, 2011 · 15y ago · Accession 0001193125-11-076206
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): March 18, 2011
RICHARDSON ELECTRONICS, LTD.
(Exact name of registrant as specified in its charter)
Delaware
0-12906
36-2096643
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
40W267 Keslinger Road, P.O. Box 393, LaFox, Illinois
60147-0393
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code: (630) 208-2200
(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))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On March 18, 2011, the Compensation Committee of the Board of Directors of Richardson Electronics, Ltd. (the
Company) granted certain of the executive officers of the Company cash bonus compensation in recognition of their efforts to successfully complete the sale of the Companys former RF, Wireless and Power Division to Arrow
Electronics, Inc., which sale was completed on March 1, 2011.
The executive officers of the Company, their titles and the amount of cash
bonus compensation granted to each of them is set forth in the table below.
Name
Title
Amount of
Cash Bonus
Compensation
Wendy Diddell
Executive Vice President, Corporate Development
$
475,000
Kyle Badger
Executive Vice President, General Counsel and Secretary
$
50,000
Kathy Dvorak
Executive Vice President, Chief Financial Officer
$
50,000
The cash bonus compensation is
immediately payable in full, subject to regular payroll withholding taxes. The grants of cash bonus compensation were not made pursuant to any plan adopted by the Company or its stockholders.
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.
RICHARDSON ELECTRONICS, LTD.
Date: March 24, 2011
By:
/s/ Kyle C. Badger
Name:
Kyle C. Badger
Title:
Executive Vice President, General Counsel and Secretary
Filing details
- Company
- RICHARDSON ELECTRONICS, LTD.
- Ticker
- RELL
- CIK
- 355948
- Form type
- 8-K
- Filing date
- Mar 24, 2011
- Report date
- Mar 18, 2011
- Document
- d8k.htm
- Size
- 44 KB