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SHARPS COMPLIANCE CORP FILES (8-K) Disclosing Change in Directors or Principal Officers
[August 29, 2014]

SHARPS COMPLIANCE CORP FILES (8-K) Disclosing Change in Directors or Principal Officers


(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



Executive Officer Cash Bonuses and Stock Option Awards On August 26, 2014, the Compensation Committee of the Board of Directors of the Company ("Compensation Committee") approved the following cash bonuses and stock option awards for certain named executive officers under Part I and II of the Executive Incentive Compensation Plan ("the Plan"): Officer Cash Bonuses Stock Options David P. Tusa, Chief Executive Officer and President $100,000 120,000 Diana P. Diaz, Vice President and Chief Financial $50,000 65,000 Officer Brandon L. Beaver, Senior Vice President of Sales $50,000 65,000 Gregory C. Davis, Vice President of Operation $25,000 25,000 Khairan "Al" Aladwani, Vice President of Quality $25,000 25,000 Control/Assurance The stock options were granted under a shareholder approved stock plan and will vest over a four year period (one-quarter at end of each year beginning August 26, 2014). The exercise price of the options is equal to the quoted end of trading day market price of the underlying common stock at date of grant, which on August 26, 2014, was $4.32 per share. The Plan was approved by the Compensation Committee on February 29, 2012 and modified on November 20, 2013.

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