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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