-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FoErhvJM5FtqcwR3zrLrnYbGDWGEFAxChhwRmsRSgyk9CxQKONB8KwHffm3+AErl OZyZSVgfkodCajxBQLluzQ== 0001193125-07-263127.txt : 20071211 0001193125-07-263127.hdr.sgml : 20071211 20071211164115 ACCESSION NUMBER: 0001193125-07-263127 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071206 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071211 DATE AS OF CHANGE: 20071211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEARNING TREE INTERNATIONAL INC CENTRAL INDEX KEY: 0001002037 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 953133814 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27248 FILM NUMBER: 071299415 BUSINESS ADDRESS: STREET 1: 400 NORTH CONTINENTAL BOULEVARD STREET 2: SUITE 200 CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3104179700 MAIL ADDRESS: STREET 1: 400 NORTH CONTINENTAL BOULEVARD STREET 2: SUITE 200 CITY: EL SEGUNDO STATE: CA ZIP: 90245 8-K 1 d8k.htm FORM 8-K Form 8-K

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) December 6, 2007

 

Learning Tree International, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   0-27248   95-3133814

(State or other jurisdiction

of incorporation)

   Commission file number  

(I.R.S. Employer

identification No.)

 

1805 Library Street, Reston, VA   20190
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (703) 709-9119

 

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

On December 6, 2007, the Compensation Committee of the Board of Directors of Learning Tree International, Inc. (the “Company”) approved:

(i) the payment of incentive bonuses for certain officers, calculated based on fiscal year 2007 results and the formulas approved at the beginning of that year. Nicholas R. Schacht, President and Chief Executive Officer was awarded $325,395.52; Magnus Nylund, Chief Information Officer, was awarded $122,023.32; and David A. Booker, Chief Operating Officer, was awarded $122,023.32;

(ii) a special bonus of $50,000.00 to Charles R. Waldron, Chief Financial Officer; and

(iii) special bonuses in lieu of the exercise of certain employee options which expire during December 2007, where the stock received on exercise could not have been sold for over a year due to the employee trading policy of the Company. The amounts of the bonuses will be equal to (i) the product of the number of shares involved and the average closing price of the Company’s stock for the period from December 13 through December 14 less (ii) the aggregate exercise price of the option. Mr. Nicholas Schacht, President and Chief Executive Officer of the Company, will receive a bonus based on 30,000 shares and an aggregate exercise price of $405,600.

 

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

None.

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 thereunto duly authorized.

 

    LEARNING TREE INTERNATIONAL, INC.
Dated: December 11, 2007     By:  

/s/ NICHOLAS R. SCHACHT

      Nicholas R. Schacht
      Chief Executive Officer
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