-----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, Vcs3oxVBP1jDcpompOQ6jVrkW/foO1l41XDTm/DL2ZujW2QD0hhWToZoeBQyR76Z iqdKxdq7KA3hUcmYZq90Bg== 0001104659-08-019416.txt : 20080325 0001104659-08-019416.hdr.sgml : 20080325 20080325112349 ACCESSION NUMBER: 0001104659-08-019416 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080118 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080325 DATE AS OF CHANGE: 20080325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROS Holdings, Inc. CENTRAL INDEX KEY: 0001392972 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 760168604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33554 FILM NUMBER: 08708625 BUSINESS ADDRESS: STREET 1: 3100 MAIN STREET STREET 2: SUITE 900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-335-5151 MAIL ADDRESS: STREET 1: 3100 MAIN STREET STREET 2: SUITE 900 CITY: HOUSTON STATE: TX ZIP: 77002 8-K 1 a08-8858_18k.htm 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: March 25, 2008

 

(Date of earliest event reported): January 18, 2008

 

PROS Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

76-0168604

(State or Other Jurisdiction of Incorporation)

 

(I.R.S. Employer Identification No.)

 

3100 Main Street, Suite 900
Houston, TX, 77002

 

(713) 335-5151

(Address of principal executive offices)

 

(Registrant’s Telephone Number, including Area Code)

 

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 (17CFR230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

 

 

 

 


 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 18, 2008, the Compensation Committee of the Board of Directors of PROS Holdings, Inc. (the “Company”) approved the 2008 Executive and Key Employees Incentive Plan (the “Bonus Plan”) .  The Company’s executive officers and select key employees will participate in the Bonus Plan which is intended to compensate participants for achieving company financial and operational goals.  The Company will make cash payments, to the extent earned, under the Bonus Plan in the first quarter following the completion of fiscal 2008.

 

The Bonus Plan sets target bonus amounts and performance criteria for participants.  The performance criteria, the criteria’s weighting and the general terms of the Bonus Plan are consistent with the Company’s 2007 Executive and Key Employee Incentive Plan described in the Compensation Discussion and Analysis section of the Company’s Registration Statement on Form S-1 (Registration No. 333-147398), declared effective by the Securities and Exchange Commission on December 5, 2007, except that the performance targets under the Bonus Plan are tied to the Company’s 2008 operating plan and the Compensation Committee set the amount of each executive officer’s potential bonus payment under the Bonus Plan, as a percentage of his base salary, as follows:

 

Executive officer

 

At target
threshold

 

At target

 

At target
maximum

Albert E. Winemiller

 

50%

 

100%

 

147%

Charles H. Murphy

 

40%

 

80%

 

117.6%

Ronald F. Woestemeyer

 

22.5%

 

45%

 

66.2%

 

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.

 

 

 

PROS HOLDINGS, INC.

 

 

 

 Date: March 25, 2008

 

 

 

 

 

 

 

/s/ Charles H. Murphy

 

 

Charles H. Murphy

 

 

Chief Financial Officer and Executive Vice President

 

3

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