-----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, VD6ywNnRg/paSp91LpM2VRrazoRczlfPOQi4OOzCXNO+zAyUgi1EV5Y4A9PBrxuK 2KUNWbTvsqw8MZsFyWqOWA== 0001193125-04-204643.txt : 20041129 0001193125-04-204643.hdr.sgml : 20041129 20041129170216 ACCESSION NUMBER: 0001193125-04-204643 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041129 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEVCON INTERNATIONAL CORP CENTRAL INDEX KEY: 0000028452 STANDARD INDUSTRIAL CLASSIFICATION: CONCRETE GYPSUM PLASTER PRODUCTS [3270] IRS NUMBER: 590671992 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07152 FILM NUMBER: 041172330 BUSINESS ADDRESS: STREET 1: 1350 E NEWPORT CENTER DR STREET 2: SUITE 201 CITY: DEERFIELD BEACH STATE: FL ZIP: 33443 BUSINESS PHONE: 3054291500 MAIL ADDRESS: STREET 1: 1350 E NEWPORT CENTER DR STREET 2: SUITE 201 CITY: DEERFIELD BEACH STATE: FL ZIP: 33442 8-K 1 d8k.htm 11/29/2004 11/29/2004

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) November 29, 2004

 

 

DEVCON INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Florida

(State or other jurisdiction of incorporation)

 

000-07152   59-0671992
(Commission File Number)   (IRS Employer Identification No.)

 

1350 East Newport Center Drive, Suite 201

Deerfield Beach, Florida 33442

(Address of principal executive offices, including Zip Code)

 

Registrant’s telephone number, including area code (954) 429-1500

 

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box 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.):

 

¨ 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 1.01. Entry into a Material Definitive Agreement

 

On November 8, 2004, the Company’s Board of Directors approved the following revision to the compensation for the Company’s outside directors to take effect from November 8, 2004 onward: (a) an annual grant of 500 shares of the Company’s common stock; (b) attendance fees of $500.00 per in-person meeting and $250.00 per telephonic meeting attended.

 

In addition to the foregoing, the Company’s directors currently receive (a) annual compensation of $9,000; (b) an annual fee for the Chairman of the Audit Committee of $2,500; (c) an annual fee for each member of the Audit Committee of $5,000; (d) an annual fee for the Chairman of the Compensation Committee of $2,000; (e) an annual fee for each member of the Compensation Committee of $1,000; (f) an annual fee for the Chairman of the Nominating Committee of $2,000; (g) an annual fee for each member of the Nominating Committee of $1,000; (h) a one-time stock option to purchase 8,000 of the Company’s common stock granted upon becoming a director to outside directors only; (i) a stock option to purchase 1,000 shares of the Company’s common stock granted each subsequent year after the initial grant to outside directors only; and (j) annual compensation of $35,000 paid to the Chairman of the Board.

 

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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.

 

    DEVCON INTERNATIONAL CORP.

Dated: November 29, 2004

  

By:

  

/s/ Jan Norelid

   

Name:

  

Jan Norelid

   

Title:

  

VP Finance and Chief Financial Officer

 

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