-----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, ORO8Aau3AA00ekfyX9OasOpC7FAWxJhHefCJITCh3Q2jgD5yUd+oPGp11Wq37yWE y411VU0VliLh0kqtX1QYXA== 0000950133-05-003665.txt : 20050811 0000950133-05-003665.hdr.sgml : 20050811 20050811133827 ACCESSION NUMBER: 0000950133-05-003665 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050809 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050811 DATE AS OF CHANGE: 20050811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICROS SYSTEMS INC CENTRAL INDEX KEY: 0000320345 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 521101488 STATE OF INCORPORATION: MD FISCAL YEAR END: 0826 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09993 FILM NUMBER: 051016228 BUSINESS ADDRESS: STREET 1: 7031 COLUMBIA GATEWAY DRIVE CITY: COLUMBIA STATE: MD ZIP: 21046-2289 BUSINESS PHONE: 4432856000 MAIL ADDRESS: STREET 1: 7031 COLUMBIA GATEWAY DRIVE CITY: COLUMBIA STATE: MD ZIP: 21046-2289 8-K 1 w11843e8vk.htm MICROS SYSTEMS, INC. e8vk
 

 
 
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: August 9, 2005
(Date of earliest event reported)

     
MICROS SYSTEMS, INC
(Exact name of Registrant as specified in its charter)
 
         
MARYLAND   000-09993   52-1101488
(State of incorporation)   (Commission File Number)   (I.R.S. Employer
Identification Number)
 
     
7031 Columbia Gateway Drive, Columbia, Maryland 21046-2289
(Address of principal executive offices) (Zip code)
 
Registrant’s telephone number, including area code: 443-285-6000
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Section 1 — Registrant’s Business and Operations
     Item 1.01    Entry into a Material Definitive Agreement.
     On August 9, 2005, the Compensation Committee of the Board of Directors of MICROS Systems, Inc. (the “Registrant”) authorized and directed the Registrant to enter into the seventh amendment (the “Seventh Amendment”) to the employment agreement (the “Agreement”) between the Registrant and A.L. Giannopoulos, its Chairman, President, and CEO. The Seventh Amendment alters the compensation payable to Mr. Giannopoulos during MICROS’s 2006 fiscal year (ending June 30, 2006) and 2007 fiscal year (ending June 30, 2007). No other changes to the Agreement have been implemented. A copy of the Seventh Amendment is attached as an Exhibit.
Date: August 9, 2005
         
  MICROS Systems, Inc.
(Registrant)
 
 
  By:   /s/ Gary C. Kaufman    
    Gary C. Kaufman   
    Executive Vice-President, Finance and
Administration, and Chief Financial Officer 
 
 
Exhibit 10 – Seventh Amendment to Employment Agreement

 

EX-10 2 w11843exv10.htm EX-10 exv10
 

Exhibit 10
SEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT
     This Seventh Amendment to the Employment Agreement is effective the 9th day of August, 2005 (the “Seventh Amendment”), by and between MICROS SYSTEMS, INC., a Maryland corporation, with offices located at 7031 Columbia Gateway Drive, Columbia, Maryland 21046-2289 (hereinafter referred to as the “Company”), and A. L. GIANNOPOULOS, whose address is 7031 Columbia Gateway Drive, Columbia, Maryland 21046-2289 (hereinafter referred to as the “Executive”).
     WHEREAS, the Executive and the Company entered into an Employment Agreement dated June 1, 1995, as amended (the agreement as amended hereinafter referred to as the “Agreement”); and
     WHEREAS, the parties hereto would like to amend the Agreement pursuant to this Seventh Amendment in an effort to adjust the Executive’s base salary compensation to reflect the growth of the Company.
     NOW, THEREFORE, the Company and the Executive, for good and valuable consideration, and pursuant to the terms, conditions, and covenants contained herein, hereby agree as follows:
1. Section 4 of the Agreement is modified by replacing the existing corresponding rows in the Agreement with the following two replacement rows:
     
     Period   Salary
 
     July 1, 2005 through June 30, 2006   $1,100,000
     July 1, 2006 through June 30, 2007   $1,200,000
 
2. All other provisions of the Agreement shall remain in full force and effect.
     IN WITNESS WHEREOF, the parties have executed this Seventh Amendment as of the dates indicated below, the effective date of this Seventh Amendment being the 1st day of August, 2005.

 


 

         
ATTEST:
  COMPANY:
MICROS SYSTEMS, INC.
   
 
_______________________   By: ______________________
       Louis M. Brown, Jr.
       Vice Chairman
  (SEAL)
[Corporate Seal]        
    EXECUTIVE:    
WITNESS:        
_______________________   _______________________
A. L. GIANNOPOULOS
   

 

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