-----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, BhHWzuMqYX5oDC098LckwSJ078awMw5xBxNoiWQUkPBNLQ2fhhf/Y/QKCGrBnrGl s88WQ+HEJeN1XGIASlQNqg== 0001043039-10-000068.txt : 20100915 0001043039-10-000068.hdr.sgml : 20100915 20100915172048 ACCESSION NUMBER: 0001043039-10-000068 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100915 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20100915 DATE AS OF CHANGE: 20100915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERLEY INDUSTRIES INC /NEW CENTRAL INDEX KEY: 0000047035 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 232413500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05411 FILM NUMBER: 101074494 BUSINESS ADDRESS: STREET 1: 3061 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603-4092 BUSINESS PHONE: 7173972777 MAIL ADDRESS: STREET 1: 3061 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603-4092 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY MICROWAVE SYSTEMS INC DATE OF NAME CHANGE: 19900510 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY INDUSTRIES INC DATE OF NAME CHANGE: 19831103 8-K 1 h8k.htm 8-K h8k.htm

 
 

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):
September 14, 2010
(September 10, 2010)
     

HERLEY INDUSTRIES, INC.
(Exact name of Registrant as specified in its Charter)
 
Commission File No. 0-5411
 
Delaware
23-2413500
(State or other jurisdiction of incorporation)
(IRS Employer Identification Number)
3061 Industry Drive
Lancaster, PA
17603
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code: 717-397-2777
 
Former name or former address, if changed since last Report: N/A
 
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:
 

[ ]
Written communications pursuant to Rule 425 under the Securities Act
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ]
Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act

 
 
 
 
 

Item 5.02:                      Departure of Directors or Certain Officers; Election of Directors;Appointment of Certain Officers; Compensatory Arrangements of CertainOfficers.
 
(e)           On September 10, 2010, the Compensation Committee (the “Committee”) of the Board of Directors of Herley Industries, Inc. (the “Company”) approved a twelve percent (12%) increase in the base salary of Richard F. Poirier, the Company’s President and Chief Executive Officer, for fiscal year 2011.  With the twelve percent (12%) increase, Mr. Poirier will receive $450,000 in base salary for fiscal year 2011, compared to $400,000 in base salary for fiscal year 2010.  In addition, the Committee approved (i) the payment of a bonus to Mr. Poirier in the amount of $300,000 (with $150,000 already awarded and paid), and (ii) the payment of a bonus to Anello C. Garefino, the Company’s Chief Financial Officer, in the amount of $80,000, both for fiscal year 2010.  The bonuses were determined and paid in accordance with the Company’s standard practices.  Such actions were unanimously recommended and approved by the Committee.  In making its determinations, the Compensation Committee sought the advice and guidance of an independent compensation consultant and outside counsel.
 

 
 
 
 
 


 
 SIGNATURE
 
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.
 

Date: September 15, 2010
HERLEY INDUSTRIES, INC.
By: _/s/Anello C. Garefino____________
Anello C. Garefino
Chief Financial Officer
 
 
   

 
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