8-K 1 form8-k.htm 8-K 5-31-06 8-K 5-31-06



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 31, 2006 (May 25, 2006)

 

 
 
Analysts International Corporation
 
(Exact name of registrant as specified in its charter)
 
 
Minnesota
0-4090
41-0905408
(State or other jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification Number)
 
 
3601 West 76th Street, Minneapolis, Minnesota
55435-3000
(Address for principal executive offices)
(Zip Code)
 
 
Registrant’s telephone number, including area code: (952) 835-5900
 



Check the appropriate box below if the Form 8-K 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-14(c) under the Exchange Act (17 CFR 240.13e-4(c))










Item 1.01 Amendment to Material Definitive Agreement

On May 25, 2006, the Compensation Committee of the Board of Directors of Analysts International Corporation (the “Company”), approved payments of $9,500, $2,625 and $2,625 to Jeffrey P. Baker, President and CEO, David J. Steichen, Chief Financial Officer, and Colleen M. Davenport, Secretary and General Counsel, respectively, for salary reductions incurred during the fourth quarter of fiscal year 2005 as part of the Company’s reduction plan. Approval of the payments resulted from achievement of goals set forth in the cost reduction plan. As previously disclosed, the Company’s Board of Directors approved restoration of Messrs. Baker’s and Steichen’s and Ms. Davenport’s salaries to previous levels in January 2006.
 
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.



Date:
May 31, 2006
ANALYSTS INTERNATIONAL CORPORATION
     
     
   
/s/ Colleen M. Davenport                
   
Colleen M. Davenport
   
Secretary and General Counsel