-----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, Jq1zouS5YQGi2bHet5G96gVRw95SLovPvaXlU5+smdEbO3R89vBtM9Sk9GGzrpx+ uhj9opUtpzqsOZgFz8Q52A== 0000730255-07-000007.txt : 20070514 0000730255-07-000007.hdr.sgml : 20070514 20070514162725 ACCESSION NUMBER: 0000730255-07-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070508 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070514 DATE AS OF CHANGE: 20070514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CalAmp Corp. CENTRAL INDEX KEY: 0000730255 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 953647070 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12182 FILM NUMBER: 07846774 BUSINESS ADDRESS: STREET 1: 1401 N. RICE AVENUE CITY: OXNARD STATE: CA ZIP: 93030 BUSINESS PHONE: 8059879000 MAIL ADDRESS: STREET 1: 1401 N. RICE AVENUE CITY: OXNARD STATE: CA ZIP: 93030 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA AMPLIFIER INC DATE OF NAME CHANGE: 19920703 8-K 1 form8k-incen.txt COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS 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): May 8, 2007 ____________________ Exact Name of Registrant as Specified in Its Charter: CalAmp Corp. ___________________________________ DELAWARE 0-12182 95-3647070 _____________________________ ____________ _____________ State or Other Jurisdiction of Commission I.R.S. Employer Incorporation or Organization File Number Identification No. Address of Principal Executive Offices: 1401 N. Rice Avenue Oxnard, CA 93030 _________________________ Registrant's Telephone Number, Including Area Code: (805) 987-9000 _________________________ Former Name or Former Address, if Changed Since Last Report: Not applicable _____________________________ 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 (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 425 under the Exchange Act (17 CFR 240.14.a-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 5.02 COMPENSATORY ARANGEMENTS OF CERTAIN OFFICERS On May 8, 2007, the Board of Directors of CalAmp Corp. (the "Company"), upon the recommendation of the Compensation Committee, established the target and maximum bonuses and performance goals under the fiscal 2008 executive officer incentive compensation plan. The individuals covered by the fiscal 2008 executive officer incentive compensation plan are: * Fred Sturm President and Chief Executive Officer * Michael Burdiek President, Wireless DataCom Division (1) (formerly Executive Vice President - Wireless Datacom Strategy and Integration) * Patrick Hutchins President, Satellite Division (1) (formerly President, Products Division) * Garo Sarkissian Vice President Corporate Development * Richard Vitelle Vice President Finance, Chief Financial Officer and Corporate Secretary Mr. Sturm is eligible for target and maximum bonuses of up to 80% and 150%, respectively, of his annual salary. Messrs. Burdiek, Hutchins and Vitelle are each eligible for target bonuses of up to 50% of annual salary, and maximum bonuses of up to 120% of annual salary. Mr. Sarkissian is eligible for target and maximum bonuses of up to 40% and 80%, respectively, of his annual salary. The target and maximum bonus amounts for Messrs. Sturm and Vitelle are based 70% on the Company attaining certain levels of consolidated revenue and consolidated operating income for fiscal 2008 and 30% on these individuals achieving certain other business goals. The target and maximum bonus amounts for Mr. Hutchins are based 50% on the Satellite Division attaining certain levels of revenue and operating income for fiscal 2008, 30% on the Company attaining certain levels of consolidated revenue and consolidated operating income for fiscal 2008, and 20% on Mr. Hutchins achieving certain other business goals. The target and maximum bonus amounts for Mr. Burdiek are based 60% on the Wireless DataCom Division attaining certain levels of revenue and operating income for fiscal 2008, 20% on the Company attaining certain levels of consolidated revenue and consolidated operating income for fiscal 2008, and 20% on Mr. Burdiek achieving certain other business goals. The target and maximum bonus amounts for Mr. Sarkissian are based 60% on the Company attaining certain levels of consolidated revenue and consolidated operating income for fiscal 2008 and 40% on Mr. Sarkissian achieving certain other business goals. (1) Effective in March 2007, at the beginning of CalAmp Corp.'s fiscal 2008, the Products Division was segregated into two new reporting segments, the Satellite Division and the Wireless DataCom Division. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be filed on its behalf by the undersigned hereunto duly authorized. CALAMP CORP. May 14, 2007 By: /s/ Richard K. Vitelle _________________ _________________________ Date Richard K. Vitelle, Vice President-Finance (Principal Financial Officer) -----END PRIVACY-ENHANCED MESSAGE-----