-----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, PMrq9ZznBwAe6OLcuL1T4ZDadUXWmwpYP7O+ercmRxyGSL7pjkHDI6YtPjajIDvH DBycldNGreBqde8GNPxRTw== 0001104659-07-088245.txt : 20071211 0001104659-07-088245.hdr.sgml : 20071211 20071211164755 ACCESSION NUMBER: 0001104659-07-088245 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071205 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events FILED AS OF DATE: 20071211 DATE AS OF CHANGE: 20071211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XETA TECHNOLOGIES INC CENTRAL INDEX KEY: 0000742550 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 731130045 STATE OF INCORPORATION: OK FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16231 FILM NUMBER: 071299474 BUSINESS ADDRESS: STREET 1: 1814 WEST TACOMA CITY: BROKEN ARROW STATE: OK ZIP: 74012 BUSINESS PHONE: 9186648200 MAIL ADDRESS: STREET 1: 1814 WEST TACOMA CITY: BROKEN ARROW STATE: OK ZIP: 74012 FORMER COMPANY: FORMER CONFORMED NAME: XETA CORP DATE OF NAME CHANGE: 19920703 8-K 1 a07-31198_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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 and Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  December 5, 2007

 

XETA Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Oklahoma

 

0-16231

 

73-1130045

(State or other jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1814 West Tacoma, Broken Arrow, Oklahoma

 

74012

 

(Address of principal executive offices)

 

(Zip Code)

 

 

Registrant’s telephone number, including area code:               918-664-8200

 

 

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

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

o Pre-commencement 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 Certain Officers.

 

(e)  On December 5, 2007, the Company’s Compensation Committee approved the following items of compensation with regard to the Company’s Chief Executive Officer and Chief Financial Officer: (i) a cash bonus for fiscal 2007 performance; (ii) base salary increase commencing on December 10, 2007; and (iii) stock options under the Company’s 2004 Omnibus Stock Incentive Plan (the “Plan”), as follows:

 

Name &
Title

 

2007 Bonus

 

Base Salary
(effective 12/10/07)

 

Stock Option
# of Shares

 

Greg Forrest, CEO

 

$50,000

 

$203,000

 

20,000

 

Robert Wagner, CFO

 

$50,000

 

$145,000

 

10,000

 

 

Each of the options vest on December 5, 2010 and have a term of six (6) years from the date of grant.  The exercise price is $4.14 per share, the fair market value of the Company’s stock on the date of grant.

 

Item 8.01   Other Events.

 

On December 7, 2007 the Company’s Board of Directors, upon recommendation of the Compensation Committee, designated the following members of the Company’s management team as officers for purposes of Section 16 of the Securities Act of 1934, as amended:  Tom Luce, Executive Director of Managed Services; Don Reigel, Executive Director of Avaya Sales; and Scott Davis, Executive Director of Nortel Sales.

 

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.

 

 

XETA Technologies, Inc.

 

 

 

 

 

 

(Registrant)

 

 

 

 

 

Dated:   December 11, 2007

By

/s/ Robert B. Wagner

 

 

 

Robert B. Wagner, Chief Financial Officer

 

 

 

 

 

 

2

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