-----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, IAG6XyQuUs2X4SnItkygWVYflcZIBQpZEW5n/qXfnUyGGQHTrXwZTcFW+2sK9ebU 0EyptrPu0VT5moXZUqg90g== 0000950123-09-037546.txt : 20090824 0000950123-09-037546.hdr.sgml : 20090824 20090824164803 ACCESSION NUMBER: 0000950123-09-037546 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090818 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20090824 DATE AS OF CHANGE: 20090824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LSI INDUSTRIES INC CENTRAL INDEX KEY: 0000763532 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 310888951 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13375 FILM NUMBER: 091031607 BUSINESS ADDRESS: STREET 1: 10000 ALLIANCE RD STREET 2: P O BOX 42728 CITY: CINCINNATI STATE: OH ZIP: 45242 BUSINESS PHONE: 5135796411 MAIL ADDRESS: STREET 1: 10000 ALLIANCE RD STREET 2: P O BOX 42728 CITY: CINCINNATI STATE: OH ZIP: 45242 FORMER COMPANY: FORMER CONFORMED NAME: LSI LIGHTING SYSTEMS INC DATE OF NAME CHANGE: 19891121 8-K 1 c89676e8vk.htm FORM 8-K Form 8-K
 
 

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): August 18, 2009

LSI INDUSTRIES INC.
 (Exact name of registrant as specified in its charter)
         
Ohio   0-13375   31-0888951
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
10000 Alliance Road, Cincinnati, Ohio
   45242
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (513) 793-3200
 
 
(Former name or former 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 (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))

 
 

 

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Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(f)   The Compensation Committee of the Board of Directors of LSI

Industries Inc. took the following actions relating to executive compensation:

Fiscal 2009 Executive Compensation Matters

The Compensation Committee determined on August 18, 2009 there would be no cash bonuses for fiscal 2009 to the Company’s executive officers under the Company’s discretionary Annual Incentive Compensation Plan.

    Fiscal 2010 Executive Compensation Matters

  A.   The Compensation Committee, on August 18, 2009, increased the annual base salaries of the Company’s executive officers by approximately 2 1/2%. The annual base salary approved by the Compensation Committee for the Company’s named executive officers is set forth in the table below. The Compensation Committee, on August 21, 2009, also granted the stock options, effective August 21, 2009, to the executives listed in the table below.

Executive Compensation Table

                         
            Fiscal 2010        
            Base Salary     Stock Options  
    Fiscal 2009     (effective     (Grant Date  
Name   Cash Bonus     8/31/09)     8/21/09)  
 
                        
Robert J. Ready
   $ —     $ 645,750       65,000  
President and Chief Executive Officer
                        
 
                        
James P. Sferra
   $ —     $ 512,500       60,000  
Secretary, and Executive Vice President, Manufacturing
                        
 
                        
Ronald S. Stowell
   $ —     $ 283,100       45,000  
Vice President, Chief Financial Officer & Treasurer
                        
 
                        
Scott D. Ready
   $ —     $ 266,500       45,000  
President, LSI Lighting Solutions Plus
                        
 
                        
David W. McCauley
   $ —     $ 248,000       30,000  
President, LSI Graphics Solutions Plus, and President, Grady McCauley Inc.
                        

  B.   The Compensation Committee took additional action on August 18, 2009 by amending the LSI Industries Inc. Retirement Plan to reduce the amount of the annual employer contribution from four percent to two percent of the covered amount of compensation for the fiscal year beginning July 1, 2009. This reduction in the Company contribution amount effectively offsets the majority of the salary increases disclosed above.

  C.   The Compensation Committee, on August 21, 2009, approved stock option grants to the Company’s non-employee directors effective August 21, 2009, as indicated in the table below.

Director Stock Option Grant
         
    Stock Options  
    (Grant Date  
Name   8/21/09)  
Gary P. Kreider
     3,500  
Dennis B. Meyer
     3,500  
Wilfred T. O’Gara
     3,500  
Mark A. Serrianne
     3,500  

 

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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.

LSI INDUSTRIES INC.

BY: /s/ Ronald S. Stowell
Ronald S. Stowell
Vice President, Chief Financial
Officer and Treasurer
(Principal Accounting Officer)

August 24, 2009

 

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