-----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, De7v/Bi3dVnJ6trzfYrT3PyQptXDrJ2wVak0XIkwSlFuQ1A6a5cp6sWVjzUxjN2P HxaKKjOCEMu+UaCiSLZVbw== 0000914260-09-000099.txt : 20090320 0000914260-09-000099.hdr.sgml : 20090320 20090320153828 ACCESSION NUMBER: 0000914260-09-000099 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090316 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20090320 DATE AS OF CHANGE: 20090320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASTRO MED INC /NEW/ CENTRAL INDEX KEY: 0000008146 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 050318215 STATE OF INCORPORATION: RI FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13200 FILM NUMBER: 09696203 BUSINESS ADDRESS: STREET 1: 600 E GREENWICH AVE CITY: WEST WARWICK STATE: RI ZIP: 02893 BUSINESS PHONE: 4018284000 MAIL ADDRESS: STREET 1: 600 E GREENWICH AVENUE CITY: WEST WARWICK STATE: RI ZIP: 02893 FORMER COMPANY: FORMER CONFORMED NAME: ATLAN TOL INDUSTRIES INC DATE OF NAME CHANGE: 19850220 8-K 1 form8kastromed316.htm FORM 8-K form8kastromed316.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)
 
March 16, 2009
 
______________
 
 
ASTRO-MED, INC
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
______________
 
 
COMMISSION FILE NUMBER                                                                0-13200
 

RHODE ISLAND
05-0318215
(STATE  OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
(IRS EMPLOYER IDENTIFICATION NUMBER)
 
600 EAST GREENWICH AVENUE, WEST WARWICK, RI 02893
 
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
 
(401-828-4000)
 
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)

 





 
ITEM 5.02.  COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
 
 
On March 16, 2009, the Compensation Committee (the “Committee”) of the Board of Directors of Astro-Med, Inc. (the “Company”) approved a new Management Bonus Plan for Vice President – International Branches (the “Plan”) applicable to Michael Morawetz.  Under the Plan, Mr. Morawetz is entitled to receive incentive compensation on an annual basis equal to a percentage of the earned bonus pool of each of the Company’s international branches located in Canada, the United Kingdom, France and Germany.
 
 
The incentive compensation payable under the Plan is calculated at rate of 20% of the earned bonus pool (local Currency) of each of the international branches of the Company.  The resulting value from this calculation is converted into US dollars at the appropriate exchange rate, which US dollar values are aggregated to obtain a total amount of incentive compensation earned by the Vice President – International Branches.  This aggregate amount is in turn converted into the local currency of the Vice President – International Branches at the appropriate exchange rate to determine the amount payable under the Plan.
 
 
For fiscal year 2009, the bonus rate will be 10%; however, for fiscal year 2010 and beyond, the bonus rate will be 20%.  No bonus is permitted to be paid in excess of 60% of Mr. Morawetz’s annual rate of basic compensation.  Furthermore, no bonus will be paid unless the consolidated sales value of all the Company’s international branches meets the minimum threshold of sales value for each of the Company’s international branches as established annually by the Compensation Committee.
 
 
Any bonus earned will be paid on an annual basis following the issuance of the Company’s audited financial statements.  Any bonuses earned will be paid only after review and written approval of the Company’s CEO and the Committee.
 

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

DATE: March 20, 2009                                                                                                 ASTRO-MED, INC.



                By:  /s/ Joseph P. O’Connell
                Joseph P. O’Connell
                Senior Vice President, Treasurer and Chief Financial Officer

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