-----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, QGS2BuK7onR47G0DR4YpTAA0U4Q0mdNPreuVYvb9yA72A/To1JZnKN+CTUzX4SLw oeRF8RukI+my9ghZFqYVew== 0001171843-09-000769.txt : 20090731 0001171843-09-000769.hdr.sgml : 20090731 20090731173035 ACCESSION NUMBER: 0001171843-09-000769 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090630 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090731 DATE AS OF CHANGE: 20090731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHARPS COMPLIANCE CORP CENTRAL INDEX KEY: 0000898770 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 742657168 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34269 FILM NUMBER: 09978333 BUSINESS ADDRESS: STREET 1: 9350 KIRBY DRIVE STREET 2: STE 300 CITY: HOUSTON STATE: TX ZIP: 77054 BUSINESS PHONE: 713-432-0300 MAIL ADDRESS: STREET 1: 9350 KIRBY DRIVE STREET 2: STE 300 CITY: HOUSTON STATE: TX ZIP: 77054 FORMER COMPANY: FORMER CONFORMED NAME: US MEDICAL SYSTEMS INC DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: MEDICAL POLYMERS TECHNOLOGIES INC DATE OF NAME CHANGE: 19930916 8-K 1 f8k_073109.htm 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
 
July 31, 2009 (July 28, 2009)
Date of Report (Date of earliest event reported)
 
_________________________
 
(Exact name of Registrant as specified in its charter)
 
_________________________
 
Delaware
001-34269
74-2657168
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)

9220 Kirby Drive, Suite 500
Houston, Texas 77054
(Address of principal executive offices, including zip code)
 
(713) 432-0300
(Registrant’s telephone number, including area code)

 (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 (see General Instruction A.2 below):
 
¨
Written communication 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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Incentive Compensation Awards
 
On July 28, 2009, the Compensation Committee of the Board of Directors (the “Committee”) approved the following incentive compensation awards to Company officers under the Executive Incentive Compensation Plan (the “Plan”). The awards were related to Company financial performance and achievement of goals as well as individual performance for the fiscal year ending June 30, 2009:
 
Officer
Cash Bonus
Stock Options
Dr. Burton J. Kunik, CEO
$104,000
60,000
David P. Tusa, Executive V.P. and CFO
$100,000
60,000
Claude A. Dance, Sr. V.P., Sales and Marketing
$50,000
25,000
Al Aladwani, Sr. V.P. Operations
$25,000
20,000
 
The stock options were granted under the Company’s 1993 Stock Plan with an exercise price equal to the fair market value of the Company’s common stock at date of grant ($8.50 per share on July 28, 2009) and vest over a three (3) year period (33.3% at each July 28, 2010, 2011 and 2012).

The Plan was approved by the Committee on June 6, 2008, a copy of which was included as an Exhibit to Form 8-K dated June 9, 2008.

 
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
     
 
  
None

 
 
 
 
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.
 
         
   
SHARPS COMPLIANCE CORP.
a Delaware corporation
     
Dated: July 31, 2009
  
By:
  
 
/s/ David P. Tusa
       
David P. Tusa
       
Executive Vice President, Chief Financial Officer, Business Development and Corporate Secretary
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