-----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, K9aupjUoDDHY+teglpKME+FvVqGuD7i0VwKaDKev9I0m5oK7X2fxUYyuPSA5XEWS mhVGot4BMU+cnM5WMLElKw== 0000950134-06-005281.txt : 20060316 0000950134-06-005281.hdr.sgml : 20060316 20060316135209 ACCESSION NUMBER: 0000950134-06-005281 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060311 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060316 DATE AS OF CHANGE: 20060316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PMC COMMERCIAL TRUST /TX CENTRAL INDEX KEY: 0000908311 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 756446078 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13610 FILM NUMBER: 06691102 BUSINESS ADDRESS: STREET 1: 17950 PRESTON RD STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75252 BUSINESS PHONE: 972-349-3200 MAIL ADDRESS: STREET 1: 17950 PRESTON RD STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75252 8-K 1 d34139e8vk.htm FORM 8-K e8vk
 

 
 
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 11, 2006
Commission File Number 1-13610
PMC COMMERCIAL TRUST
(Exact name of registrant as specified in its charter)
     
TEXAS   75-6446078
     
(State or other jurisdiction   (I.R.S. Employer Identification No.)
of incorporation or organization)    
     
17950 Preston Road, Suite 600, Dallas, TX 75252   (972) 349-3200
     
(Address of principal executive offices)   (Registrant’s telephone number)
Former name, former address and former fiscal year, if changed since last report: NONE
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))
 
 

 

 

Item 1.01      Entry into a Material Definitive Agreement
     On March 11, 2006, our Board of Trust Managers approved changes to the compensation to be paid to the non-employee trust managers. Effective on a retroactive basis to January 1, 2006, (1) the non-employee trust managers will be paid an annual retainer of $20,000, paid quarterly, $1,500 for a quarterly meeting and $1,000 for other meetings, (2) members of the Audit Committee will receive a $4,500 retainer paid quarterly, $1,000 for a quarterly meeting and $750 for other meetings, (3) members of the Compensation Committee and Nominating Committees will be paid $750 per meeting, (4) the chairperson of the Audit, Nominating and Compensation Committees will be paid annual retainers of $5,000, $3,000 and $3,000, respectively, and (5) if any special committee is formed, each member will receive $2,500 per meeting and the chairperson will receive an annual retainer of $3,000.

 

 

SIGNATURE
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 16, 2006
             
 
           
    PMC COMMERCIAL TRUST    
 
            
 
  By:   /s/ Barry N. Berlin    
 
           
 
      Barry N. Berlin, Chief Financial Officer    

 

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