-----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, CPze/cyAw0+vZEtEW1HOGDtT6SiciLeGMCzWLjjCuOkKbDwksqf6+mOGFI0wzpRR FabXqnm07Hec9q6saeZjQg== 0001104659-08-053567.txt : 20080818 0001104659-08-053567.hdr.sgml : 20080818 20080818122740 ACCESSION NUMBER: 0001104659-08-053567 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080814 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080818 DATE AS OF CHANGE: 20080818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVENTURE GROUP, INC. CENTRAL INDEX KEY: 0000944508 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 860786101 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14556 FILM NUMBER: 081024466 BUSINESS ADDRESS: STREET 1: 3500 S LA COMETA DR CITY: GOODYEAR STATE: AZ ZIP: 85338 BUSINESS PHONE: 6239326200 MAIL ADDRESS: STREET 1: 3500 S LA COMETA DR CITY: GOODYEAR STATE: AZ ZIP: 85338 FORMER COMPANY: FORMER CONFORMED NAME: POORE BROTHERS INC DATE OF NAME CHANGE: 19960926 8-K 1 a08-21782_18k.htm 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 14, 2008

 

The Inventure Group, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-14556

 

86-0786101

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

5050 N. 40th St., Suite 300, Phoenix, AZ

 

85018

(Address of principal executive offices)

 

(Zip Code)

 

 

 

 

 

Registrant’s telephone number, including area code (623) 932-6200

 

 

 

 

 

 

 

 

 

 

(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))

 

 

 


 

 

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

 

Executive Cash Bonus Plan

 

On February 12, 2008, the Compensation Committee of the Board of Directors of the Company approved a key employee cash bonus plan for the Company’s fiscal year ending December 27, 2008, in which the following named executive officers participate:

 

Terry McDaniel, President and Chief Executive Officer, is eligible to receive an annual bonus under the plan of up to $154,000 (40% of his base salary), two-thirds of which is based on the Company achieving the net income targets set forth in the plan and one-third of which is based on the achievement of individual goals.

 

Steve Weinberger, Chief Financial Officer, is eligible to receive an annual bonus under the plan of up to $92,750 (35% of his base salary), two-thirds of which is based on the Company achieving the net income targets set forth in the plan and one-third of which is based on the achievement of individual goals.

 

Steve Sklar, Senior Vice President of Marketing, is eligible to receive an annual bonus under the plan of up to $54,017 (25% of his base salary), two-thirds of which is based on the Company achieving the net income targets set forth in the plan and one-third of which is based on the achievement of individual goals.

 

Performance is measured and payments are made following the six-month period ending June 28, 2008, the three-month period ending September 27, 2008 and the three-month period ending December 27, 2008.

 

On July 21, 2008, the Board of Directors acknowledged that the goals for the six-month period ending June 28, 2008 had been achieved and approved performance bonuses of $34,650, $20,869 and $12,154 to Messrs. McDaniel, Weinberger and Sklar, respectively.  Payments of these amounts were made on August 14, 2008.

 

 

 

SIGNATURE

 

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.

 

 

The Inventure Group, Inc.

 

(Registrant)

 

 

Date

August 18, 2008

 

 

 

/s/ Steve Weinberger

 

(Signature)

 

 

 

Steve Weinberger

 

Chief Financial Officer

 

 

2

 

 -----END PRIVACY-ENHANCED MESSAGE-----