- Current report filing (8-K)
13 January 2010 - 8:08AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
January
8, 2010
Date of
Report (date of earliest event reported)
SENORX,
INC.
(Exact
name of Registrant as specified in its charter)
Delaware
|
001-33382
|
33-0787406
|
(State
or other jurisdiction of
|
(Commission
File Number)
|
(I.R.S.
Employer
|
incorporation
or organization)
|
|
Identification
Number)
|
3
Morgan, Irvine, California 92618
(Address
of principal executive offices)
(949)
362-4800
(Registrant’s
telephone number, including area code)
N/A
(
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):
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
Compensation
At a
meeting of the Compensation Committee of our Board of Directors held on January
8, 2010, increases to the base salary of our Executive Officers were approved.
The chart below summarizes the increases.
Name
|
Position
|
Salary
(1)
|
Lloyd
H. Malchow
|
Chief
Executive Officer and Chairman of the Board
|
$375,264
|
John
T. Buhler
|
President
and Chief Operating Officer
|
$296,815
|
Kevin
J. Cousins
|
Vice
President, Finance and Chief Financial Officer
|
$249,712
|
Paul
Lubock
|
Senior
Vice President and Chief Technical Officer
|
$261,202
|
William
F. Gearhart
|
Vice
President, Global Marketing and Corporate Development
|
$252,847
|
(1)
All salary amounts are retroactive to January 1, 2010 and are based on
percentage increases over 2009 base salaries, ranging from 2.35% to
10%.
The
primary goal of our compensation program is to help us attract and retain
talented, qualified employees. Executive compensation is comprised of (i) a
cash-based salary component, which we have just adjusted pursuant to our normal
annual review by our Compensation Committee based on the individual performance
of the executive, (ii) annual cash incentive bonus payments upon achievement of
corporate objectives, which we plan to set for 2010 at the next meeting of the
Compensation Committee of our Board of Directors and (iii) an equity component
providing long-term compensation based on company performance. The long-term
component of executive compensation is designed to align management’s incentives
with the generation of long-term stockholder value. Additionally, our
compensation programs are designed to be competitive with other companies in our
industry.
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.
|
SENORX, INC.
|
|
|
|
|
|
Date: January
12, 2010
|
By:
|
/s/ Kevin J. Cousins
|
|
|
|
Kevin
J. Cousins
|
|
|
|
Chief
Financial Officer,
Vice President,
Finance
|
|
|
|
|
|
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