Tier Technologies Inc - Current report filing (8-K)
03 October 2008 - 2:34AM
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
Date of
Report (Date of earliest event reported):
October 1,
2008
TIER
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or Other Jurisdiction of
Incorporation)
|
000-23195
(Commission
File
Number)
|
94-3145844
(IRS
Employer Identification No.)
|
10780
Parkridge Blvd., 4
th
Floor
Reston,
Virginia
(Address
of Principal Executive Offices)
|
|
20191
(Zip
Code)
|
Registrant's
telephone number, including area code:
571-382-1000
|
Not
Applicable
------------------------------------------------------------------------------------------------------------------------
(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 obligation of the registrant under any of the following provisions
(
see
General
Instruction A.2. below):
o
|
Written
communication 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 CRF
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
communication 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
On
October 1, 2008, the registrant named David A. Poe as a member of its Board of
Directors. Since March 1980, Mr. Poe has served as a consultant and
director of Edgar, Dunn & Company, or EDC, an independent global financial
services and payments consultancy. From March 1998 to May 2008, Mr.
Poe served as Chief Executive Officer of EDC. The registrant
occasionally engages EDC to provide payments consultancy services. In
the fiscal year ended September 30, 2008, the registrant paid EDC $185,000
for such services. Mr. Poe holds an equity interest of less than ten
percent in EDC.
Mr.
Poe will participate in the registrant's standard compensation program for
independent directors. Pursuant to this program, in connection with
his appointment to the board, the registrant granted Mr. Poe an option to
purchase 6,668 shares of its common stock at an exercise price equal to the fair
market value of the common stock on September 30, 2008.
Item
9.01. Financial Statements and
Exhibits
.
(d) Exhibits
See the exhibit index attached
hereto.
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.
|
TIER
TECHNOLOGIES, INC.
|
|
|
|
By:
|
/s/
Ronald W. Johnston
|
|
Name:
|
Ronald
W. Johnston
|
|
Title:
|
Chief
Financial Officer
|
Date:
October 2, 2008
|
|
|
99.1
|
Press
release titled "Tier Announces New Board Member" issued by the Company on
October 2, 2008.
|
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