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) December 15, 2010
Adolor Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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000-30039 |
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31-1429198 |
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(State or other jurisdiction |
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(Commission File Number) |
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(IRS Employer |
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of incorporation) |
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Identification No.) |
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700 Pennsylvania Drive, Exton, PA |
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19341 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (484) 595-1500
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 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
The information required by this Item 1.01 is incorporated by reference to the information contained in Item 5.02(e) below.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) 2011 Base Salaries: On December 15, 2010, following the approval of the Compensation Committee of the Board of Directors of Adolor Corporation (the “Company”), the independent members of the Board of Directors of the Company ratified the base salaries of the Company’s executive officers for 2011. Base salaries for Michael R. Dougherty, John M. Limongelli and Stephen W. Webster were increased by 2.5% over their respective 2010 base salaries and the base salary for George R. Maurer was increased by 8.4% over his 2010 base salary.
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2011 |
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Michael R. Dougherty |
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$ |
457,668 |
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John M. Limongelli |
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$ |
349,981 |
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George R. Maurer |
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$ |
285,000 |
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Stephen W. Webster |
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$ |
349,981 |
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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.
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ADOLOR CORPORATION | |
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By |
/s/ John M. Limongelli |
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Name: |
John M. Limongelli |
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Title: |
Sr. Vice President, General Counsel and Secretary |
Dated: December 21, 2010