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): July 13, 2012 (July 9, 2012)
NETWORK ENGINES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
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000-30863 |
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04-3064173 |
(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of Incorporation) |
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Identification No.) |
25 Dan Road, Canton, MA |
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02021 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (781) 332-1000
(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.
On July 9, 2012, the Compensation Committee of the Board of Directors of Network Engines, Inc. (the Company) approved salary increases of 3% for the following executive officers of the Company, effective July 1, 2012. The executive officers below will receive the following annual compensation rates:
Name and Principal Position |
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Current Annual |
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New Annual |
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Charles N. Cone, III, Senior Vice President of Sales and Marketing |
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$ |
258,825 |
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$ |
266,590 |
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Richard P. Graber, Senior Vice President of Engineering and Operations |
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$ |
210,945 |
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$ |
217,273 |
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There were no changes to the incentive compensation targets previously approved by the Compensation Committee. No changes were made to current compensation levels for the Companys other executive officers.
Signature(s)
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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NETWORK ENGINES, INC. |
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Date: July 13, 2012 |
By: |
/s/ Douglas G. Bryant |
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Douglas G. Bryant |
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Chief Financial Officer, Treasurer and Secretary |