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): January 31, 2007
Blonder Tongue Laboratories, Inc.
(Exact Name of registrant as specified in its charter)
Delaware 1-14120 52-1611421
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
One Jake Brown Road, Old Bridge, New Jersey 08857
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 679-4000
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:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] 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.
Criteria under Bonus Plan
On January 31, 2007, the Compensation Committee of the Board of Directors
of Blonder Tongue (the "Company") determined that the following executive
officers will be participants in the Blonder Tongue Executive Officer Bonus Plan
for the fiscal year ending December 31, 2007 ("Bonus Year"): Peter Daly, Alan
Horvath, James A. Luksch, Kant Mistry, Emily Nikoo, Robert J. Palle, Jr., Eric
Skolnik, and Norman Westcott.
These participants will be entitled to share in a Bonus Pool based upon a
subjectively determined allocation, which has not yet been finalized by the
Compensation Committee. The Bonus Pool will be equal to the sum of (i) forty
percent (40%) of the first $1,000,000 (or portion thereof) of the Company's
pre-tax income, plus (ii) twenty percent (20%) of the Company's pre-tax income,
in excess of $1,000,000, but less than or equal to $2,000,000, plus (iii) ten
percent (10%) of the Company's pre-tax income, in excess of $2,000,000, all as
set forth on the Company's audited financial statements for the Bonus Year (in
all cases calculated before taking into account any accrual for such Bonus
Pool); provided, however, that in no event will the Bonus Pool exceed the sum of
the Base Salary (as defined below) of all participants, in the aggregate. The
maximum bonus that may be paid to any participant, regardless of the size of the
Bonus Pool, is 100% of the participant's base salary as of January 1 in any
Bonus Year ("Base Salary"). Also, no bonus will be paid to any participant
unless the Bonus Pool equals or exceeds $90,000.
ITEM 7.01. REGULATION FD DISCLOSURE.
On February 6, 2007, the Company issued a press release announcing the
promotion of certain officers The press release is attached hereto as Exhibit
99.1 and is incorporated into this Item 7.01 by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit Number Description
Exhibit 99.1 Press Release dated February 6, 2007.
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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.
BLONDER TONGUE LABORATORIES, INC.
By: /s/ Eric Skolnik
Eric Skolnik
Senior Vice President and
Chief Financial Officer
Date: February 6, 2007
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EXHIBIT INDEX
Exhibit Number Description
Exhibit 99.1 Press Release dated February 6, 2007.
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