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): January 2, 2008
SRS LABS, INC.
(Exact Name of registrant as specified in its charter)
Delaware |
| 0-21123 |
| 33-0714264 |
(State or other jurisdiction of |
| (Commission File Number) |
| (IRS Employer |
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2909 Daimler Street |
| 92705 | ||
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (949) 442-1070
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.
(e) Compensatory Arrangements of Certain Officers.
On January 2, 2008, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of SRS Labs, Inc. (the “Company”) ratified and approved the 2008 annual base salaries of certain of the Company’s executive officers as more fully described below.
2008 Annual Base Salaries
The Compensation Committee ratified and approved the fiscal year 2008 annual base salaries for certain of the Company’s executive officers. The fiscal year 2008 annual base salaries were made effective on the dates specified below as follows:
Executive Officer |
| Title |
| New Base Compensation |
| Effective Date | |
Alan Kraemer |
| Executive Vice President, |
| $ | 298,668 |
| 1/1/08 |
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| Chief Technology Officer |
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Ulrich Gottschling |
| Chief Financial Officer, Treasurer |
| $ | 240,750 |
| 1/1/08 |
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| And Secretary |
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Sarah Yang |
| Vice President, Software |
| $ | 243,639 |
| 1/1/08 |
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| Engineering |
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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.
| SRS LABS, INC., | ||
| a Delaware corporation | ||
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Date: January 7, 2008 | By: | /S/ Thomas C.K. Yuen |
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| Thomas C.K. Yuen |
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| Chairman and Chief Executive Officer |
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