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): November 22, 2005
BOLT TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
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| Connecticut | | 0-10723 | | 06-0773922 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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| Four Duke Place, Norwalk, Connecticut | | 06854 |
| (Address of principal executive office) | | (Zip Code) |
Registrant’s telephone number, including area code (203) 853-0700
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 (see General Instruction A.2. below):
| ¨ | Written communication 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)) |
Section 1—Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On November 22, 2005, the Executive Compensation Committee of the Board of Directors of Bolt Technology Corporation approved discretionary bonus awards to the President and Chief Executive Officer and each of the other named executive officers (as defined in Item 402 of Regulation S-K). Mr. Soto, President and Chief Executive Officer, was awarded a discretionary bonus of $45,000, Mr. Espeso, Senior Vice President-Finance and Chief Financial Officer, was awarded a discretionary bonus of $11,000, and Mr. Mayerick, Senior Vice President-Marketing and Secretary, was awarded a discretionary bonus of $13,000.
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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.
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| BOLT TECHNOLOGY CORPORATION |
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| By: | | /s/ Joseph Espeso
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| | | Joseph Espeso |
| | | Senior Vice President – Finance and |
| | | Chief Financial Officer |
Dated: November 23, 2005
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