Delaware | 04-2958132 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
Information to be included in the report
Base Salary
On March 7, 2006, the annual base salary of the following Named Executive Officers was increased, effective as of January 1, 2006:
Additionally, on March 6, 2006, the annual base salary of other executive officers was increased, effective as of January 1, 2006.
Awards Under the 2005 Equity Incentive Plan
On March 7, 2006, the Compensation Committee granted under the Company's 2005 Equity Incentive Plan (the "2005 Plan") the following restricted stock unit awards to acquire the number of shares of the Company's common stock listed below. These restricted stock unit awards vest as to 25% of the total number of shares subject to the award on each of the first, second, third and fourth annual anniversary of the grant date:
On March 7, 2006, the Compensation Committee also granted under the Company's 2005 Plan the following restricted stock unit awards to acquire the number of shares of the Company's common stock listed below. These restricted stock unit awards vest as to 100% on March 7, 2008:
The foregoing summary regarding awards under the 2005 Equity Incentive Plan is not intended to be complete, and is qualified in its entirety by reference to the form of restricted stock unit grant notice which is Exhibit 10.2 to this Report and incorporated herein by reference.
10.2 Form of Restricted Stock Unit Grant Notice (Basic) Under the GSI Commerce, Inc. 2005 Equity Incentive Plan (incorporated herein by reference and filed as Exhibit 10.34 to GSI Commerce, Inc.'s Annual Report on Form 10-K filed on March 15, 2006)
GSI COMMERCE, INC. | ||||||||
Date: March 20, 2006 | By: | /s/ Michael G. Rubin | ||||||
Michael G. Rubin | ||||||||
Chairman and Chief Executive Officer | ||||||||