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) February 12, 2008
Cephalon, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware |
| 0-19119 |
| 23-2484489 |
(State or Other Jurisdiction |
| (Commission |
| (IRS Employer |
of Incorporation) |
| File Number) |
| Identification No.) |
|
|
|
|
|
41 Moores Rd. |
|
| ||
Frazer, Pennsylvania |
| 19355 | ||
(Address of Principal Executive Offices) |
| (Zip Code) | ||
Registrant’s telephone number, including area code (610) 344-0200
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 Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 30, 2008, the Compensation Committee of the Board of Directors (the “Board”) of Cephalon, Inc. (the “Registrant) determined the recommended annual cash bonus awards to be made to executive officers of the Registrant for fiscal year 2007 as determined pursuant to the Registrant’s MICP for 2007. These award recommendations were presented to and approved by the independent members of the full Board on January 31, 2008. The awards were approved subject to the finalization of the Registrant’s financial results for the year ended December 31, 2007, which were released on February 12, 2008.
The awards earned in 2007, which will be paid in late February 2008, are as follows:
Name: |
| Cash Bonus |
| |
Frank Baldino, Jr., Ph.D. |
| $ | 2,213,900 |
|
Valli F. Baldassano |
| $ | 63,800 |
|
J. Kevin Buchi |
| $ | 356,500 |
|
Peter E. Grebow, Ph.D. |
| $ | 330,200 |
|
John E. Osborn |
| $ | 234,700 |
|
Robert P. Roche, Jr. |
| $ | 139,100 |
|
Lesley Russell, MB.Ch.B., MRCP. |
| $ | 285,000 |
|
Carl A. Savini |
| $ | 267,100 |
|
Jeffry L. Vaught, Ph.D. |
| $ | 337,300 |
|
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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.
| CEPHALON, INC. | |
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Date: February 15, 2008 | By: | /s/ J. Kevin Buchi |
|
| J. Kevin Buchi |
|
| Executive Vice President & Chief Financial |
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