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, 2009
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 28, 2009, the Stock Option and Compensation Committee of the Board of Directors (the “Board”) of Cephalon, Inc. (the “Company”) determined the recommended annual cash bonus awards to be made to executive officers of the Company for fiscal year 2008 as determined pursuant to the Company’s MICP for 2008. These award recommendations were presented to and approved by the independent members of the Board on January 29, 2009. The awards were approved subject to the finalization of financial results for the year ended December 31, 2008, which were released on February 12, 2009.
The awards earned in 2008, which will be paid in late February 2009, are as follows:
Name: | | Cash Bonus | |
Frank Baldino, Jr., Ph.D. | | $ | 1,779,800 | |
Valli F. Baldassano | | $ | 203,700 | |
J. Kevin Buchi | | $ | 340,100 | |
Peter E. Grebow, Ph.D. | | $ | 271,700 | |
Gerald J. Pappert | | $ | 278,300 | |
Robert P. Roche, Jr. | | $ | 380,300 | |
Lesley Russell, MB.Ch.B., MRCP. | | $ | 350,000 | |
Carl A. Savini | | $ | 310,200 | |
Jeffry L. Vaught, Ph.D. | | $ | 227,800 | |
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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. |
| |
| |
Date: February 18, 2009 | By: | /s/ Gerald J. Pappert |
| | Gerald J. Pappert |
| | Executive Vice President & General Counsel |
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