UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) March 11, 2005
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SL INDUSTRIES, INC.
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(Exact name of registrant as specified in charter)
New Jersey 1-4987 21-0682685
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
520 Fellowship Road, Suite A114, Mount Laurel, New Jersey 08054
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (856) 727-1500
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N/A
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(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 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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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On March 11, 2005, the Compensation Committee of the Board of Directors of
SL Industries, Inc. (the "Company") approved the 2004 cash bonus awards to be
paid to the executive officers of the Company under the Company's 2004 cash
bonus incentive plan.
The Company's 2004 cash bonus incentive plan is intended to provide
incentives to members of management, including the Company's executive officers,
in the form of annual cash bonus payments for achieving certain performance
goals established for them. If the Company performance targets are met, bonus
payments are based on the achievement of such targets and the achievement of
individual performance goals, including, but not limited to, certain
non-financial performance measurements such as management issues, development of
strategic plans, resolution of litigation matters, improvements in productivity,
improvement of product quality, development and introduction of new products,
and relationships with customers. Bonus amounts are calculated after fiscal
year-end financial results become available. Compensation in any particular case
will vary on the basis of the Company's performance and the individual's
performance. Bonuses are payable over three years.
Aggregate bonus payments authorized to the executive officers of the
Company under the 2004 cash bonus incentive plan are as follows:
NAME TITLE BONUS AMOUNT
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James Taylor Executive Vice President and $ 196,375
Chief Operating Officer
David R. Nuzzo Vice President and Chief $ 67,222
Financial Officer, Treasurer
and Secretary
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.
SL INDUSTRIES, INC.
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(Registrant)
Date: March 16, 2005
By: /s/ David R. Nuzzo
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Name: David R. Nuzzo
Title: Vice President and Chief Financial Officer
SL Industries Inactive
Filed: 16 Mar 05, 12:00am