Delaware | 87-0361799 | |
(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))
On December 1, 2010 and December 6, 2010, the Compensation Committee of the Board of Directors recommended, and our Board of Directors approved, changes to the compensation of our executive officers. Thomas R. Brown, President and Chief Executive Officer of the Company, will receive an annual base salary, effective January 1, 2011, of $275,000, and Katherine H. McDermott, Chief Financial Officer, will receive an annual base salary, effective January 1, 2011, of $175,000. Mr. Brown was also granted an option to purchase 100,000 shares of the Company's common stock under the Company's 2005 Equity Incentive Plan.
LRAD Corporation | ||||||||
Date: December 07, 2010 | By: | /s/ Katherine H. McDermott | ||||||
Katherine H. McDermott | ||||||||
Chief Financial Officer | ||||||||