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): March 19, 2007
LANDAUER, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-9788 06-1218089
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(Commission File Number) (I.R.S. Employer Identification No.)
2 Science Road, Glenwood, Illinois 60425
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(Address of Principal Executive Offices) (Zip Code)
(708) 755-7000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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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))
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ITEM 5.02 COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On March 13, 2007 the Compensation Committee of the Board of
Directors of Landauer, Inc. (the "Company") established the annual base
salaries and targeted incentive compensation of executive officers for
Fiscal 2007, and granted restricted shares to the executive officers under
the Landauer, Inc. 2005 Long-Term Incentive Plan. Changes to an executive
officer's annual base salary shall be retroactive to January 1, 2006.
2006 INCREASES TO BASE SALARY
The Compensation Committee determined the annual base salaries for
2007 for the Named Executive Officers other than Mr. Saxelby. Mr.
Saxelby's compensation was determined earlier in the fiscal year.
The following table sets forth the annual base salaries for 2006 and
2007 and the FY 2007 targeted incentive compensation awards for the Named
Executive Officers.
Incentive
Base Base Compen-
Salary Salary sation
Name and Position for 2006 for 2007 Award
- ----------------- -------- -------- ---------
William E. Saxelby
President and
Chief Executive Officer. . . . . . $350,000 $430,000 $215,000
Jonathon M. Singer
Senior Vice President,
Treasurer, Secretary &
Chief Financial Officer. . . . . . 250,000 251,562 100,625
R. Craig Yoder
Senior Vice President
- Marketing & Technology . . . . . 225,100 227,240 90,896
Richard E. Bailey
Senior Vice President
- Operations . . . . . . . . . . . 160,200 165,533 81,187
Gary Bilek
Vice President - Controller. . . . 140,227 141,689 56,672
GRANT OF SHARES OF RESTRICTED STOCK
The Compensation Committee approved the grant of the following number
of restricted stock, as of March 13, 2007, to the named executive officers
under the Landauer, Inc. 2005 Long-Term Incentive Plan: Mr. Saxelby
(5,454); Mr. Singer (4,582); Mr. Yoder (2,073); Mr. Bailey (2,182); and Mr.
Bilek (1,091). One-third of the Shares subject to the Award shall vest
upon the achievement of certain performance milestones as determined by the
Compensation Committee of the Board of Directors. One third of the Shares
subject to the Award shall vest on September 30, 2008, and the remaining
one-third of the Shares subject to the Award shall vest on September 30,
2009.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Landauer, Inc. Restricted Stock Award Agreement
Under 2005 Long-Term Incentive Plan
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SIGNATURE
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.
LANDAUER, INC.
Dated: March 19, 2007 /s/ Jonathon M. Singer
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Jonathon M. Singer
Senior Vice President,
Treasurer, Secretary and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Landauer, Inc. Restricted Stock Award Agreement
Under 2005 Long-Term Incentive Plan
4