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): November 8, 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 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On November 8, 2007, the Compensation Committee of the Board of
Directors of Landauer, Inc. (the "Company") approved the grant of
restricted share awards, dated November 9, 2007, to its Executive Officers
for fiscal 2008 under the Landauer, Inc. 2005 Long-Term Incentive
Compensation Plan (the "2005 LTI Plan").
The restricted share awards consist of performance shares and time
vested restricted stock. Thirty percent of the award consists of
restricted stock which vests on September 30, 2009. Performance shares
represent seventy percent of the award. The number of performance shares
that will actually vest will be based upon the Company's achievement of
specified performance goals over the next two fiscal years, of which there
are four including targets for net income and revenues at the end of the
fiscal year ending September 30, 2009. For achievement of the goals at the
specified level, one hundred percent of the shares awarded will vest. For
overachievement of the goals as specified in the agreement, the number of
shares to vest is targeted at approximately two hundred percent of the
target grant. No shares of performance stock will vest if all of the
specified goals are not achieved.
The following table sets forth the fiscal 2008 restricted share
awards for the Executive Officers.
2008 2008
Restricted Restricted
Share Award Share Award
Name and Position Target Maximum
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William E. Saxelby
President and
Chief Executive Officer 9,300 22,190
Jonathon M. Singer
Senior Vice President,
Treasurer, Secretary and
Chief Financial Officer 5,078 6,825
Richard E. Bailey
Senior Vice President
- Operations 2,057 3,040
Gerard P. Bilek
Vice President and
Controller 1,019 2,037
R. Craig Yoder
Senior Vice President -
Marketing and Technology 1,957 3,967
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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: November 13, 2007 /s/ Jonathon M. Singer
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Jonathon M. Singer
Senior Vice President,
Treasurer, and Secretary
(Principal Financial and
Accounting Officer)
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