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 3, 2005
Concurrent Computer Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-13150
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(Commission File Number)
04-2735766
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(IRS Employer Identification Number)
4375 River Green Parkway, Suite 100, Duluth, Georgia 30096
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(Address of principal executive offices)
Registrant's telephone number, including area code: (678) 258-4000
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:
[_] 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.
On October 25, 2004 the Compensation Committee of the Board of Directors granted
performance based restricted shares to T. Gary Trimm, Warren Neuburger, Steven
K. Necessary*, Steven R. Norton*, Kirk L. Somers, Gregory S. Wilson, and other
employees of Concurrent Computer Corporation (the "Company") pursuant to the
Company's 2001 Stock Option Plan. The number of performance based restricted
shares granted are as follows: T. Gary Trimm, 63,047 shares; Warren Neuburger,
29,182 shares; Steven K. Necessary, 30,803 shares; Steven R. Norton, 27,020
shares; Kirk L. Somers, 14,771 shares; and Gregory S. Wilson, 5,629 shares. The
shares will vest when and if the Company accomplishes yearly revenue and net
operating income goals set by the Compensation Committee on the date of the
grant. The shares are returned to the Company if the individual is not employed
by the Company if and when the performance goals are achieved. If the
performance criteria are not met within any one year, they can be made up in the
next fiscal year if the sum of the actual results for the two year period
exceeds the sum of the performance criteria for that two year period.
* Indicates individuals no longer employed by the Company.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
THE FOLLOWING EXHIBIT IS FILED HEREWITH:
EXHIBIT NO. DESCRIPTION
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10.1 - Summary of Performance Grants.
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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.
Dated: March 3, 2005.
CONCURRENT COMPUTER CORPORATION
(Registrant)
By: /s/ Greg Wilson
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Greg Wilson
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NUMBER AND DESCRIPTION
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10.1 Summary of Performance Grants.
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