UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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):
August 8, 2006
Concurrent Computer Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-13150 04-2735766
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(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification Number)
of Incorporation)
4375 River Green Parkway, Suite 100, Duluth, Georgia 30096
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (678) 258-4000
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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 August 8, 2006 the Compensation Committee of the Board of Directors
revised the employment agreement ("Agreement") for T. Gary Trimm (the
"Employee"), Chief Executive Officer, which has previously been filed with the
Securities and Exchange Commission. Under the amended Agreement, if the
Employee were terminated, during the period beginning with the Employee's
termination and continuing through which time the Employee reaches age 65,
Concurrent Computer Corporation ("the Company") will use its reasonable best
efforts to continue the Employee's eligibility under its group life insurance,
hospitalization, medical and dental plans. To the extent the Employee is not
eligible under the terms of one or more of such plans and programs, the Company
will provide the Employee with the economic equivalent for the period through
the employee reaching age 65.
Additionally, the Compensation Committee lifted the salary freeze in place
for fiscal 2006 on the salaries of executive officers and approved a 3.5% salary
increase. The new salaries for executive officers are disclosed in the table
below. Mr. Wilson's salary was increased by 14.3% in conjunction with his
experience and expanded responsibilities.
ANNUAL
EXECUTIVE OFFICER SALARY
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T. Gary Trimm $362,250
Warren Neuburger 300,000
Kirk L. Somers 227,700
Gregory S. Wilson 200,000
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
THE FOLLOWING EXHIBIT IS FILED HEREWITH:
EXHIBIT NO. DESCRIPTION
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99.1 AMENDMENT TO EMPLOYMENT AGREEMENT
Signatures
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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.
CONCURRENT COMPUTER CORPORATION
Date: August 10, 2006 By: /s/ Gregory S. Wilson
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Gregory S. Wilson
Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NUMBER AND DESCRIPTION
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99.1 Amendment to Employment Agreement