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): September 7, 2006
NEUROMETRIX, INC.
(Exact name of registrant as specified in charter)
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Delaware |
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000-50856 |
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04-3308180 |
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(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
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of Incorporation) |
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Identification No.) |
62 Fourth Avenue
Waltham, Massachusetts 02451
(Address of Principal Executive Offices) (Zip Code)
(781)
890-9989
(Registrant’s telephone number,
including area code)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 September 7, 2006, the Compensation Committee of the Board of Directors of NeuroMetrix, Inc. (the “Company”) determined the following compensation information for certain executive officers of the Company regarding target cash bonuses for 2006. This compensation information is as follows:
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Name |
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Title |
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2006 Target Bonus |
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Shai N. Gozani, M.D., Ph.D. |
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Chairman, President and Chief Executive Officer |
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$ |
131,250 (50%) |
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Gary Gregory |
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Chief Operating Officer |
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$ |
123,375 (50%) |
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W. Bradford Smith |
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Chief Financial Officer |
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$ |
69,300 (30%) |
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Guy Daniello |
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Senior Vice President of Information Technology |
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$ |
47,545 (25%) |
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Michael Williams |
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Senior Vice President of Engineering |
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$ |
49,612 (25%) |
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(1) The award of cash bonuses in 2006 will be determined by the Compensation Committee based on the executive officer’s and the Company’s achievement of a number of objective and subjective goals specifically established for each executive officer by the Compensation Committee.
2
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.
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NEUROMETRIX, INC. |
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Dated: September 12, 2006 |
By: |
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/s/ Shai N. Gozani, M.D., Ph.D. |
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Shai N. Gozani, M.D., Ph.D. |
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President and Chief Executive Officer |
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3