WWW.EXFILE.COM, INC. -- 888-775-4789 -- DATAWATCH CORPORATION -- FORM 8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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) October
17, 2008
(Exact
Name of Registrant as Specified in Its Charter)
(State or
Other Jurisdiction of Incorporation)
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000-19960
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02-0405716
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Quorum
Office Park
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271
Mill Road
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Chelmsford,
Massachusetts
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01824
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(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))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Director; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers
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On
October 17, 2008, Datawatch Corporation announced that its Board of Directors
has approved the appointment of Harvey Gross as Vice President of Enterprise
Product Management and Development, an executive officer of the
company. The Board of Directors also approved officer salary and
bonus plans for the 2009 fiscal year, which began on October 1,
2008. For the 2009 fiscal year, base salaries for Kenneth Bero,
President and Chief Executive Officer, Murray Fish, Chief Financial Officer and
Vice President, John H. Kitchen, III, Senior Vice President and Chief Marketing
Officer, and Dan Incropera, Corporate Controller and Vice President, will be
$285,000, $170,000, $190,000, and $135,000,
respectively. Additionally, Messrs. Fish, Kitchen and Incropera will
be eligible for bonus payments based on their achievement of certain management
objectives. The targets for these bonuses were set for Messrs. Fish,
Kitchen and Incropera in the amounts of $40,000, $20,000, and $14,000,
respectively.
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.
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DATAWATCH
CORPORATION
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Date: October
21, 2008
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By:
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/s/ Kenneth
P. Bero |
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Name:
Kenneth P. Bero |
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Title:
President and Chief Executive Officer |
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