- Current report filing (8-K)
March 09 2009 - 11:04AM
Edgar (US Regulatory)
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,
2009
The
Inventure Group, Inc.
(Exact name of
registrant as specified in its charter)
Delaware
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1-14556
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86-0786101
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(State or other
jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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5050 N.
40
th
St., Suite 300, Phoenix, AZ
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85018
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(Address of
principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code
(623) 932-6200
(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:
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 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Executive Cash Bonus Plan
On March 3, 2009, the
Compensation Committee of the Board of Directors of the Company approved a key
employee cash bonus plan for the 2009 fiscal year, in which the following named
executive officers participate:
Terry E. McDaniel, President
and Chief Executive Officer, is eligible to receive an annual bonus under the
plan of up to $202,125.00 (50% of his base salary), 70% of which is based on the
Company achieving the net income targets set forth in the plan and 30% of which
is based on the achievement of individual goals.
Steve Weinberger, Chief
Financial Officer, is eligible to receive an annual bonus under the plan of up
to $118,256.00 (44% of his base salary), 70% of which is based on the Company
achieving the net income targets set forth in the plan and 30% of which is
based on the achievement of individual goals.
Steve Sklar, Senior Vice
President of Marketing, is eligible to receive an annual bonus under the plan of
up to $68,871.00 (31% of his base salary), 70% of which is based on the Company
achieving the net income targets set forth in the plan and 30% of which is
based on the achievement of individual goals.
Performance is measured for
the first six months of 2009, the first nine months of 2009, and the entire
fiscal year, and bonus earned for each applicable period is paid following the
end of such period.
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.
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The Inventure Group, Inc.
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(Registrant)
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Date
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March 9, 2009
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/s/ Steve Weinberger
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(Signature)
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Steve Weinberger
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Chief Financial Officer
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