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): June 13, 2007
SI International, Inc.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware |
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000-50080 |
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52-2127278 |
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(State or Other
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(Commission File |
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(IRS Employer |
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12012
Sunset Hills Road |
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20190 |
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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: (703) 234-7000 |
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(Former Name or Former Address, if Changed Since Last Report) |
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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 5.02(e) Compensatory Arrangements of Certain Officers.
On June 13, 2007, the Compensation Committee (the “Committee”) of the Board of Directors of SI International, Inc. (the “Company”) approved an amendment to the Company’s Management Performance Incentive Plan (the “Plan”). In accordance with its established compensation methodology, the Committee reviewed the compensation of the named executive officers. Based upon this review, the Committee approved an increase in the target bonus percentage under the Plan from the current percentage of 50% of the base salary to the newly approved target bonus percentage of base salary for each of the following named executive officers as set forth below:
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Position |
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New Target |
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Ray J. Oleson |
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Executive Chairman |
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75% |
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S. Bradford Antle |
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President and Chief Executive Officer |
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75% |
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Thomas E. Dunn |
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Executive Vice President and Chief Financial Officer |
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60% |
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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.
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SI International, Inc. |
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By: |
/s/ THOMAS E. DUNN |
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Thomas E. Dunn |
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Executive Vice President, |
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Chief Financial Officer and Treasurer |
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Dated: June 19, 2007 |
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