BRLI » Topics » Item 5.02 Compensatory Arrangements of Certain Officers

This excerpt taken from the BRLI 8-K filed Feb 29, 2008.

Item 5.02    Compensatory Arrangements of Certain Officers

          On February 27, 2008, the Registrant and Charles T. Todd, Jr. executed an amendment to Mr. Todd’s employment agreement. Mr. Todd is the Registrant’s Senior Vice President- Sales, and one of its five most highly compensated senior management employees. The amendment increased Mr. Todd’s base salary in fiscal 2008, effective February 1, 2008, from an annual rate of $395,000 to an annual rate of $528,420 (plus an adjustment based on an increase in the Consumer Price Index (“CPI”)) or an annual rate in fiscal 2008 of $540,000. As a result, Mr. Todd’s salary in fiscal 2008 will be $495,065 (plus a CPI adjustment of approximately $11,500).



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.

 

 

 

 

Bio-Reference Laboratories, Inc.

 

 

 

 

By

/s/ Marc D. Grodman

 

 


 

 

Marc D. Grodman M.D.

 

 

Principal Executive Officer

 

 

 

Date: February 29, 2008

 

 



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