Bio-Reference Laboratories 8-K 2008
Date of Report (Date of earliest event reported) February 27, 2008
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:
Bio-Reference Laboratories, Inc.
February 27, 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. Todds employment agreement. Mr. Todd is the Registrants Senior Vice President- Sales, and one of its five most highly compensated senior management employees. The amendment increased Mr. Todds 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. Todds salary in fiscal 2008 will be $495,065 (plus a CPI adjustment of approximately $11,500).
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.