Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (Nov 24, 2009)
  • 8-K (Nov 19, 2009)
  • 8-K (Nov 17, 2009)
  • 8-K (Oct 30, 2009)
  • 8-K (Oct 8, 2009)
  • 8-K (Aug 12, 2009)

 
Other

First Advantage 8-K 2005

Documents found in this filing:

  1. 8-K
  2. 8-K
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): August 5, 2005

 


 

FIRST ADVANTAGE CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

 


 

Delaware

(State or Other Jurisdiction of Incorporation)

 

Delaware   0-50285   61-1437565

(State or Other Jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification Number)

 

One Progress Plaza, Suite 2400

St. Petersburg, Florida 33701

(Address of principal executive offices)

 

(727) 214-3411

(Registrant’s telephone number)

 

Not Applicable.

(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 (see General Instruction A.2 below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 1.01. Entry into a Material Definitive Agreement.

 

On August 5, 2005, the First Advantage Corporation’s (the “Company”) Board of Directors, upon recommendation of the Company’s compensation committee, approved the Senior Executive Annual Incentive Program (“Incentive Program”), which memorializes the qualitative and quantitative measurements to be used to determine whether certain senior executives of the Company are eligible for incentive bonus awards for fiscal year 2005. Eligible participants include the Company’s “name executive officers” and the following senior executives: General Counsel, Chief Information Officer, Chief Marketing Officer, and Division President. The Company’s “named executive officers” comprised of, John Long, Chief Executive Officer and President, John Lamson, Chief Financial Officer and Executive Vice President, Akshaya Mehta, Chief Operating Officer and Executive Vice President, and Evan Barnett, Business Unit President, each have a target award opportunity equal to 100% of their base salary for fiscal year 2005. The target award opportunity for all participants is based upon the achievement of certain performance measurements. For Messrs. Long, Lamson and Mehta, the performance measurements are comprised of financial measurements of the Company as a whole and non-financial measurements at the following relative weight:

 

Performance

Measurement

  Relative Weight

Earnings Per Share of the

Company

  66 2/3 percent

Individual Non-Financial

Qualitative Performance

Objectives

  33 1/3 percent

 

For Messr. Barnett, the performance measurements are also comprised of financial and non-financial measurements at the following relative weight:

 

Performance
Measurement
  Relative Weight

Earnings Per Share of the

Company

  25 percent

Individual Qualitative

Performance Objectives

  25 percent
Business Unit Pre-tax Profit   50 percent

 

The actual bonuses earned by the Company’s “named executive officers” are then determined by comparing the Company’s actual performance, or the Business Unit’s performance, as the case may be, during fiscal year 2005 against the target performance goals for the above-mentioned performance measurements. The fiscal 2005 bonus threshold and maximum amounts will range from 25% of the target bonus amount to 150% of the target bonus amount for the Company’s “named executive officers” based on performance achievement of between 85% of the target and 115% of target.

 

In the event of termination of employment of any participant during fiscal year 2005, the compensation committee may in its sole discretion, determine the amount, timing, and form or any bonus payments payable under the Incentive Program.


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.

 

           

FIRST ADVANTAGE CORPORATION

Date: August 9, 2005

     

By:

 

/s/ John Lamson

           

Name:

 

John Lamson

           

Title:

 

Executive Vice President and

Chief Financial Officer

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki