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Florida Public Utilities Company (FPU)
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Annual Reports

 
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8-K

  • 8-K (Aug 12, 2009)
  • 8-K (May 14, 2009)
  • 8-K (Apr 20, 2009)
  • 8-K (Mar 17, 2009)
  • 8-K (Mar 16, 2009)
  • 8-K (Mar 2, 2009)

 
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Florida Public Utilities Company 8-K 2009

Documents found in this filing:

  1. 8-K
  2. 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): March 11, 2009

 

Florida Public Utilities Company

 

(Exact Name of Registrant as Specified in Charter)

Florida

 

001-10608

 

59-0539080

(State or Other
Jurisdiction of
Incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

401 South Dixie Highway, West Palm Beach, Florida

 

33401

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

Registrant’s telephone number, including area code:

(561) 832-0872

 

 

 

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.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

2009 Incentive Compensation Plan. On March 11, 2009, the Board of Directors of Florida Public Utilities Company (the “Company”) approved the recommendations of its Compensation Committee with respect to the establishment of performance goals under the Company’s 2009 incentive compensation plan for the executive officers to be named in the Company’s 2009 proxy statement (the “Named Executive Officers”). Incentive compensation will be earned as follows: 75% or a portion thereof upon the Company achieving an EPS target set by the Committee and 25% or a portion thereof upon the Company achieving certain safety and profitability targets set by the Committee and other strategic initiatives assigned by the Board during the year. Alternatively, 100% of the incentive compensation will be earned upon meeting specified Company initiatives set by the Board.

 

Additional Compensation. On March 11, 2009, the Company’s Board of Directors also approved the recommendation of its Compensation Committee with respect to the following cash awards to the Named Executive Officers outside of the 2008 incentive compensation plan, in recognition of their contributions to Board initiatives for the Company:

 

Name

Incentive Amount

 

 

John T. English,

$20,000

President & Chief Executive Officer

 

 

 

George F. Bachman

$20,000

Chief Financial Officer, Secretary & Treasurer

 

 

 

Charles L. Stein,

$10,000

Senior Vice President & Chief Operating Officer

 

 

 

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.

 

 

 

Florida Public Utilities Company

 

(Registrant)

 

 

 

Date:     March 16, 2009

By:

/s/ George M. Bachman

 

Name:

George M. Bachman

 

Title:

CFO, Treasurer & Corporate Secretary

 

 

 

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