Genelabs Technologies 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 26, 2007
Genelabs Technologies, Inc.
(Exact Name of Registrant as Specified in its Charter)
Registrants telephone number, including area code: (650) 369-9500
(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 obligations of the registrant under any of the following provisions:
Item 5.02. Compensatory Arrangements of Certain Officers.
On January 26, 2007, Genelabs Technologies, Inc.s (the Registrant) board of directors (the Board), taking into account the recommendation of the compensation committee of the Board, increased the annual base salary of Dr. Ronald Griffith, the Registrants chief scientific officer, by $13,000 to $300,000. The Registrants board of directors, taking into account the recommendations of the compensation committee of the Board, also approved an increase in the annual base salary of Dr. Irene Chow, the Registrants chairman of the Board, by $140,000 to $350,000 and a 2007 fiscal year retention bonus to Dr. Chow of $200,000, payable in two equal installments on March 31, 2007 and June 30, 2007, provided that Dr. Chow is a member of the Board and/or an employee of the Registrant on such dates.
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.