|
|
 | | | |
- close
- close
- close
- close
| |||||||||
These excerpts taken from the NSYS 10-K filed Mar 19, 2009. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. The arrangements contained an acceleration condition whereby if we attain certain financial measurements, the awards would vest in their entirety on December 31, 2006. The acceleration conditions were not met, thus the awards vested ratably over the full vesting period as stated in the agreement. Total compensation expense related to restricted stock included in the statements of income for the year ended December 31, 2008 and 2007 was $72,233 and $69,900, respectively. The following is the status of our restricted shares as of December 31, 2008, including changes during the year ended December 31, 2008:
As of December 31, 2008 and 2007, there was approximately $0 and $70,000, respectively, of unrecognized compensation expense related to unvested restricted stock awards. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on
As Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on
As Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on
As This excerpt taken from the NSYS 10-Q filed Nov 6, 2008. Restricted Stock
On March 7, 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. We recorded compensation expense of $17,475 and $52,425 for the three and nine months ended September 30, 2008 and 2007, respectively. The following is the status of our restricted shares as of September 30, 2008:
As of September 30, 2008 and 2007, there was approximately $17,000 and $87,000 of unrecognized compensation expense related to unvested restricted stock awards to be recognized over a weighted-average period of 0.25 and 1.25 years, respectively.
This excerpt taken from the NSYS 10-Q filed Aug 14, 2008. Restricted Stock
On March 7, 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. We recorded compensation expense of $17,475 and $34,950 for the three and six months ended, respectively, of both June 30, 2008 and 2007. The following is the status of our restricted shares as of June 30, 2008:
As of June 30, 2008 and 2007, there was approximately $35,000 and $105,000 of unrecognized compensation expense related to unvested restricted stock awards to be recognized over a weighted-average period of 0.5 and 1.5 years, respectively.
This excerpt taken from the NSYS 10-Q filed May 14, 2008. Restricted Stock
On March 7, 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. We recorded compensation expense of $17,475 for the three months ended March 31, 2008 and 2007. The following is the status of our restricted shares as of March 31, 2008:
As of March 31, 2008, there was approximately $52,000 of unrecognized compensation expense related to unvested restricted stock awards to be recognized over a weighted-average period of .75 years.
These excerpts taken from the NSYS 10-K filed May 13, 2008. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. The arrangements contained an acceleration condition whereby if we attain certain financial measurements, the awards 42 NORTECH SYSTEMS INCORPORATED AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2007 AND 2006 NOTE 9 GAINSHARING INCENTIVE, STOCK OPTION AND RESTRICTED STOCK PLANS (Continued) would vest in their entirety. The acceleration conditions were not met, thus the awards will continue to vest ratably over the full vesting period as stated in the agreement. Total compensation expense related to restricted stock included in the statements of income for the year ended December 31, 2007 and 2006 was $69,900 for each year. The following is the status of our restricted shares as of December 31, 2007, including changes during the year ended December 31, 2007:
As of December 31, 2007 and 2006, there was approximately $70,000 and $140,000, respectively, of unrecognized compensation expense related to unvested restricted stock awards. The remaining unrecognized compensation of $70,000 at December 31, 2007 is expected to be recognized in 2008. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on 42 NORTECH SYSTEMS INCORPORATED AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2007 AND 2006 NOTE 9 GAINSHARING INCENTIVE, STOCK OPTION AND RESTRICTED STOCK PLANS (Continued) would
As These excerpts taken from the NSYS 10-K filed Mar 17, 2008. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. The arrangements contained an acceleration condition whereby if we attain certain financial measurements, the awards 42 NORTECH SYSTEMS INCORPORATED AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2007 AND 2006 NOTE 9 GAINSHARING INCENTIVE, STOCK OPTION AND RESTRICTED STOCK PLANS (Continued) would vest in their entirety. The acceleration conditions were not met, thus the awards will continue to vest ratably over the full vesting period as stated in the agreement. Total compensation expense related to restricted stock included in the statements of income for the year ended December 31, 2007 and 2006 was $69,900 for each year. The following is the status of our restricted shares as of December 31, 2007, including changes during the year ended December 31, 2007:
As of December 31, 2007 and 2006, there was approximately $70,000 and $140,000, respectively, of unrecognized compensation expense related to unvested restricted stock awards. The remaining unrecognized compensation of $70,000 at December 31, 2007 is expected to be recognized in 2008. Restricted Stock In March 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on 42 NORTECH SYSTEMS INCORPORATED AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2007 AND 2006 NOTE 9 GAINSHARING INCENTIVE, STOCK OPTION AND RESTRICTED STOCK PLANS (Continued) would
As This excerpt taken from the NSYS 10-Q filed Nov 2, 2007. Restricted Stock
On March 7, 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. We recorded compensation expense of $17,475 and $22,073 for the three months ended September 30, 2007 and 2006, respectively. Total compensation expense related to restricted stock included in the statements of income for the three months and nine months ended September 30, 2007 and 2006 was $52,425 and $47,827, respectively. The following is the status of our restricted shares as of September 30, 2007, including changes during the nine months then ended:
As of September 30, 2007 and 2006, there was approximately $87,000 and $164,000 of unrecognized compensation expense related to unvested restricted stock awards being recognized over a weighted average period of 1.25 years and 2.25 years, respectively.
This excerpt taken from the NSYS 10-Q filed Aug 10, 2007. Restricted Stock On March 7, 2006, 28,500 shares of restricted common stock were granted to our management and directors. This benefit was valued at the market price of the stock on the date of grant. These awards vest over a three-year term and are expensed ratably over the same period. We recorded compensation expense of $17,475 and $22,075 for the three months ended June 30, 2007 and 2006, respectively. Total compensation expense related to restricted stock included in the statements of income for the six months ended June 30, 2007 and 2006 was $34,950 and $25,754, respectively. The following is the status of our restricted shares as of June 30, 2007, including changes during the six months then ended:
As of June 30, 2007 and 2006, there was approximately $105,000 and $186,000 of unrecognized compensation expense related to unvested restricted stock awards being recognized over a weighted average period of 1.50 years and 2.50 years, respectively. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for NSYS:
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
