PHARSIGHT CORP 8-K 2005
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): July 20, 2005
(Exact name of registrant as specified in its charter)
800 W. El Camino Real
Mountain View, CA 94040
(Address and zip code of principal executive offices)
(Registrants telephone number, including area code)
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:
Item 1.01 Entry into a Material Definitive Agreement.
On July 20, 2005, the Compensation Committee of the Board of Directors of Pharsight Corporation (the Company) adopted and approved the 2006 Executive Bonus Plan. Pursuant to the Fiscal Year 2006 Executive Bonus Plan, certain executive officers of the Company may receive one-time cash bonuses of between approximately 22% to 60% of their base salaries following the satisfaction of certain financial and operating milestones approved by the Compensation Committee. The aggregate cash payments that may be paid to executive officers of the Company upon satisfaction of the financial and operating milestones would be approximately $0.6 million.
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.
Date: July 26, 2005