RICKS CABARET INTERNATIONAL INC 8-K 2008
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: May 8, 2008
RICK'S CABARET INTERNATIONAL, INC.
(Exact Name of Registrant As Specified in Its Charter)
10959 Cutten Road
Houston, Texas 77066
(Address Of Principal Executive Offices, Including Zip Code)
(Registrant's Telephone Number, Including Area Code)
ITEM 5.02 COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On May 8, 2008, we completed the preparation and execution of a two-year Employment Agreement (the “Agreement”) with our President and Chief Executive Officer, Eric Langan. The Agreement provides for Mr. Langan’s continued service as President and Chief Executive Officer through April 1, 2010, with for an annual base salary of $600,000. The Agreement also provides for participation in all benefit plans maintained by us for salaried employees. Under the terms of the Agreement, Mr. Langan is bound to a confidentiality provision and cannot compete with us upon the expiration of the Agreement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.