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Quotes & Info
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| SRX > SEC Filings for SRX > Form 8-K on 22-Dec-2008 | All Recent SEC Filings |
22-Dec-2008
Change in Directors or Principal Officers, Financial Statements and Exhibit
(c) On December 22, 2008, SRA International, Inc. (the "Company") announced the appointment of Timothy J. Atkin as Chief Operating Officer and Executive Vice President of the Company, effective immediately. Mr. Atkin, age 45, has served as Senior Vice President of the Company's global health business since December 2007. From July 2004 until December 2007, Mr. Atkin managed the Company's civil government business, first as Vice President and then as Senior Vice President from July 2006 to December 2007. Previously, Mr. Atkin served as Vice President of the Company's homeland security business beginning in June 2003. A copy of the press release, dated December 22, 2008, announcing the appointment of Mr. Atkin is attached hereto as Exhibit 99.1.
(e) Under a non-binding compensation arrangement signed on December 19, 2008, Mr. Atkin will receive an annual base salary of $325,000, effective as of December 15, 2008, and an annual target bonus of eighty percent of his base salary. He will also be granted 26,000 non-qualified stock options and 6,500 restricted stock shares under the Company's 2002 Stock Incentive Plan with a price equal to the fair market value of the Company's stock at the date of grant. These options and restricted stock shares will vest 25% per year over four years. The final terms of Mr. Atkin's employment will be set forth in an employment agreement, which is anticipated to include non-solicitation, non-competition and confidentiality provisions.
(d) Exhibits
Exhibit
Number Exhibit
99.1 Press Release dated December 22, 2008, announcing the appointment of
Chief Operating Officer and Executive Vice President, Timothy J.
Atkin.
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