Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 16, 2009, Martek's Board of Directors elected David M. Pernock to
serve on the Board of Directors. Mr. Pernock's term of office will expire at the
2010 Annual Meeting of Stockholders. As a non-employee director of the Company,
Mr. Pernock will receive an annual retainer of $40,000 plus $2,000 and expenses
per Board meeting as well as an annual grant of restricted stock units with a
total value of $60,000 on the date of grant. In addition to the annual grant
which occurs on the day of the Company's Annual Meeting of Stockholders, on
September 17, 2009, Mr. Pernock was granted restricted stock units with a total
value of $60,000 on the date of grant (2,449 total restricted stock units) that
will vest twelve months from the date of grant.
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