UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 15, 2006
SI International, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
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Delaware |
000-50080 |
52-2127278 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File |
(IRS Employer |
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12012 Sunset Hills Road |
20190 |
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(Address of Principal Executive Offices) |
(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (703) 234-7000
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On June 15, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of SI International, Inc. (the “Company”) reviewed and established executive base salary compensation ranges as well as individual base salary action for each of its executive officers. Based upon the information presented, the Committee approved the following annual base salaries to take effect on July 1, 2006:
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Name |
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Position |
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Annual Base Salary |
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S. Bradford Antle |
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President and Chief Executive Officer |
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$ |
470,000 |
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Ray J. Oleson |
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Executive Chairman |
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$ |
330,000 |
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Thomas E. Dunn |
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Executive Vice President, Chief Financial Officer and Treasurer |
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$ |
366,000 |
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P. Michael Becraft |
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Executive Vice President — Mission Services Group |
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$ |
262,500 |
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Harry D. Gatanas |
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Executive Vice President — Strategic Programs Group |
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$ |
267,500 |
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Marylynn Stowers |
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Executive Vice President — IT Solutions Group |
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$ |
262,500 |
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Thomas E. Lloyd |
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Vice President, Corporate Development |
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$ |
187,000 |
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The target bonus percentages for 2006 performance for each of the Company’s executive officers remain unchanged.
The above-referenced statements may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals, financial information or reporting, and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may involve a number of risks and uncertainties, which are described in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties include: changes in federal government (or other applicable) procurement laws, regulations, policies and budgets; and the important factors discussed in the Risk Factors section of the annual report on Form 10-K/A filed by the Company with the Securities and Exchange Commission and available directly from the Commission at www.sec.gov. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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SIGNATURES
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.
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SI International, Inc. |
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By: |
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/s/ THOMAS E. DUNN |
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Thomas E. Dunn |
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Executive Vice President, |
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Dated: June 21, 2006 |
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