Stereotaxis, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Stereotaxis, Inc. on February 17, 2010, reporting events that occurred in February 2010. The filing addresses Item 5.02 regarding compensatory arrangements for certain officers.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It details specific discretionary bonus awards approved by the Compensation Committee under the 2009 Annual Bonus Plan. Awards were paid as one-third cash and two-thirds fully vested common stock.
| Executive Officer | Total Award ($) | Shares Awarded (Net) | Cash Award ($) |
|---|---|---|---|
| Michael P. Kaminski | 136,000 | 12,150 | 45,334 |
| Douglas M. Bruce | 108,800 | 9,439 | 36,267 |
| Daniel J. Johnston | 27,200 | 2,343 | 9,067 |
| Melissa C. Walker | 25,568 | 2,203 | 8,523 |
| Louis T. Ruggiero (Retired) | 25,013 | 2,200 | 8,338 |
| James M. Stolze (Retired) | 105,400 | 9,387 | 35,134 |
Note: Share counts represent net shares after tax withholding. The aggregate equity value (including withheld shares) ranged from $16,675 to $90,666 per individual.
Material Changes
The filing reports the execution of the 2009 Annual Bonus Plan. No material changes to financial performance or operations are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on future performance, or discussion of risks and contingencies. It is strictly a disclosure of executive compensation.
Investor Verification Checklist
- Verify the stock price on the award date to confirm the valuation of the equity portion.
- Review Form 4 filings dated February 19, 2010, for details on beneficial ownership changes related to these awards.
- Confirm the total cash outflow impact on the company's liquidity for the period.
- Check subsequent filings for any changes in the executive team composition.