Business Context and Reporting Period
Company: Deluxe Corp
Filing Type: Form 8-K (Current Report)
Report Date: October 25, 2006
Event Date: October 25, 2006 (Board of Directors Meeting)
This filing reports the entry into a material definitive agreement regarding compensation for non-employee directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific corporate governance action rather than financial performance.
Material Changes
Director Compensation Grant: The Board of Directors approved grants of 2,271 shares of restricted stock to each of its eight non-employee directors. These grants are governed by award agreements attached as Exhibit 10.1.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares granted (2,271 shares x 8 directors = 18,168 shares).
- Review the specific terms, vesting schedule, and restrictions in the "Form of Agreement as to Award of Restricted Common Stock" (Exhibit 10.1).
- Confirm the impact of these grants on the company's total share count and potential dilution.