8-K 1 y57208e8vk.htm FORM 8-K FORM 8-K
 

 
 
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): April 25, 2008
 
Broadview Networks Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)

333-142946
(Commission File Number)

11-3310798
(I.R.S. Employer Identification No.)
 
800 Westchester Avenue, Rye Brook, NY 10573
(914) 922-7000
(Address of principal executive offices and telephone number)
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:
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
          On April 25, 2008, Broadview Networks Holdings, Inc. (the “Company”) paid annual bonuses to each of its named executive officers for services performed during 2007. The bonuses paid to each of the named executive officers for services performed during 2007 are set forth in the Company’s Summary Compensation Table below (which has been updated to include the bonus information and to recalculate the information that was previously provided with respect to each named executive officer in the Company’s Summary Compensation Table included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2008):
                                                         
Name and Principal                           Stock   Option   All Other   Total
         Position   Year   Salary   Bonus   Awards   Awards   Compensation   Compensation
Michael K. Robinson
     2007     $ 400,000     $ 400,000     $ 598,923       —     $ 91,955     $ 1,490,878  
President and Chief
     2006     $ 400,000     $ 300,000     $ 219,813     $ 97,420     $ 96,400     $ 1,016,203  
Executive Officer
                                                        
 
Corey Rinker
     2007     $ 260,000     $ 90,000     $ 225,889     $ 9,685     $ 80,898     $ 666,472  
Executive Vice
     2006     $ 260,000     $ 75,000     $ 129,703       —       —     $ 464,703  
President, Chief Financial Officer, Treasurer and Assistant Secretary
                                                        
 
Brian P. Crotty
     2007     $ 310,000     $ 205,000     $ 480,089     $ 26,891     $ 77,417     $ 1,099,397  
Chief Operating Officer
     2006     $ 310,000     $ 190,000     $ 175,550       —       —     $ 675,550  
 
Charles C. Hunter
     2007     $ 250,000     $ 100,000     $ 198,164     $ 9,685       —     $ 557,849  
Executive Vice
     2006     $ 75,000     $ 150,000     $ 83,954       —       —     $ 408,954  
President, General Counsel and Secretary
                                                        
 
Terrence J. Anderson
     2007     $ 250,000     $ 165,000     $ 205,963     $ 20,972       —     $ 641,935  
Executive Vice
     2006     $ 250,000     $ 150,000       —       —       —     $ 400,000  
President, Finance and Corporate Development
                                                        
 
Ken A. Shulman
     2007     $ 250,000     $ 125,000     $ 161,012     $ 16,130       —     $ 552,142  
Executive Vice
     2006     $ 250,000     $ 100,000       —       —       —     $ 350,000  
President, Chief Technology Officer and Chief Information Officer
                                                        
          Individual bonus amounts were determined by the Board of Directors of the Company, after consultation with the Chief Executive Officer of the Company and a review of a comprehensive compensation study conducted by Radford Surveys & Consulting unit of Aon Consulting, based upon (i) each named executive officer’s general individual performance, including work output, and performance within the management team; (ii) each named executive officer’s contributions toward the integration of ATX Communications, Inc. and the acquisition and integration of Eureka Broadband Corporation; (iii) each named executive officer’s contributions toward the Company’s various strategic initiatives; (iv) each named executive officer’s overall significance toward the short- and long-term success of the Company’s business; and (v) the scope of each named executive officer’s duties and responsibilities within the Company.

- 2 -

 

SIGNATURE
     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.
Dated: May 1, 2008
         
  BROADVIEW NETWORKS HOLDINGS, INC.
 		  
  By:   /s/ Michael K. Robinson    
    Name:   Michael K. Robinson    
    Title:   Chief Executive Officer,
President and Assistant Treasurer 		  
 

- 3 -