-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TXCuS8uIL80gsvH8seAsqfwnXlaPVFSYHPXB81K0WKxA6QQna+/0ZlDYrj09Vx2A 7T4I19IXkXti9IE9BkfyIw== 0001157523-08-004595.txt : 20080527 0001157523-08-004595.hdr.sgml : 20080526 20080527160819 ACCESSION NUMBER: 0001157523-08-004595 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080520 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080527 DATE AS OF CHANGE: 20080527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADEPT TECHNOLOGY INC CENTRAL INDEX KEY: 0000865415 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 942900635 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27122 FILM NUMBER: 08860883 BUSINESS ADDRESS: STREET 1: 3011 TRIAD DRIVE CITY: LIVERMORE STATE: CA ZIP: 94551 BUSINESS PHONE: 9252453400 8-K 1 a5694915.txt ADEPT TECHNOLOGY, INC. 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): May 20, 2008 ADEPT TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) California 0-27122 94-2900635 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) file number) Identification Number) 3011 Triad Drive 94551 Livermore, CA (Zip Code) (Address of principal executive offices) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (925) 245-3400 None (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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ Item 5.02 Compensatory Arrangements of Certain Officers Payment of Sales Commissions Bonus under Fiscal 2008 Executive and Senior - ------------------------------------------------------------------------- Management Payment Plan - ----------------------- On October 4, 2007, the Board of Directors of Adept Technology, Inc. ("Adept" or the "Company") approved the adoption by the Company of the Executive and Senior Management Payment Plan for fiscal year 2008 (the "Plan"), which was subsequently amended in January 2008. Pursuant to the Plan, Mr. Joachim Melis, Adept's Vice President, Worldwide Sales, may receive cash commissions based on Adept's consolidated revenue for each fiscal quarter during the year ended June 30, 2008, as determined by the Compensation Committee of the Board of Directors of Adept. The Plan provides for sliding scale commissions of a percentage of 0.10%, 0.40% or 0.80% of Adept's revenue at certain levels for each quarter, and is not subject to a maximum limit. On May 20, 2008, the Compensation Committee awarded payment to Mr. Melis of an aggregate of approximately $113,000 payable in Euros, reflecting commissions for the first three quarters of fiscal 2008, and representing an aggregate of approximately 0.26% of total revenues for those periods. Sales commissions payable for the full fiscal year will depend upon revenues earned during the fourth quarter. 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. ADEPT TECHNOLOGY, INC. Date: May 27, 2008 By: /s/ Lisa M. Cummins ------------------- Lisa M. Cummins Vice President of Finance and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----