INSIGNIA SYSTEMS, INC. Form 8-K dated May 23, 2007
 
 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549-1004

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report:

May 23, 2007

 

INSIGNIA SYSTEMS, INC.

(Exact name of registrant as specified in its chapter)

 

Minnesota

1-13471

41-1656308

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

 

6470 Sycamore Court North, Maple Grove, Minnesota

55369

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code     (763) 392-6200

 

 

(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:

 

 

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. Compensatory Arrangements of Certain Officers.

 

On May 23, 2007, the registrant’s Compensation Committee approved amendments to the Change in Control Severance Agreements for Alan Jones and Tom Lucas to increase benefit payments and to require a signed release in exchange for benefit payments.

 

Item 9.01. Financial Statements and Exhibits.

 

 

(d)

Exhibits

 

 

10.1

Amended Change in Control Severance Agreement for Alan Jones.

 

 

10.2

Amended Change in Control Severance Agreement for Tom Lucas.

 

 

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.

 

 

 

Insignia Systems, Inc.

 

 

(Registrant)


Date:  May 30, 2007

 

By 


/s/ Scott F. Drill

 

 

 

Scott F. Drill, President and Chief Executive Officer