8-K: Current report
Published on June 2, 2010
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):
June 2,
2010 (June 2, 2010)
HARRIS
& HARRIS GROUP, INC.
(Exact
name of registrant as specified in its charter)
|
New
York
(State
or other jurisdiction of
incorporation)
|
0-11576
(Commission
File
Number)
|
13-3119827
(IRS
Employer
Identification
No.)
|
1450
Broadway, 24th
Floor
New
York, New York 10018
(Address
of principal executive offices and zip code)
(212)
582-0900
(Registrant’s
telephone number, including area code)
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; Compensation Arrangements of Certain Officers.
On June
2, 2010, Harris & Harris Group, Inc., (the “Company”) announced that its
Compensation Committee has cancelled its previously scheduled meetings for the
purpose of awarding stock options pursuant to the Harris & Harris Group,
Inc. 2006 Equity Incentive Plan (the "Plan") in 2010, and will not award stock
options for at least the next year. The Compensation Committee
believes this action better aligns management’s interests with our shareholders’
interests at a time when our shares are trading below net asset value per share
(“NAV”). The Compensation Committee also decided that any future
grants of options, if they occur, will not be awarded at a price below
NAV.
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.
|
Date:
|
June
2, 2010
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HARRIS
& HARRIS GROUP, INC.
|
|||
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By:
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/s/ Daniel B. Wolfe
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||||
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Daniel
B. Wolfe
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|||||
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Chief
Financial Officer
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|||||
Item
9.01. Financial Statements
and Exhibits.
| (a) | Not applicable. |
|
|
(b)
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Not
applicable.
|
|
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(c)
|
Not
applicable.
|
|
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(d)
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Exhibits.
|
| Exhibit No. | Description | |
|
|
99.1
|
Press
Release dated June 2,
2010
|
EXHIBIT
INDEX
| Exhibit No. | Description | |
|
|
99.1
|
Press
Release dated June 2, 2010
|