Atrion Corporation Form 8-K 05/18/07
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
15, 2007
Atrion
Corporation
(Exact
Name of Registrant as Specified in Charter)
Commission
File Number 0-10763
Delaware 63-0821819
(State or other jurisdiction (I.
R. S.
Employer
of
incorporation or organization)
Identification
No.)
One
Allentown Parkway,
Allen, Texas
75002
(Address of principal executive offices) (Zip
Code)
Registrant's
telephone number, including area code
(972)
390-9800
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. DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN
OFFICERS; COMPENSATORY
ARRANGEMENTS
OF CERTAIN
OFFICERS.
On
May
15, 2007, the Board of
Directors (the “Board”) of Atrion Corporation (the “Company”) unanimously
elected David A. Battat, 37, as President and Chief Operating Officer of the
Company. Mr. Battat,
who has been serving since January 2006 as President of Halkey-Roberts
Corporation, a Company subsidiary (“Halkey-Roberts”), will continue to serve in
that position with Halkey-Roberts in addition to his new positions with the
Company. Concurrent with his election, Mr. Battat's salary was increased by
$21,500 for the 2007 calendar year, which brings his total base salary for
2007
to $186,500. Mr. Battat will continue to participate in the Halkey-Roberts
Corporation Incentive Compensation Plan, which provides Mr. Battat the
opportunity to receive incentive compensation based on Halkey-Robert’s
attainment of certain financial goals during each calendar year.
Mr.
Battat will also be entitled to such other employee benefits as are accorded
to
employees and officers of the Company.
Mr.
Battat has been employed by Halkey-Roberts since February 2005 serving as
Vice
President Business Development and General Counsel
until
his election as President in January 2006. From 2002 through 2004, Mr. Battat
was
engaged in the private practice of law. Mr. Battat, who is the son of Emile
A.
Battat, Chairman and Chief Executive Officer of the Company, holds a Bachelor
of
Arts degree from Harvard University and a Juris Doctor degree from Columbia
University School of Law.
On
May
15, 2007, the Board approved the Incentive Compensation Plan for Chief Financial
Officer for Calendar Years Beginning 2007 (the “CFO Plan”). Under the CFO Plan,
Jeffery Strickland, the Chief Financial Officer of the Company, has the
opportunity to receive incentive compensation, not to exceed 50 percent of
his
base salary in any year, based on the Company’s financial performance during
each calendar year.
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 thereunto
duly authorized.
ATRION
CORPORATION
By:
/s/
Emile A. Battat
Its:
Chairman
and Chief Executive Officer
Date: May
18,
2007