COLLECTORS
UNIVERSE,
INC.
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
0-27887
|
33-0846191
|
(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
1921
E. Alton Avenue, Santa Ana, California
|
92705
|
(Address
of principal executive offices)
|
(Zip
Code)
|
N/A
|
(Former
name or former address, if changed since last
report.)
|
Item
5.02.
|
Departure
of Directors or Certain Officers, Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of
Certain Officers
|
Potential
Bonus Awards as a Percent of Annual Salary(1)
|
||||||||||||
Participants
|
Threshold
Award(1)
(2)
|
Target
Award(1)
(2)
|
Maximum
Award(1)
(2)
|
|||||||||
Michael
R. Haynes, CEO
|
30.0 | % | 60.0 | % | 180.0 | % | ||||||
David
G. Hall, President
|
54.2 | %(3) | 58.3 | % | 75.0 | % | ||||||
Joseph
J. Wallace, CFO
|
20.0 | % | 40.0 | % | 120.0 | % |
|
(1)
|
Assumes,
respectively, that (i) the Threshold, Target and Maximum Net Revenue
and Pre-Tax Earnings Goals and at least some or all of the MBOs are
achieved. In each case, the bonus awards will be lower in the event
that some, but not all, of those New Revenue and Pre-Tax Earnings
Goals
and some, but not all, of the MBOs are
achieved.
|
|
(2)
|
Bonus
awards will be pro-rated if either the Threshold or Target Net
Revenue or Pre-Tax Earnings Goal is exceeded but the next higher
(Target
or Maximum) Goal is not achieved.
|
|
(3)
|
Mr.
Hall’s bonus awards will be based on the extent to which the operating
income of the Company’s collectibles businesses exceed the applicable
Threshold Financial Goals and he achieves his MBOs, as established
by the
Committee.
|
ITEM 9.01
|
Financial
Statements and Exhibits.
|
|
(d)
|
Exhibits.
|
Exhibit
No.
|
Description
of Exhibit
|
|
99.1
|
Collectors
Universe, Inc. 2008 Management Bonus
Plan
|
|
|
COLLECTORS
UNIVERSE, INC.
|
||
Dated:
November 20, 2007
|
|
By:
|
/s/ JOSEPH
J.
WALLACE
|
|
|
|
|
|
Joseph
J. Wallace,
Chief
Financial Officer
|
Exhibit
No.
|
Description
of Exhibit
|
|
99.1
|
Collectors
Universe, Inc. 2008 Management Bonus
Plan
|