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): January 24, 2007
LoopNet, Inc.
(Exact name of registrant as specified in its charter)
000-52026
( Commission File Number )
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Delaware
(State or other jurisdiction of
incorporation)
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77-0463987
(I.R.S. Employer Identification No.) |
LoopNet, Inc.
185 Berry Street, Suite 4000
San Francisco, CA 94107
(Address of principal executive offices, with zip code)
(415) 243-4200
(Registrant’s telephone number, including area code)
Not Applicable
(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 (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 5.02. Departures of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers; Compensatory Arrangements of Certain Officers.
(e) On January 24, 2007, the Board of Directors of LoopNet, Inc. (the “Company”), following the
recommendations of the Compensation Committee, approved the following matters at a regularly
scheduled board meeting: (i) the payout of bonuses under the Company’s cash bonus plan for the
Company’s fiscal year 2006 and (ii) base salaries for the Company’s executive officers
for fiscal year 2007, effective January 1, 2007.
The following table shows the fiscal year 2006 bonus payouts and fiscal year 2007 base
salaries for the Company’s principal executive officer, principal financial officer and other named
executive officers:
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Name/Title |
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2007 Base Salary |
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2006 Bonus Payout |
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Richard J. Boyle, Jr.
President, Chief Executive
Officer,
and Chairman of the Board
of Directors
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$325,000
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$150,000 |
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Brent Stumme
Chief Financial Officer and Senior
Vice President, Finance and
Administration
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$240,350
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$135,000 |
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Thomas Byrne
Chief Marketing Officer and Senior
Vice President, Marketing and
Sales
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$240,350
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$135,000 |
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Jason Greenman
Chief Product Officer and Senior
Vice President, Business and
Product Development
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$225,720
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$85,000 |
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Wayne Warthen
Chief Technology Officer and
Senior Vice President, Information
Technology
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$215,460
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$52,000 |
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