Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 16, 2007 and effective immediately, the Compensation Committee of the Company's Board of Directors approved increases in the annual salaries for the following executive officers:
James R. Zarley
Chief Executive Officer, from $375,000 to $450,000
Samuel J. Paisley
Chief Administrative Officer, from $300,000 to $325,000
Scott H. Ray
Chief Financial Officer, from $300,000 to $325,000
Peter Wolfert
Chief Technology Officer, from $300,000 to $325,000
Further, on February 16, 2007, the Compensation Committee of the Company’s Board of Directors approved the 2007 Executive Incentive Compensation Plan for the executive officers listed below. If certain revenue and earnings targets are met for the first, second, third, and fourth quarters of 2007 and for the year ending December 31, 2007, the maximum cumulative payments to these executive officers under the 2007 Executive Incentive Compensation Plan are as follows:
James R. Zarley
Chief Executive Officer $420,000
Tom A. Vadnais
President – U.S. $315,000
Samuel J. Paisley
Chief Administrative Officer $315,000
Scott H. Ray
Chief Financial Officer $315,000
Peter Wolfert
Chief Technology Officer $170,000
Scott P. Barlow
Vice President, General Counsel and Secretary $70,000
Carl White
Chief Executive Officer - Europe £160,000
Exhibit 99.1 summarizes the 2007 Executive Incentive Compensation Plan.
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.
| ValueClick, Inc. | ||||
| February 22, 2007 | By: |
/s/ Scott H. Ray
|
||
| Name: Scott H. Ray | ||||
| Title: Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
|
99.1
|
2007 Executive Incentive Compensation Plan |


