8-K 1 d8k.htm FORM 8-K Form 8-K

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): March 15, 2006

 

PORTAL SOFTWARE, INC.

(Exact name of Registrant as specified in its charter)

 

 

Delaware   000-25829   77-0369737

(State or other jurisdiction of

incorporation or organization)

   (Commission File Number)  

(I.R.S. Employer

Identification Number)

10200 South De Anza Boulevard

Cupertino, CA 95014

(Address, including zip code, of principal executive offices)

(408) 572-2000

(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 (see General Instruction A.2. below):

 

¨ 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 1.01 Entry Into a Material Definitive Agreement

On March 15, 2006, the Compensation Committee (the “Committee”) of the Registrant’s Board of Directors approved base salary merit increases for the Registrant’s executive officers. The approved base salary merit increases are as follows: Marc Aronson’s, the Registrant’s Senior Vice President of Engineering base salary will increase to $274,000, Maury Austin’s, the Registrant’s Chief Financial Officer base salary will increase to an annual salary of $310,000, and Larry Bercovich, the Registrant’s Senior Vice President, General Counsel and Secretary base salary will increase to an annual salary of $234,000.

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.

 

    PORTAL SOFTWARE, INC.
Dated: March 17, 2006   By:  

/s/ Larry Bercovich

    Larry Bercovich
    SVP, General Counsel & Secretary