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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 2, 2006
ALKERMES, INC.
(Exact Name of Registrant as Specified in its Charter)
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PENNSYLVANIA
(State or Other Jurisdiction of Incorporation)
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1-14131
(Commission
File Number)
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23-2472830
(I.R.S. Employer
Identification No.) |
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88 Sidney Street
Cambridge, Massachusetts
Address of principal executive offices)
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02139
(Zip Code) |
Registrant’s telephone number, including area code: (617) 494-0171
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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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement
On May 2, 2006, the Compensation Committee of the Board of Directors of Alkermes, Inc.
(“Alkermes” or “the Company”) approved the Alkermes Fiscal Year 2007 Named Executive Bonus Plan
(the “Bonus Plan”) and established bonus awards that may be earned for the period April 1, 2006 to
March 31, 2007 under the Bonus Plan by the Company’s named executive officers, currently Alkermes’
Chief Executive Officer, President and Chief Operating Officer, Vice President and
Chief Financial Officer, Vice President Corporate Development, and Vice
President, General Counsel and Secretary (each a “Participant”). The size of the overall
bonus pool shall be determined by the Compensation Committee based on Company performance against
the Bonus Plan objectives and target bonuses. Target bonus ranges determined by the Compensation
Committee are 25% to 100% of base salary. The bonuses will be paid based on the achievement of Company objectives and
individual performance. Individual performance of the Participants shall be determined by the
Compensation Committee. The performance period under the Bonus Plan will consist of the period from
April 1, 2006 to March 31, 2007.
The Bonus Plan is filed with this report as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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| Exhibit No. |
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Description |
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10.1
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Alkermes Fiscal 2007 Named Executive Bonus Plan |
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 hereunto duly authorized.
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ALKERMES, INC.
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| Date: May 8, 2006 |
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/s/ James M. Frates
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James M. Frates |
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Vice President, Chief Financial Officer and
Treasurer |
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EXHIBIT INDEX
10.1 Alkermes Fiscal 2007 Named Executive Bonus Plan