INNOVATIVE SOLUTIONS & SUPPORT INC — Board/Management Information 2008

Oct 17, 2008

8-K 1 a08-26372_18k.htm 8-K

*UNITED STATES*

*SECURITIES AND EXCHANGE COMMISSION*

*Washington, DC 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): October 17, 2008*

*INNOVATIVE SOLUTIONS AND SUPPORT, INC.*

(Exact name of registrant as specified in its charter)

Pennsylvania	0-31157	23-2507402
(State or other
jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
720
Pennsylvania Drive Exton, Pennsylvania		19341
(Address of
principal executive offices)		(Zip Code)

*(610) 646-9800*

(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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*Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.*

On October 17, 2008, the Compensation Committee of the Board of Directors of Innovative Solutions and Support, Inc. (the “Company”) approved an increase in the annual base salary of Roman G. Ptakowski, the President of the Company, of $75,000 to $325,000 per year, effective as of October 1, 2008. In addition, in recognition of time spent in achieving a successful outcome in the Company’s litigation against Kollsman, Inc., the Compensation Committee approved a special one-time bonus to Mr. Ptakowski in the amount of $75,000.

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*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, thereunto duly authorized.

| /s/
John C. Long |
| --- |
| John C. Long |
| Chief Financial Officer |

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