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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): December 20, 2007
comScore, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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000-1158172
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54-19555550 |
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
11465 Sunset Hills Road
Suite 200
Reston, Virginia 20190
(Address of principal executive offices, including zip code)
(703) 438-2000
(Registrants telephone number, including area code)
(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. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Named Executive Officer Compensation
On December 20, 2007, the Compensation Committee (the Committee) of the Board of Directors
of comScore, Inc. (the Company), following a review of the Companys executive compensation
program in conjunction with its outside compensation consultant (the Executive Compensation
Review), approved (i) base salary increases for 2008, (ii) bonus target levels for annual
performance and (iii) restricted stock award levels for annual grants, for each of the Companys
executive officers named below:
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Bonus Target Level |
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for Annual |
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Restricted Stock |
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Performance as a % |
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Award Level as a |
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Name and Principal Position |
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2008 Base Salary |
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of Full-Year Salary |
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% of Base Salary |
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Magid M. Abraham, Ph.D. President, Chief Executive Officer And Director |
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$ |
425,000 |
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80 |
% |
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200 |
% |
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John M. Green Chief Financial Officer |
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$ |
302,400 |
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100% (200% for grant in 2008) |
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Gian M. Fulgoni Executive Chairman of the Board Of Directors |
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$ |
375,000 |
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80 |
% |
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150 |
% |
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Gregory T. Dale Chief Technology Officer |
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$ |
275,600 |
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35 |
% |
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60 |
% |
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Christiana L. Lin General Counsel and Chief Privacy Officer |
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$ |
250,000 |
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35 |
% |
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50 |
% |
The Compensation Committee also approved, in connection with the Executive Compensation
Review, the payment of a portion of the annual performance bonus in restricted stock, vesting one
year following the grant date, beginning with the payment of 2007 annual performance bonuses. The
Company anticipates that the effective dates for 2008 base salaries and for the payment of 2007
annual performance bonuses will occur in the first quarter of 2008. The Company anticipates that
grants of restricted stock awards reflecting the levels described above will also occur in the
first quarter of 2008 and will vest over a four-year period following
the grant date.
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.
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comScore, Inc.
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By: |
/s/ John M. Green
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John M. Green |
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Chief Financial Officer |
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Date: December 27, 2007