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):
June 10, 2005
ULTRALIFE BATTERIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation or organization)
0-20852 16-1387013
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(Commission File Number) (I.R.S. Employer Identification No.)
2000 Technology Parkway, Newark, New York 14513
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(Address of principal executive offices) (Zip Code)
(315) 332-7100
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(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:
[ ] 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.
NAMED EXECUTIVE OFFICER COMPENSATION.
On June 9, 2005, the Compensation & Management Committee of the Board
of Directors of the Company approved salary increases, effective July 1, 2005,
for certain executive officers of the Company, including the following Named
Executive Officers:
1. Nancy C. Naigle at a newly approved salary of $170,000, an increase
from $150,000.
2. Peter F. Comerford at a newly approved salary of $150,000, an increase
from $140,000.
No additional modifications were made to the compensation arrangements
for the two Named Executive Officers identified above. Three other executive
officers of the Company received salary increases to $150,000, also effective
July 1, 2005, representing an aggregate increase in their salaries of $55,000.
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.
ULTRALIFE BATTERIES, INC.
Dated: June 10, 2005 By: /s/Peter F. Comerford
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Peter F. Comerford
Vice President Administration &
General Counsel