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): August 25, 2016
EBIX, INC.
(Exact name of registrant as specified in its charter)
Delaware | 0-15946 | 77-0021975 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1 Ebix Way, Johns Creek, Georgia | 30097 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (678) 281-2020
(Former name or former address, if changed since last report.)
¨ | 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 5.02. Departure of Directors or Certain Officers: Election of Directors: Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
(e) | Compensatory Arrangements of Certain Officers |
On August 25, 2016, the Compensation Committee and Chairman of the Audit Committee of Ebix, Inc. presented its proposal to the Board of Directors to increase the Chief Executive Officers annual salary to $2,400,000. This increase is a result of the Committees review of the Chief Executive Officers compensation plan for 2016 to 2018. The proposal provided that the increase in salary would be retroactive to January 1, 2016. No other elements of the existing compensation plan were changed.
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.
EBIX, INC. | ||
By: | /s/ Robert Kerris | |
Robert Kerris | ||
EVP, Chief Financial Officer and Corporate Secretary |
August 26, 2016