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): January 30, 2008
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
(Registrant’s 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))
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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.
(e) Named Executive Officer Compensation
On January 30, 2008, the Compensation Committee (the “Committee”) of the Board of Directors of
comScore, Inc. (the “Company”), following a review of the Company’s executive compensation program
in conjunction with its outside compensation consultant, approved a modification of restricted
stock agreements granted to Magid M. Abraham, Ph.D., the Company’s Chief Executive Officer, Gian M.
Fulgoni, the Company’s Executive Chairman, and John M. Green, the Company’s Chief Financial Officer
(collectively, the “Officers”). Dr. Abraham’s, Mr. Fulgoni’s and Mr. Green’s restricted stock awards,
originally issued in March 2007 for 100,000 shares, 75,000 shares and 30,000 shares of the
Company’s common stock, respectively, are subject to a right of repurchase that lapses over four
years based on time of service. Following the Committee’s approval of the modifications, the right
of repurchase for the Officers’ restricted stock grants also became subject to “single trigger”
acceleration, which results in the repurchase right fully lapsing upon the occurrence of a “change
of control” event. In general terms, the restricted stock agreement for each of the Officers defines a
“change of control” event as an acquisition of at least 50% of the voting control of the Company, a
sale or merger of the Company or the sale of substantially all the
assets of the Company. These amendments are consistent with the
change of control provisions of existing executive stock option
agreements for Dr. Abraham and Mr. Fulgoni, relating to prior option
grants that have vested in full according to their terms during
calendar year 2007.