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EX-10.1 - DIRECTOR STOCK DEFERRAL AGREEMENT - PREMIERE GLOBAL SERVICES, INC.e41338ex10_1.htm

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 22, 2010

PREMIERE GLOBAL SERVICES, INC.

(Exact Name of Registrant as Specified in Its Charter)

GEORGIA

(State or Other Jurisdiction of Incorporation)

001-13577 59-3074176

(Commission File Number) (IRS Employer Identification No.)

3280 Peachtree Road, NE, Suite 1000, Atlanta, Georgia 30305

(Address of Principal Executive Offices) (Zip Code)

404-262-8400

(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):

|_| 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.

     On December 22, 2010, upon the recommendation of our compensation committee, our board of directors adopted a form of director stock deferral agreement pursuant to which each director can elect to defer the equity component of his compensation for Board service. The adoption of the director stock deferral agreement does not increase the amount of or otherwise change the equity compensation granted to our non-employee directors each year. The foregoing description of the agreement is qualified in its entirety by the full text of the form of the director stock deferral agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Form of Director Stock Deferral Agreement
10.1  



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.

  PREMIERE GLOBAL SERVICES, INC.

Date: December 22, 2010 By: /s/ Scott Askins Leonard
 
      Scott Askins Leonard
      Senior Vice President – Legal,
      General Counsel and Secretary



EXHIBIT INDEX

Exhibit Form of Director Stock Deferral Agreement
10.1