november8k.htm
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): November 15,
2007
Bottomline
Technologies (de), Inc.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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000-25259
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02-0433294
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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.)
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325
Corporate Drive, Portsmouth, New Hampshire
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03801
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (603) 436-0700
Not
Applicable.
(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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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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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)
On
November 15, 2007, the compensation committee of the board of directors of
Bottomline Technologies (de), Inc. (the “Registrant”) amended the cash bonus
plan for Robert Eberle, the Registrant’s President and Chief Executive
Officer, for the fiscal year ended June 30, 2008 (the “Bonus
Plan”), to provide for the payment of a cash bonus of up to 120% of Mr. Eberle’s
base salary based upon the achievement of revenue and operating income targets
established by the committee and the achievement of key management
objectives. Prior to this amendment, the Bonus Plan provided for the
payment of a cash bonus of up to 100% of Mr. Eberle’s base salary. Cash bonuses
under the Bonus Plan are based on a percentage of base compensation and are
intended to be measured and paid quarterly, with an opportunity for review
of
the overall bonus at year end. Determinations regarding the bonuses
are at the discretion of the compensation committee.
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.
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BOTTOMLINE
TECHNOLOGIES (de), INC.
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November 19,
2007
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By:
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/s/
Kevin Donovan
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Kevin
Donovan
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Chief
Financial Officer and Teasurer
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