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 September 15, 2005
(Date of Earliest Event Reported)
VERINT SYSTEMS INC.
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(Exact name of registrant as specified in its charter)
Commission File No. 0-15502
Delaware 11-3200514
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(State of Incorporation) (I.R.S. Employer
Identification No.)
330 South Service Road, Melville, New York 11747
(Address of principal Zip Code
executive offices)
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Registrant's telephone number, including area code: (631) 962-9600
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 September 15, 2005, the Compensation Committee of the Board of
Directors of Verint Systems Inc. (the "Company") approved an increase in the
annual base salaries for the Company's executive officers, Dan Bodner (President
and Chief Executive Officer) and Igal Nissim (Vice President and Chief Financial
Officer), for the year ended January 31, 2006 ("Fiscal 2005"). For Fiscal 2005,
Mr. Bodner's base salary will be increased from $400,000 to $440,000. For Fiscal
2005, Mr. Nissim's base salary will be increased from NIS 75,000 per month to
NIS 78,000 per month. These salary increases are retroactive to the beginning of
Fiscal 2005 (February 1, 2005). There are no employment agreements between the
Company and Mr. Bodner or Mr. Nissim.
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.
VERINT SYSTEMS INC.
By: /s/ Igal Nissim
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Name: Igal Nissim
Title: Chief Financial Officer
Dated: September 16, 2005