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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): January 7, 2008
QUESTCOR PHARMACEUTICALS, INC.
(Exact Name of Registrant as Specified in Charter)
         
California
(State or Other Jurisdiction
of Incorporation)
  001-14758
(Commission File Number)
  33-0476164
(I.R.S. Employer
Identification No.)
     
3260 Whipple Road Union City, California
(Address of Principal Executive Offices)
  94587
(Zip Code)
Registrant’s telephone number, including area code: (510) 400-0700
 
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):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   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
Determination of 2008 Base Salaries
On January 7, 2008, the Board, based on the recommendation of Questcor Pharmaceuticals, Inc.’s (the “Company”) Compensation Committee, approved the 2008 annual base salaries for the Company’s executive officers.
The table below sets forth the 2008 annual base salary levels for the following executive officers:
             
Name   Title   2008 Salary  
Don M. Bailey
  President and Chief Executive Officer   $ 525,000  
 
           
Stephen L. Cartt
  Executive Vice President, Commercial Development   $ 350,000  
 
           
Steven Halladay, Ph.D.
  Senior Vice President, Clinical and Regulatory Affairs   $ 295,000  
 
           
David J. Medeiros
  Senior Vice President, Pharmaceutical Operations   $ 325,000  
 
           
George M. Stuart
  Senior Vice President, Finance and Chief Financial Officer   $ 260,000  

 


 

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.
         
Date: January 10, 2008  QUESTCOR PHARMACEUTICALS, INC.
 
 
  By:   /s/ George Stuart    
    George Stuart   
    Senior Vice President, Finance,
and Chief Financial Officer