DFR catch the falling knife, at what price?
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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.
On March 11, 2008, the stockholders of Deerfield Capital Corp. (the "Company") approved an amendment and restatement of the Company's Stock Incentive Plan to, among other matters, increase the shares of common stock reserved for issuance under the Plan from 2,692,313 to 6,136,725. A brief description of the terms and conditions of the Plan is set forth in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on February 4, 2008 under the heading "Proposal No. 2:
To approve an amendment and restatement of our Stock Incentive Plan to increase the shares of common stock reserved for issuance under the Plan and make certain other changes to the Plan - Description of the Terms of the Plan" and such description is incorporated herein by reference. Item 7.01 Regulation FD Disclosure.
On March 12, 2008, the Company issued a press release announcing that the Company's stockholders approved (i) the conversion of 14,999,992 shares of Series A Cumulative Convertible Preferred Stock into 14,999,992 shares of common stock and (ii) an amendment and restatement of the Company's Stock Incentive Plan to, among other matters, increase the shares of common stock reserved for issuance under the plan from 2,692,313 to 6,136,725. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished pursuant to Item 9.01, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release issued by the Company on March 12, 2008.
